AI Play Snowflake, With An Outstanding 95-Plus Composite Rating, Joins Ranks Of Top 5% Stocks
Cloud data warehousing stock Snowflake is among the fast rising group of leading-edge AI stocks. It's kind of a big deal because market research shows that top market performers tend to have a 95 or higher Composite score as they launch their major climbs. Bozeman, Mont.-based Snowflake hosts a variety of things in its cloud, including artificial-intelligence powered analytics, data engineering, apps and a place for collaboration.
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Hackers leak 86 million AT&T customer records with 44 million social security numbers, report says
If you are one of the more than 100 million people who use AT&T, you might want to take stock of your data. Hackers said they accessed and leaked millions of AT&T customers' private information after the ShinyHunters group allegedly stole the data in April 2024, according to a new report from Hack Read. The report claimed some 86 million AT&T customer records have been leaked, including full names, dates of birth, phone numbers, email addresses, physical addresses, and social security numbers. In total, Hack Read reported that 44 million social security numbers were included in the leaked data. The social security numbers and birth dates were encrypted in the original hack by the ShinyHunters group, a leak that was made possible by security flaws in the Snowflake cloud data platform, as Mashable previously reported. Now, Hack Read has reported that this sensitive data is now decrypted. We asked AT&T about the reported leak of their customer data. An AT&T spokesperson told Mashable in a statement that "it is not uncommon for cybercriminals to re-package previously disclosed data for financial gain." "We are aware of claims that AT&T data is being made available for sale on dark web forums, and we are conducting a full investigation," the spokesperson added. So, if you're an AT&T customer, this means your valuable private data could be part of this new leak. However, if your data was exposed in this leak, it was likely — although not certainly — already exposed in the August 2024 National Public Data breach. Mashable previously reported on this breach, which exposed "three decades' worth of Social Security numbers on the online black market." You can find out if your data was exposed in that breach by using a tool from Pentester, a cybersecurity firm, to check. Visit enter your information, and see your list of breached accounts.
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Salesforce, Databricks And Snowflake $9.3B In Data Deals May Not Pay Off
Before launching artificial intelligence agents, businesses want control over their data. Despite catch up acquisitions, Salesforce, Databricks, and Snowflake could lose that race to EnterpriseDB. Prayer flags on display in a new installation by Jim Campbell, the artist behind "Day for Night," ... More the video show atop Salesforce Tower, after he changed the imagery to deal with the coronavirus pandemic in San Francisco, Calif., on Wednesday, April 1, 2020. At 7 p.m. it will join the clapping hands movement for medical personnel fighting Covid 19. Then it shifts to prayer flags, waving Buddhist imagery. (Photo By Carlos Avila Gonzalez/The San Francisco Chronicle via Getty Images) Salesforce will pay $8 billion to buy data management provider Informatica Databricks will buy database startup Neon for $1 billion Snowflake to acquire another database startup Crunchy Data for $250 million Enterprise DB, an open source database provider, is set to launch a system to empower companies to analyze their own data and use it to build and operate AI agents. In the last month, three leading technology companies announced $9.3 billion worth of deals to acquire data management companies in quick succession. These include: Why this flurry of acquisitions? In a nutshell, companies want to control the data they use to build AI agents about which I wrote in my recent book, Brain Rush. 'We surveyed our customers and the number one topic was sovereign artificial intelligence and data,' Enterprise DB CEO Kevin Dallas told me in a June 5 interview. Controlling their own data is essential for making AI agents that are worth the investment. 'Eighty-seven percent of our customers are talking about this topic,' Dallas told me. 'Fifty percent of our customers plan to invest in their data and AI platforms. Data is a deal differentiator — it drives value to the customer and maket is hard for competitors to replicate,' he added. Dallas joined Enterprise DB — a popular database for transaction-intensive industries such as payment systems, flight reservations, and banking — as CEO in August 2023 aiming to deliver what these customers were asking for. With the upcoming launch of Enterprise DB's product, Dallas sees itself getting a jump on Salesforce, Databricks, and Snowflake. 