Snowflake and NVIDIA Power Customized AI Applications for Customers and Partners

Snowflake and NVIDIA Power Customized AI Applications for Customers and Partners

Bringing together the industry's leading AI-powered applications, models, and hardware so customers can deliver enterprise AI across their businesses with ease, efficiency, and trust

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced at Snowflake Summit 2024 a new collaboration with NVIDIA that customers and partners can harness to build customized AI data applications in Snowflake, powered by NVIDIA AI.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603571544/en/

Snowflake and NVIDIA Power Customized AI Applications for Customers and Partners (Graphic: Business Wire)

Snowflake and NVIDIA Power Customized AI Applications for Customers and Partners (Graphic: Business Wire)

With this latest collaboration, Snowflake has adopted NVIDIA AI Enterprise software to integrate NeMo Retriever microservices into Snowflake Cortex AI , Snowflake's fully managed large language model (LLM) and vector search service. This will enable organizations to seamlessly connect custom models to diverse business data and deliver highly accurate responses. In addition, Snowflake Arctic , the most open, enterprise-grade LLM, is now fully supported with NVIDIA TensorRT-LLM software, providing users with highly optimized performance. Arctic is also now available as an NVIDIA NIM inference microservice, allowing more developers to access Arctic's efficient intelligence.

As enterprises look for ways to further unlock the power of AI across their teams, there's an increasing need to apply data to drive customization. Through Snowflake's collaboration with NVIDIA, organizations can rapidly create bespoke, use-case specific AI solutions, enabling businesses across industries to realize the potential of enterprise AI.

"Pairing NVIDIA's full stack accelerated computing and software with Snowflake's state-of-the-art AI capabilities in Cortex AI is game-changing," said Sridhar Ramaswamy, CEO, Snowflake. "Together, we are unlocking a new era of AI where customers from every industry and every skill level can build custom AI applications on their enterprise data with ease, efficiency, and trust."

"Data is the essential raw material of the AI industrial revolution," said Jensen Huang, founder and CEO, NVIDIA. "Together, NVIDIA and Snowflake will help enterprises refine their proprietary business data and transform it into valuable generative AI."

Snowflake Cortex AI + NVIDIA AI Enterprise Software

Snowflake and NVIDIA are collaborating to integrate the key technologies of NVIDIA AI Enterprise software platform – such as NeMo Retriever – into Cortex AI, so business users can efficiently build and leverage bespoke AI-powered applications that maximize their AI investments.

NVIDIA AI Enterprise software capabilities to be offered in Cortex AI include:

  • NVIDIA NeMo Retriever : Provides information retrieval with high accuracy and powerful performance for enterprises building retrieval-augmented generation-based AI applications within Cortex AI.
  • NVIDIA Triton Inference Server : Provides the ability to deploy, run, and scale AI inference for any application on any platform.

In addition, NVIDIA NIM inference microservices – a set of pre-built AI containers and part of NVIDIA AI Enterprise – can be deployed right within Snowflake as a native app powered by Snowpark Container Services . The app enables organizations to easily deploy a series of foundation models right within Snowflake.

Quantiphi, an AI-first digital engineering company, and 'Elite' tier partner with both Snowflake and NVIDIA, is one of the many AI providers building Snowflake Native Apps using Snowpark Container Services. These apps run within a customer's Snowflake account to help ensure data remains protected, while delivering faster time-to-value. Quantiphi's Native Apps, baioniq™ – a generative AI platform for boosting knowledge worker productivity and Dociphi an AI-led intelligent document processing platform for the banking, financial services, and insurance industries, target specific business personas to accelerate their industry use cases and day-to-day operations. Both Dociphi and baioniq were developed using the NVIDIA NeMo framework and will be available on Snowflake Marketplace for users to deploy without leaving their Snowflake environment.

Expanded Support for Snowflake Arctic

The state-of-the-art Snowflake Arctic LLM, launched in April 2024 and trained on NVIDIA H100 Tensor Core GPUs , is available as an NVIDIA NIM so users can get started with Arctic in seconds. The Arctic NIM hosted by NVIDIA is live on the NVIDIA API catalog for developer access using free credits, and will be offered as a downloadable NIM, giving users even more choice to deploy the most open enterprise LLM available on their preferred infrastructure.

Earlier this year, Snowflake and NVIDIA announced an expansion of their initial collaboration to deliver a single, unified AI infrastructure and compute platform in the AI Data Cloud. Today's announcements represent key advancements in Snowflake's shared mission with NVIDIA to help customers succeed on their AI journeys.

Learn More:

  • Tune into the Snowflake Summit 2024 Keynote livestream to hear about the latest in AI, apps, and data collaboration and check out Snowflake Dev Day on June 6, 2024 to see the latest innovations in action.
  • Dig into how the world-renowned Snowflake AI Research team trained Snowflake Arctic in this blog .
  • See how organizations are bringing generative AI and LLMs to their enterprise data in this video .
  • Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter / X .

About Snowflake

Snowflake makes enterprise AI easy, efficient, and trusted. Thousands of companies around the globe, including hundreds of the world's largest, use Snowflake's AI Data Cloud to share data, build AI and machine learning applications, and power their business. The era of enterprise AI is here. Learn more at snowflake.com (NYSE: SNOW).

Forward-Looking Statements

This press release contains express and implied forward-looking statements, including statements regarding (i) Snowflake's business strategy, (ii) Snowflake's products, services, and technology offerings, including those that are under development or not generally available, (iii) market growth, trends, and competitive considerations, and (iv) the integration, interoperability, and availability of Snowflake's products with and on third-party platforms. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading "Risk Factors" and elsewhere in the Quarterly Reports on Form 10-Q and the Annual Reports on Form 10-K that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictions of future events.

