Snowflake Inc (NYSE: SNOW), a cloud data company, is increasing its research and development (R&D) investment to create tools for testing generative artificial intelligence (AI) in business applications.
The company, which went public in 2020 and experienced rapid growth during the pandemic, provides a platform for data storage, organization, and analysis across multiple cloud providers, including Amazon.Com, Inc (NASDAQ: AMZN) Amazon Web Services and Microsoft Corp (NASDAQ: MSFT) Azure, the Wall Street Journal reports.
Despite a slowdown in revenue growth earlier this year due to reduced ...