What’s Going On With Snowflake Stock On Thursday?

What’s Going On With Snowflake Stock On Thursday?

What’s happening with snowflake stock on Thursday?

Data bricks announced the open source of its three-year-old Unity Catalog platform at its annual Data and AI conference summit.

The previously proprietary platform will now be available under an Apache 2.0 license, allowing other companies to use and modify the underlying architecture and code without incurring fees.

The Unity catalog will also include an OpenAPI specification, server and clients, allowing businesses to access and manage their data and AI assets without vendor lock-in.

This important advancement from Databricks allows organizations to use the Unity catalog with their favorite tools, including a broad ecosystem of Delta Lake and Apache Iceberg-enabled query engines, VentureBeat. reports.

This comes shortly after Databricks competitor, Snowflake Inc (NYSE:SNOW), presented its open catalog implementation, Polaris Catalog, which will be open source over the next 90 days. Snowflake stock is trading lower on Thursday.

Open APIs in the Unity catalog ensure compatibility with leading cloud platforms such as Microsoft Azure, AWS, GCP and Salesforce and compute engines such as Apache Spark, Presto, Trino and others.

Snowflake fights against scrutiny after data breaches affecting major clients like Santander Bank and Ticketmaster.

Alphabet Inc. (NASDAQ GOOG) (NASDAQ:GOOGLE) Mandiant, a cybersecurity subsidiary, has identified a threat campaign targeting Snowflake customer database instances for steal data and extort victims.

Price Action: SNOW shares were trading down 2.23% at $127.43 at last check Thursday.

Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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