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 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).

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Kaitlyn Hopkins
Senior Product PR Lead, Snowflake
press@snowflake.com

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SNOW

Snowflake Inc. Class A

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

1911 Gold Commences Underground Drill Program at True North Gold Project

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered the next phase of advanced exploration, with the commencement of the Company's first underground drill program at the Company's wholly-owned operational and fully permitted True North Gold Project, located in Manitoba .

Highlights

The first underground drill rig has been mobilized to Level 16, approximately 695 metres ('m") below surface, to commence exploration drilling on the San Antonio Southeast ("SAM SE"), San Antonio West ("SAM W") and new Shore exploration targets.
Underground drilling will be expanded to include testing the extensions of the current resource and completing infill drilling to upgrade zones identified for development in the Preliminary Economic Assessment ("PEA") currently underway.
The current underground drilling plan is comprised of approximately 25,000 m in 122 holes.
A total of 20,342 m of surface exploration drilling in 71 holes has now been completed, primarily on the SAM W and SAM SE targets
The assay results from 11 surface drill holes at SAM SE and SAM W, totalling 5,368 m , drilling down to depths of approximately 550 m , are pending.

"Commencing underground drilling is a pivotal step in advancing the redevelopment of the True North Gold Mine," stated Shaun Heinrichs , President & CEO of 1911 Gold. "This program is designed to rapidly expand our current resource, extend the depth extensions of recent new surface discoveries that can meaningfully enhance the scale of our operations, and delineate two trial test mining areas. With strong community support and a fully permitted mill on site, we are excited to advance towards our next phase of growth."

The underground drill program marks a significant milestone as the Company advances its strategy to restart underground mining operations and build upon its existing permitted infrastructure and resource base. The focus of the current campaign will be on testing the resource size potential of newly identified drill targets, including SAM W and SAM SE (two recent discoveries located adjacent to the existing underground infrastructure and drill-tested from surface to depths of approximately 550 m ). The program will also target: potential mineral resource expansion through step-out drilling around the current resource; delineation drilling on two significant targets in preparation for trial test mining in 2026 on Level 16; and commence resource infill and upgrade drilling on areas identified for early production in the pending PEA. The underground drill program will initially utilize two (2) drill rigs, with additional rigs planned as access to new areas is established.

Program Description

The Company plans to complete approximately 25,000 metres of underground drilling in 122 drill holes over the next nine months.

Exploration Drilling

Drilling will test the down-dip extension of the SAM SE target, discovered during the surface drilling program, and the emerging Shore target (located directly southeast of SAM SE), hosted within the SAM gabbro unit at the intersection with the 007 shear zone. The 007 mine, which operated from 2010 through 2015, arose from the intersection of the 007 share zone and the shoreline basalt unit to the northeast of the SAM gabbro unit. A total of approximately 10,000 m in 24 drill holes is planned, from Level 16 and the lower portion of the L13 area within the Hinge decline once the Company regains access to that area. Rehabilitation of Level 6 is underway to facilitate drill access to test the down-dip extensions of the SAM W target.

Resource Expansion Drilling

Resource expansion drilling will focus on four (4) mineralized veins hosted within the 710-711, L10, 007 and Hinge zones, which can be drilled from the existing infrastructure on Level 16. The target areas are adjacent to known high-grade zones, which have demonstrated strong potential for resource expansion. Step-out drilling will test up and down-plunge extensions outside the current mineral resource. Approximately 6,000 m in 18 drill holes are planned for the initial resource expansion program.

Test Mining – Delineation Drilling

In preparation for a large test mining program in mid-2026, the Company will also complete approximately 9,000 m in 80 drill holes of delineation drilling. This drilling will focus on upgrading the resource to the measured category for two selected areas, which are accessible from Level 16 for both drilling and bulk sampling activities. The two areas designated within the mineral resource block model are hosted within the Hinge Zone (Vein 800 and 820) and the L10 Zone (Vein 1020 and 1040).

