Snowflake CEO Frank Slootman notes that business customers have shifted from extreme cost-cutting measures to a more confident outlook, resulting in improved spending on data technologies and cloud-based services.
The Cloud Wars Top 10 are in the thick of quarterly financial reports. The numbers and outlook are making it clear: some investment caution is dissipating.
New partnership combines Snowflake’s data warehousing platform with Nvidia’s GPUs to help businesses build generative AI applications with their proprietary data.
The Cloud Wars Top 10 companies are projected to generate $359.4 billion in cloud revenue in 2023, despite economic challenges, with Microsoft leading at a growth rate of 21.6%, while Oracle is the fastest-growing member with a 38.8% growth rate.
Projected growth rates for the Cloud Wars Top 10 companies in 2023 showcase the sector’s resilience and rapid expansion.
An update on the Cloud Confidence Index, with Amazon, Google, and SAP leading the index higher.
The Cloud Confidence Index uses market caps of top 10 cloud companies as a proxy for business leaders’ confidence in their growth, reflecting customer demand and technology trends. The index is up slightly.
Oracle maintains its position as the world’s hottest major cloud vendor with 54% growth in Q2, followed by Google Cloud at 28% and ServiceNow at 25%.
The four fastest growing cloud vendors’ financial results indicate an upturn in customer spending and preparation for the generative AI revolution.
In this Cloud Wars Top 10 course segment on Snowflake, gain insight into the data cloud and app dev innovations that earned Snowflake a spot in the rankings.
Databricks recently acquired MosaicML for $1.3 billion, and the combined firms are poised to develop robust machine learning and generative AI capabilities for enterprises.
AI Index Report episode 3: IBM releases watsonx.ai platform for enterprises; Databricks acquires MosaicML for $1.3 billion; and Amazon announces Amazon CodeWhisperer copilot.
Bloomberg recently announced that its cloud-based data management solution is now driving a Snowflake-native app.
In the Acceleration Economy Cloud Wars Top 10 course, discover how companies, including Celonis, achieve Cloud Wars Horizon designation.
Get a preview of our Cloud Wars Top 10 course on how buying committees and C-level executives can use the cloud ranking to support purchase decisions.
Get a preview of our Cloud Wars Top 10 course, which helps buying committees and C-level execs support purchase decisions by understanding each company’s innovations and differentiators.
Snowflake and Microsoft are working together to optimize product integration, including support for generative AI in the Snowflake Data Cloud.
At Snowflake Summit, the Cloud Data leader details innovations in LLMs, generative AI, and app development functionality.
Capital One just released its Slingshot solution, which aims to deliver on cost governance. Slingshot was built on Snowflake technology.
Over the last three months, the Cloud Confidence Index (overall) was up by 23.3% for a total market cap of $6.51 trillion. Bob Evans reports which companies stood out.