Enterprise Technology

Snowflake's BUILD London 2026 conference demonstrated AI capabilities including Cortex functions and agent evaluations as cloud providers compete for European enterprise adoption. HSBC and Lloyds represent financial institutions migrating to cloud AI platforms. Analysts signal continued AI infrastructure investment with Wolfe Research naming Nvidia top pick and Morgan Stanley raising ASML targets 40%.

Snowflake unveiled production-ready AI tools at BUILD London 2026, including Cortex AI Functions, Notebooks GA, and Agent Evaluations, targeting European enterprises in regulated sectors. The launch mirrors aggressive AI platform expansions by AWS Bedrock, Google Cloud Vertex AI, and Azure AI as cloud vendors compete for enterprise AI workloads. European financial institutions including HSBC, BNP Paribas, and Citigroup are early adopters of embedded agentic capabilities.