Snowflake Brings Industry-Leading Enterprise AI to Even More Users with New Advancements to Snowflake Cortex AI and Snowflake ML

Snowflake Brings Industry-Leading Enterprise AI to Even More Users with New Advancements to Snowflake Cortex AI and Snowflake ML

Snowflake Cortex AI delivers easy, efficient, and trusted enterprise AI to thousands of organizations — making it simple to create custom chat experiences, fine-tune best-in-class models, and expedite no-code AI development

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced at its annual user conference, Snowflake Summit 2024 , new innovations and enhancements to Snowflake Cortex AI that unlock the next wave of enterprise AI for customers with easy, efficient, and trusted ways to create AI-powered applications. This includes new chat experiences, which empower organizations to develop chatbots within minutes so they can talk directly to their enterprise data and get the answers they need, faster. In addition, Snowflake is further democratizing how any user can customize AI for specific industry use cases through a new no-code interactive interface, access to industry-leading large language models (LLMs), and serverless fine-tunings. Snowflake is also accelerating the path for operationalizing models with an integrated experience for machine learning (ML) through Snowflake ML , enabling developers to build, discover, and govern models and features across the ML lifecycle. Snowflake's unified platform for generative AI and ML allows every part of the business to extract more value from their data, while enabling full security, governance, and control to deliver responsible, trusted AI at scale.

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Snowflake Cortex AI delivers easy, efficient, and trusted enterprise AI to thousands of organizations — making it simple to create custom chat experiences, fine-tune best-in-class models, and expedite no-code AI development (Graphic: Business Wire)

Snowflake Cortex AI delivers easy, efficient, and trusted enterprise AI to thousands of organizations — making it simple to create custom chat experiences, fine-tune best-in-class models, and expedite no-code AI development (Graphic: Business Wire)

"Snowflake is at the epicenter of enterprise AI, putting easy, efficient, and trusted AI in the hands of every user so they can solve their most complex business challenges, without compromising on security or governance," said Baris Gultekin, Head of AI, Snowflake. "Our latest advancements to Snowflake Cortex AI remove the barriers to entry so all organizations can harness AI to build powerful AI applications at scale and unlock unique differentiation with their enterprise data in the AI Data Cloud."

Give Your Entire Enterprise the Power to Talk to Data Through New Chat Experiences

LLM-powered chatbots are a powerful way for any user to ask questions from their enterprise data using natural language, unlocking the insights organizations need for critical decision-making with increased speed and efficiency. Snowflake is unveiling two new chat capabilities, Snowflake Cortex Analyst (public preview soon) and Snowflake Cortex Search (public preview soon), allowing users to develop these chatbots in a matter of minutes against their structured and unstructured data, without operational complexity. Cortex Analyst, built with Meta's Llama 3 and Mistral Large models, allows businesses to securely build applications on top of their analytical data in Snowflake. In addition, Cortex Search harnesses state-of-the-art retrieval and ranking technology from Neeva ( acquired by Snowflake in May 2023) alongside Snowflake Arctic embed , so users can build applications against documents and other text-based datasets through enterprise-grade hybrid search — a combination of both vector and text — as a service.

"Data security and governance are of the utmost importance for Zoom when leveraging AI for our enterprise analytics. We rely on the Snowflake AI Data Cloud to support our internal business functions and develop customer insights as we continue to democratize AI across our organization," said Awinash Sinha, Corporate CIO, Zoom . "By combining the power of Snowflake Cortex AI and Streamlit, we've been able to quickly build apps leveraging pre-trained large language models in just a few days. This is empowering our teams to use AI to quickly and easily access helpful answers."

"Although businesses typically use dashboards to consume information from their data for strategic decision-making, this approach has some drawbacks including information overload, limited flexibility, and time-consuming development," said Mukesh Dubey, Product Owner Data Platform, CH NA, Bayer . "What if internal functional users could ask specific questions directly on their enterprise data and get responses back with basic visualizations? The core of this capability is high-quality responses to a natural language query on structured data, used in an operationally sustainable way. This is exactly what Snowlake Cortex Analyst enables for us. What I'm most excited about is we're just getting started, and we're looking forward to unlocking more value with Snowflake Cortex AI."

