Snowflake acquisition of Neeva to add generative AI – TechTarget
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Snowflake has reached an agreement to acquire Neeva, a search engine vendor whose platform is fueled by generative AI and large language model technology.
Snowflake’s recent focus has been on developing versions of its data cloud platform that include prebuilt capabilities tailored to meet the needs of enterprises in vertical particular industries. Among them are data clouds for manufacturing and retail, and Snowflake now has six industry-specific versions of its platform.
But unlike many of its peers in data management and analytics, Snowflake did not directly address generative AI and LLMs after the launch of ChatGPT from OpenAI — which was a leap in generative AI and LLM technology over previous tools — in November 2022.
Its pending acquisition of Neeva changes that.
Financial terms of the transaction were not disclosed nor was a date given for when the deal is expected to close.
Additive capabilities
Neeva was founded in 2019 by ex-Google employees…
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source: https://news.oneseocompany.com/2023/05/25/snowflake-acquisition-of-neeva-to-add-generative-ai-techtarget_2023052545259.html
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