Joining forces! Snowflake (SNOW.US) and Palantir (PLTR.US) reach cooperation to jointly develop a new blueprint for AI data cloud.

On Thursday, Snowflake (SNOW.US) and Palantir (PLTR.US) announced a collaboration to integrate Snowflake's artificial intelligence (AI) data cloud with Palantir's AI platform. Boosted by this news, Snowflake's stock price rose by over 7% in pre-market trading, while Palantir's stock price also rose by 1.3%. Through this partnership, commercial and public sector clients will have access to more efficient and reliable data pipelines, allowing them to quickly access data analytics and AI applications. As a mutual client, Eaton Corp. Plc (ETN.US) stated that this collaboration will help eliminate data redundancy and accelerate the development of AI applications. This power management company is one of the first companies to benefit from the collaboration. Mike Gannon, Chief Revenue Officer of Snowflake, said in a statement: "Combining the strengths of Palantir and the Snowflake platform is a natural choice, aimed at reducing obstacles for customers in deploying intelligent applications. We provide customers with the solutions they need right now to stay at the forefront of AI innovation; at the same time, we are committed to working closely with the Palantir team to help customers fully leverage the potential of data and AI and prepare for future development." Palantir executive Ted Mabrey added: "First-class interoperability will create greater value for customers. We look forward to building the future with Snowflake and Eaton Corp. Plc has set a benchmark image for AI-driven future enterprises."