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 gold developer with a highly prospective, consolidated land package totalling more than 61,647 hectares, situated within and adjacent to the Archean Rice Lake greenstone belt in Manitoba . The Company also owns the True North mine and mill complex at Bissett, Manitoba , providing a fully permitted infrastructure hub to support future development. 1911 Gold believes its land package represents a prime opportunity to build a new mining district centred on the True North complex.

In addition, the Company holds the Apex project near Snow Lake, Manitoba , and the Denton-Keefer project near Timmins, Ontario , and remains focused on advancing organic growth while pursuing accretive acquisition opportunities across 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 information and statements, collectively ("forward-looking statements"), within the meaning of applicable Canadian securities legislation. 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, predictions, projections, forecasts, 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, as well as statements relating to the plans and timing for the potential mining operations at the True North Gold Project, including test mining and the benefits therefrom, 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 Announces Upsize of Previously Announced "Best Efforts" Life Offering and Private Placement to C$17 Million

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered into an amended and restated agreement with Haywood Securities (" Haywood "), as lead agent, on its own behalf and on behalf of Velocity Capital Partners (together with Haywood, the " Agents "), to amend the terms of its previously announced "best efforts" private placement and LIFE offering to increase the size of the offering to C$17 million (the " Upsized Offering ").

Under the terms of the Upsized Offering, the Agents have agreed to sell, on a "best efforts" private placement basis, up to: (i) 3,184,000 common shares which qualify as "flow-through shares" (within the meaning of the Tax Act) and qualify as "Canadian exploration expenses" as defined in the Tax Act (the " CEE LIFE Shares ") at a price of C$0.64 per CEE LIFE Share (the " CEE Issue Price "); and (ii) 14,802,000 common shares which qualify as "flow-through shares" (within the meaning of the Tax Act) and qualify as "accelerated Canadian development expenses" as defined in the Tax Act (the " CDE Offered Shares ") at a price of C$0.554 per CDE Offered Share (the " CDE Issue Price ") for aggregate gross proceeds to the Company from the sale of CEE LIFE Shares and CDE Offered Shares of up to C$10,238,068 (the " LIFE Offering ").

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1911 Gold Announces C$13 Million "Best Efforts" Life Offering and Private Placement

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (" Haywood "), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (together with Haywood, the " Agents "), pursuant to which the Agents have agreed to sell, on a "best efforts" private placement basis, any combination of: common shares of the Company (the " LIFE Non-FT Shares ") at a price per LIFE Non-FT Share of C$0.45 (the " Non-FT Issue Price "); (ii) common shares which qualify as "flow-through shares" (within the meaning of the Tax Act) and qualify as "Canadian exploration expenses" as defined in the Tax Act (the " CEE Offered Shares ") at a price of C$0.64 per CEE Offered Share (the " CEE Issue Price "); and (iii) common shares which qualify as "flow-through shares" (within the meaning of the Tax Act) and qualify as "accelerated Canadian development expenses" as defined in the Tax Act (the " CDE Offered Shares ") at a price of C$0.554 per CDE Offered Share (the " CDE Issue Price ") for aggregate gross proceeds to the Company of up to C$10,238,000 (the " LIFE Offering ").

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1911 Gold Corporation Announces Option Grant

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF) (OTCQB: AUMBF) (FRA: 2KY) announces that, pursuant to the Company's long-term incentive plan (the " LTIP "), it has granted stock options (the " Options ") to certain employees and a consultant of the Company to purchase an aggregate of 700,000 common shares of the Company (the " Shares ") at a price of $0.345 per Share until September 8, 2030 . 350,000 of the Options were granted to Suzette Ramcharan the operator of the Company's investor relations consultant, WIN Expertise Inc. (" WIN "), and will vest ¼ three months after the date of the grant; ¼ six months after the date of the grant; ¼ nine months after the date of the grant; and ¼ twelve months after the date of the grant. The foregoing Options are subject to acceptance by the TSX Venture Exchange.