Snowflake Doubles Down on Developers with End-to-End Capabilities for Building Enterprise-Grade Pipelines, Models, and AI-Powered Apps

New innovations including Snowflake Notebooks, Snowflake Trail, DevOps tools, and more accelerate end-to-end development for builders, all from Snowflake's unified platform

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced at its annual user conference, Snowflake Summit 2024 , new tools and innovations that accelerate how developers build enterprise-grade pipelines, models, and applications with their data. Snowflake is furthering its mission of eliminating complexity for customers with new developer tooling and native integrations that speed up development, while empowering them to efficiently ship more advanced products in the AI Data Cloud.

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New innovations including Snowflake Notebooks, Snowflake Trail, DevOps tools, and more accelerate end-to-end development for builders, all from Snowflake's unified platform (Graphic: Business Wire)

"Thousands of developers around the globe already rely on Snowflake as their go-to development platform. Our latest innovations continue to push the boundaries of what builders can create in the AI Data Cloud, bringing familiar, yet powerful experiences to their enterprise data where it already lives," said Jeff Hollan, Head of Applications and Developer Platform, Snowflake. "Developers can harness the full breadth of Snowflake's leading scale, performance, and governance to easily deliver large language model-powered applications that unlock value, ultimately putting AI in the hands of more users."

Harness Snowflake's Speed and Simplicity to Advance AI Development

Developers are regularly looking for ways to shorten the time from prototype to deployment, with Snowflake quickly becoming the platform for builders to create powerful data products. By harnessing the combination of Dynamic Tables and Snowpipe Streaming , users can unlock low-latency transformation pipelines to fuel AI and machine learning (ML) model development, all within the AI Data Cloud. Over 2,900 customers today are already running more than 200,000 Dynamic Tables ¹ to build and manage production-grade data pipelines, and that number continues to grow.

Snowflake is now arming developers with even more ways to accelerate their AI development directly on their data in the AI Data Cloud with Snowflake Notebooks (now public preview) natively integrated with the full breadth of the Snowflake platform including Snowpark ML , Streamlit , and Snowflake Cortex AI . Snowflake Notebooks provides a single, easy-to-use development interface for Python, SQL, and Markdown. Developers can also leverage Snowflake Notebooks to experiment and iterate on their ML pipelines, harness AI-powered editing features, simplify data engineering workflows, and more to unlock increased productivity and collaborative development.

"With Snowflake Notebooks, we can easily integrate our experiment tracking with Weights & Biases directly within notebooks," said Lukas Biewald, Co-founder and CEO, Weights & Biases . "Centralized, secure access to Snowflake data and compute lets you run data engineering and analysis alongside ML modeling in a notebook-style format that's familiar, intuitive, and powerful. We're excited to see how our customers use it to run experiments faster."

Snowflake is also adding a Snowpark pandas API (now public preview), enabling Python developers to work with the same pandas syntax they know and love for even more advanced AI and pipeline development, while benefiting from Snowflake's performance, scale, and governance for execution.

Unlock Declarative Development with New DevOps and Observability Capabilities

Snowflake is further delivering developer simplicity with a truly data-centric approach to DevOps, seamlessly integrating development, operations, and data management within a single platform. By defining the desired state of their data pipelines with infrastructure-as-code principles, rather than scripting complex workflows line by line, Snowflake is prioritizing a declarative approach to development with the new Database Change Managemen t (now public preview) feature. In addition, data engineers and developers can now use Snowflake's new Git integration (now public preview) to enhance development collaboration across teams and streamline deployments across different environments, leverage Snowflake's Python API (generally available soon) to efficiently manage resources, use the open source Snowflake CLI (generally available soon) as a single interface to manage CI/CD pipelines, and more.

Snowflake is also unveiling Snowflake Trail, a rich set of observability capabilities that provide enhanced visibility into data quality, pipelines, and applications, empowering developers to monitor, troubleshoot, and optimize their workflows with ease. Snowflake is providing built-in telemetry signals for Snowpark and Snowpark Container Services , enabling users to easily diagnose and debug errors using metrics, logs, and distributed tracing — without having to manually set up agents or transfer data. Additionally, Snowflake Trail is built with OpenTelemetry standards so developers can integrate with popular observability and alert platforms including Datadog , Grafana , Metaplane , PagerDuty , Slack , and more, in addition to working natively in Snowsight. Snowflake also partners with observability platforms such as Monte Carlo and Observe to provide end-to-end observability to customers.

Productize AI-Powered Apps, and Build Your Business Faster in the AI Data Cloud

According to a recent IDC survey ² , AI Applications is currently the largest category of AI software, accounting for roughly one half of the market's overall revenue in 2023. To help businesses further build and deliver these sophisticated applications, Snowflake is announcing the Snowflake Native App Framework integration with Snowpark Container Services (now public preview on AWS). The integration enables organizations to extend the breadth and variety of applications they build in the AI Data Cloud using configurable GPU and CPU instances to fit a range of use cases spanning computer vision automation, geospatial data analysis, ML applications for enterprises, and more.

Application developers can build their AI-powered Snowflake Native Apps once, and then deploy and distribute them across clouds and regions to thousands of Snowflake customers through Snowflake Marketplace , with over 160 total Snowflake Native Apps ³ already available today. Many of the world's largest organizations rely on Snowflake Marketplace as their distribution platform for unlocking entirely new revenue streams, distributing their Snowflake Native Apps, and accelerating monetization and procurement of those apps. In addition, hundreds of startups are choosing to build their entire businesses on Snowflake, with a handful of providers including Maxa, My Data Outlet , and RelationalAI earning millions from their apps by distributing them on Snowflake Marketplace.

"Since releasing our Snowflake Native App built with Snowpark Container Services, we have seen a fivefold increase in customer interest and our sales process has become much more streamlined," says Molham Aref, Founder and CEO of RelationalAI . "What used to take several months with architecture, security, and procurement reviews, now takes mere days, and the ability to monetize our Snowflake Native App on Snowflake's platform through the Marketplace Capacity Drawdown program will further accelerate our customer engagements. Our partnership with Snowflake is providing incredible customer value and enables organizations like Cash App to gain important insights from their data in ways that were not possible before."

Continued Innovation at Snowflake Summit 2024

Snowflake also announced new advancements to Snowflake Cortex AI and Snowflake ML that unlock the next wave of enterprise AI for customers; new innovations to its single, unified platform that provide thousands of organizations with increased flexibility and interoperability across their data; 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 developers are building data pipelines, applications, and ML models in this blog post .
Learn how Snowflake is expanding the types of applications that can be built, deployed, and distributed in the AI Data Cloud in this blog post .
Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter / X .

1. Seven day average as of April 30, 2024.
2. IDC report, Worldwide Artificial Intelligence Software Forecast, 2023–2027 (IDC #US50027023).
3. As of April 30, 2024.

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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604858708/en/

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

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nyse:snow

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.