Snowflake jumps on Palantir partnership announcement
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Snowflake jumped after announcing a partnership deal with AI software and defense data company Palantir Technologies, in which Snowflake’s AI-focused data storage product — called “AI Data Cloud” — is integrated into Palantir’s Foundry and Artificial Intelligence Platform software. Data storage and management has emerged as a popular market theme this year as an offshoot of a the all-things-AI trade.
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