TechTaffy

tech:

taffy

Snowflake, Nvidia expand collaboration to accelerate AI application development

By TechTaffy Desk

Snowflake has inked an expanded partnership with Nvidia, aiming to enhance AI application development for enterprise customers. The collaboration integrates Nvidia’s accelerated computing and software with Snowflake’s data management capabilities, focusing on building, deploying, and managing AI applications securely.

Key to the collaboration is the integration of Nvidia’s NeMo Retriever within Snowflake’s Data Cloud, allowing customers to utilize advanced AI models directly on their proprietary data. The integration is expected to improve chatbot applications’ performance and scalability and accelerate the development of AI applications using Snowflake Cortex, Snowflake’s large language model (LLM) and vector search service.

Additionally, the partnership will make Nvidia TensorRT software available on Snowflake’s platform.

[Image courtesy: Snowflake]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.