© 2024 Snowflake Inc. All rights reserved. Snowflake, the Snowflake logo, and all other Snowflake product, feature and service names mentioned herein are registered trademarks or trademarks of Snowflake Inc. in the United States and other countries. All other brand names or logos mentioned or used herein are for identification purposes only and may be the trademarks of their respective holder(s). Snowflake may not be associated with, or be sponsored or endorsed by, any such holder(s).

Media Contacts  
Tom Hannigan
Partner PR, Snowflake
press@snowflake.com

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1911 Gold Intersects 8.42 g/t Gold over 0.91 m and 7.23 g/t Gold over 1.05 m in Drilling at True North

1911 Gold Intersects 8.42 g/t Gold over 0.91 m and 7.23 g/t Gold over 1.05 m in Drilling at True North

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from ten (10) drill holes for 2,222.00 metres ("m") from the surface exploration drilling program currently in progress at the True North Project located on the Company's 100%-owned Rice Lake Gold property in Manitoba, Canada .

Highlights:

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1911 Gold Delivers on 2024 Objectives and Outlines 2025 Growth Strategy for True North

1911 Gold Delivers on 2024 Objectives and Outlines 2025 Growth Strategy for True North

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) is pleased to provide an overview of the Company's key 2024 achievements and outline its aggressive 2025 growth strategy for its 100% owned True North gold project and the surrounding Rice Lake property in southeastern Manitoba, Canada .

2024 Highlights:

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1911 Gold Announces Grant of Deferred Share Units

1911 Gold Announces Grant of Deferred Share Units

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB; OTCBB: AUMBF) announces that it has granted a total of 166,665 deferred share units ("DSUs") to four directors under the LTIP in respect of H2-2024 director fees. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

1911 Gold Logo (CNW Group/1911 Gold Corporation)

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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1911 Gold Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate for the True North Gold Project

1911 Gold Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate for the True North Gold Project

1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-V: AUMB) (OTC: AUMBF) is pleased to announce that following the release of an updated underground Mineral Resource Estimate ("MRE") for the True North Gold Project on November 20, 2024 the Company has filed the National Instrument 43-101 ("NI 43-101") Technical Report for the 100% owned project in southeastern Manitoba, Canada .

1911 Gold Logo (CNW Group/1911 Gold Corporation)

Highlights

  • Filing of Technical Report entitled "   NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada ", prepared by Lions Gate Geological Consulting Inc. ("LGGC") and 1911 Gold, dated December 23, 2024 , with an effective date of August 29, 2024
  • Underground MRE defined for the True North Gold Project is reported within mineral resource constraining envelopes using a 2.25 grams per tonne ("g/t") Gold ("Au") threshold. All blocks within the envelopes are reported and tabulate as:
    • Indicated Mineral Resource of 3,516,000 t @ 4.41 g/t Au containing 499,000 ounces ("oz") Au
    • Inferred Mineral Resource of 5,490,000 t @ 3.65 g/t Au containing 644,000 oz Au
  • The MRE highlights areas for resource expansion both down plunge and along strike to the modeled veins, and within areas of historic drilling, for potential resource expansion with additional drilling
  • Surface drill program ( 6,000 m ) underway on new target areas that include:
    • Gold mineralization intersected in historic drillholes along strike from the resource and within 400 m of surface
    • New targets identified during the re-interpretation and remodelling of gold mineralization that are proximal to   Au-bearing shear zones within favourable host rocks
  • Planning for 25,000 m of resource expansion and new target drilling is underway for 2025

Shaun Heinrichs , President and CEO of 1911 Gold, commented, "We are pleased to have completed the compilation and filing of the updated Mineral Resource Estimate Technical Report for the True North Gold Project. The new robust resource estimate forms the base of our plans moving forward both for the recommencement of production and the expansion and growth of resources at the True North Gold mine. We have a significant exploration drill program underway on a number of new targets and are moving to expand this program in 2025 with more resource expansion drilling".

The updated NI 43-101 report is available for review on both SEDAR+ ( www.sedarplus.ca ) and the Company's website ( www.1911gold.com ).

The updated True North MRE Technical Report was prepared by Susan Lomas , P.Geo, of LGGC, Bruce Davis , PhD, FAusIMM, and Michele Della Libera , P.Geo,, each of whom is considered a "Qualified Person" as defined in NI 43-101.

1911 Gold's press release dated November 20, 2024 (entitled " 1911 Gold Announces Mineral Resource Estimate Update for the True North Gold Project ") summarized the mineral resource estimate update in detail.

Future Plans

First phase surface drilling is currently underway on near surface areas outside of the resource where the new geological model has identified prospective new targets with significant mineralized intercepts from historical drilling. Initially three prioritized target areas have been identified and are the target of the current drill program (see Company's press release: " 1911 Gold Initiates Surface Drill Program on New Exploration Targets at the True North Gold Mine" , dated October 3, 2024 ). Drilling is continuing and results are due to be released in early 2025.

With the completion of the MRE, 1911 Gold has also identified areas of the resource model that are open and with additional drilling have the potential to expand the resources, in addition to new targets at depth in the deposit. The Company is currently compiling a drill plan of over 25,000 m of drilling for 2025 and has commenced work on a preliminary redevelopment plan, working closely with Éric Vinet, recently engaged as a key technical advisor, focusing on identifying suitable mining methods, expected costs, and overall economics supporting the restart strategy, to be covered in a new preliminary economic assessment study.

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice President Exploration of 1911 Gold, who is a "Qualified Person" as defined under NI 43-101.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling 63,276 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba , where it is reprocessing historic tailings on a seasonal basis. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative, and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about exploration plans and the timing and results thereof, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/02/c7302.html

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