Snowflake Intensifies AI Strategy with Key Acquisition and Industry Initiative

Snowflake is accelerating its expansion within the artificial intelligence sector through a significant acquisition and a growing industry partnership. The cloud data platform’s latest maneuvers are designed to solidify its AI infrastructure, though investors are questioning whether these strategic actions can support the company’s lofty valuation.

The company announced yesterday its decision to acquire Select Star, a platform specializing in metadata governance. This acquisition is a strategic move to enhance the capabilities of Snowflake’s Horizon Catalog by incorporating metadata from a wider array of external data sources. Select Star’s technology provides critical features including Data Lineage, impact analysis, and Data Discovery, which are essential for developing Read more...