Data security is key to building production-grade AI applications and chat experiences, and then scaling them across enterprises. As a result, Snowflake is unveiling Snowflake Cortex Guard (generally available soon), which leverages Meta's Llama Guard, an LLM-based input-output safeguard that filters and flags harmful content across organizational data and assets, such as violence and hate, self-harm, or criminal activities. With Cortex Guard, Snowflake is further unlocking trusted AI for enterprises, helping customers ensure that available models are safe and usable.

Snowflake Strengthens AI Experiences to Accelerate Productivity

In addition to enabling the easy development of custom chat experiences, Snowflake is providing customers with pre-built AI-powered experiences, which are fueled by Snowflake's world-class models. With Document AI (generally available soon), users can easily extract content like invoice amounts or contract terms from documents using Snowflake's industry-leading multimodal LLM, Snowflake Arctic-TILT , which outperforms GPT-4 and secured a top score in the DocVQA benchmark test — the standard for visual document question answering. Organizations including Northern Trust harness Document AI to intelligently process documents at scale to lower operational overhead with higher efficiency. Snowflake is also advancing its breakthrough text-to-SQL assistant, Snowflake Copilot (generally available soon), which combines the strengths of Mistral Large with Snowflake's proprietary SQL generation model to accelerate productivity for every SQL user.

Unlock No-Code AI Development with the New Snowflake AI & ML Studio

Snowflake Cortex AI provides customers with a robust set of state-of-the-art models from leading providers including Google , Meta , Mistral AI , and Reka , in addition to Snowflake's top-tier open source LLM Snowflake Arctic , to accelerate AI development. Snowflake is further democratizing how any user can bring these powerful models to their enterprise data with the new Snowflake AI & ML Studio (private preview), a no-code interactive interface for teams to get started with AI development and productize their AI applications faster. In addition, users can easily test and evaluate these models to find the best and most cost-effective fit for their specific use cases, ultimately accelerating the path to production while optimizing operating costs.

To help organizations further enhance LLM performance and deliver more personalized experiences, Snowflake is introducing Cortex Fine-Tuning (now public preview), accessible through AI & ML Studio or a simple SQL function. This serverless customization is available for a subset of Meta and Mistral AI models. These fine-tuned models can then be easily used through a Cortex AI function, with access managed using Snowflake role-based access controls.

Streamline Model and Feature Management with Unified, Governed MLOps Through Snowflake ML

Once ML models and LLMs are developed, most organizations struggle with continuously operating them in production on evolving data sets. Snowflake ML brings MLOps capabilities to the AI Data Cloud, so teams can seamlessly discover, manage, and govern their features, models, and metadata across the entire ML lifecycle — from data pre-processing to model management. These centralized MLOps capabilities also integrate with the rest of Snowflake's platform, including Snowflake Notebooks and Snowpark ML for a simple end-to-end experience.

Snowflake's suite of MLOps capabilities include the Snowflake Model Registry (now generally available), which allows users to govern the access and use of all types of AI models so they can deliver more personalized experiences and cost-saving automations with trust and efficiency. In addition, Snowflake is announcing the Snowflake Feature Store (now public preview), an integrated solution for data scientists and ML engineers to create, store, manage, and serve consistent ML features for model training and inference, and ML Lineage (private preview), so teams can trace the usage of features, datasets, and models across the end-to-end ML lifecycle.

Continued Innovation at Snowflake Summit 2024

Snowflake also announced new innovations to its single, unified platform that provide thousands of organizations with increased flexibility and interoperability across their data; new tools that accelerate how developers build in the AI Data Cloud; a new collaboration with NVIDIA that customers and partners can harness to build customized AI data applications in Snowflake; the Polaris Catalog , a vendor-neutral, fully open catalog implementation for Apache Iceberg; and more at Snowflake Summit 2024 .

Learn More:

  • Read more about how AI and ML innovations enable users to talk to their data, security customize LLMs, and streamline model operations in this blog post .
  • Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter / X .

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).

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 applications, and power their business with AI. The era of enterprise AI is here. Learn more at snowflake.com (NYSE: SNOW).

Media Contacts:  
Kaitlyn Hopkins
Senior Product PR Lead, 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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