'They will take the next six to 12 months integrating their acquisitions and we are ahead,' Dallas said. Databricks sees great opportunity ahead from its Neon acquisition. That's because customers are eager to create agents and need to build databases to handle all the data those agents require. 'Pretty much every customer we have is super excited and wants to leverage agents,' Databricks co-founder and CEO Ali Ghodsi told the Journal. Neon's Postrgres technology is a popular way for developers to build those databases, he added. Salesforce — whose shares have fallen 18% this year — is enthusiastic about its partnership with Informatica. By combining Informatica's data management expertise with Salesforce's Agentforce and Data Cloud services, the deal will create the 'most complete, agent-read data platform in the industry', Salesforce CEO Marc Benioff told IT Pro. Snowflake — which has enjoyed a 34.4% stock price appreciation this year — is bullish on the deal's. Crunchy Data will be part of Snowflake Postgres.'The vision here is that Snowflake Postgres will simplify how developers build, deploy and scale agents and apps,' Snowflake senior vice president of engineering Vivek Raghunathan told the Journal Analysts have a mixed view of this acquisition — seeing potential benefits for customers while posing significant integration challenges. Some see the acquisition as helping enterprise users to implement AI agents more quickly. Salesforce customers will be able to access and use customer data — within Salesforce or external systems — to deliver 'actionable insights across every channel and touchpoint,' Forrester Analyst Noel Yuhanna told VentureBeat. 'Critically, it accelerates Salesforce's ability to deploy agentic AI, enabling low-code, low-maintenance AI solutions that reduce complexity and dramatically shorten time to value,' he added. This acquisition will ultimately integrate the capabilities required to build effective AI agents. 'A successful agent strategy depends on the integration of three domains: models, applications and data,' BARC vice president of research Kevin Petrie told VentureBeat. 'Salesforce gains significant strength in the data realm, especially metadata and cataloging, through this acquisition.' The integration problems stem from the overlap between data management and integration tools from Informatica and roughly the same technology from MuleSoft — which Salesforce acquired in 2018, noted ITPro. 'Most enterprises are going to need one platform, for application and data integration,' CEO of SnapLogic and co-founder of Informatica Gaurav Dhillon told ITPro. 'But on the other hand, it will likely create massive turmoil for Informatica (and MuleSoft) customers. That turmoil is inevitable when two legacy integration platforms like MuleSoft and Informatica have to be squeezed down to one; to truly get a grip on important business data about customers, suppliers and markets. This integration could be a 'slow, painful process' that takes years, even if all goes to plan,' he added. The merger of these two companies will help companies build AI agents more quickly. 'Right now, there's no place to be able to track the entire trajectory of software development agents,' app-development startup Replit CEO Amjad Masad told the Journal. 'Databricks' Neon acquisition will make it easier for Replit to manage its agent-building capabilities. We're dying not to have to build everything ourselves,' he added. Since more than 80% of Neon's databases are built automatically rather than by human database administrators, the technology will help enterprises build AI agents more efficiently. 'Neon's serverless autoscaling approach to PostgreSQL is important for AI because it allows agents and AI projects to grow as needed without artificially coupling storage and compute needs together,' said Amalgam Insights CEO and Chief Analyst Hyoun Park, noted VentureBeat. Snowflake's acquisition of Crunchy Data is 'a defensive and offensive maneuver,' noted Futurum Group. 'By moving decisively to own Postgres talent and IP, Snowflake is making a clear statement: the battle for enterprise AI will be won not only with large language models and analytics alone but with the ability to supercharge these technologies,' Futurum Group added. Enterprise DB is growing revenue faster than 20% annually, Dallas said. He envisions the company's upcoming product launch as delivering what customers need. 'We are very clear on what our platform must deliver. Companies want open source (Postgres); transaction, analytics, and AI capabilities, a single pane of glass through which to view their large data estates, shorter time to implement AI agents, and the power to decide where the company runs its agentic AI applications,' he added. Enterprise DB says it is ahead of the competition. 'We are six to 12 months ahead of the market in an AI first, sovereign first world. We have put in a lot of work. Now we get to enjoy. It will be exciting,' Dallas concluded. I look forward to seeing whether any of these rivals can help turn agentic AI into the first killer app for generative AI.
