AI News: Snowflake AI Launches Nov 4, Anthropic, OpenAI, Nvidia

Concerns about an AI bubble are growing, with US stock futures falling and Wall Street strategists raising alarms over high technology company valuations. Goldman Sachs and Morgan Stanley CEOs have also voiced worries, leading to investor anxiety. India, whose stock market has not kept pace with the global rally, hopes to attract investment if a global AI bubble bursts, potentially benefiting fast-growing Indian companies. Meanwhile, the AI boom is driving significant developments and challenges across various sectors. Snowflake Inc. made its enterprise AI agent, Snowflake Intelligence, generally available on November 4, 2025. This platform helps financial institutions ensure high-quality, governed data for AI, allowing employees to use natural language queries instead of code. It integrates with large language models from partners like Anthropic and OpenAI, and its Agent GPA framework catches up to 95% of text-to-SQL errors. Snowflake also acquired True Era to bolster responsible AI and data governance, with upcoming features like AI Redact and Cortex Code. Anthropic, for its part, committed to preserving the weights of all publicly released and internally used Claude AI models for the company's lifetime. They plan to create post-deployment reports for deprecated models, including interviews with the AI, as seen in a pilot with Claude Sonnet 3.6. In infrastructure, IBM Fusion now powers a new NVIDIA AI Data Platform at UT Southwestern Medical Center, facilitating large-scale AI training and complex data processing for medical research, drug discovery, and AI-driven patient avatars. Concurrently, China is offering substantial power subsidies, covering up to 50% of electricity costs, to major tech companies like ByteDance, Alibaba, and Tencent for using homegrown AI chips from companies like Huawei and Cambricon, explicitly excluding facilities using NVIDIA's advanced chips due to US export restrictions. The increasing demand for AI is also impacting energy consumption, with US utility companies spending heavily as electricity bills jump 10% in over a dozen states, making rising power costs a potential issue in next year's midterm elections. On the employment front, AI is leading many companies to cut entry-level jobs, prompting more students to pursue trade skills. In healthcare, AI is being deployed to screen for tuberculosis in remote areas and to improve the detection of obstructive sleep apnea, particularly in women, at institutions like Mayo Clinic, which used AI to review ECG results from 11,299 patients. Across all these advancements, information governance remains critical for successful AI projects, emphasizing data lineage, alignment between data and AI models, and managing access controls to prevent improper data exposure.

Key Takeaways

• US stock futures fell due to concerns over high AI stock valuations, with Goldman Sachs and Morgan Stanley CEOs expressing worries about a potential AI bubble.
• India hopes to attract global investment into its stock markets if a global AI bubble bursts, potentially benefiting fast-growing Indian companies.
• Snowflake Intelligence, an enterprise AI agent, became generally available on November 4, 2025, enabling financial institutions to use natural language queries with data and integrating with Anthropic and OpenAI LLMs.
• Snowflake acquired True Era to enhance responsible AI and data governance, and its Agent GPA framework catches up to 95% of text-to-SQL errors.
• Anthropic committed to preserving the weights of all publicly released and internally used Claude AI models for its lifetime, including post-deployment reports for deprecated models like Claude Sonnet 3.6.
• IBM Fusion powers a new NVIDIA AI Data Platform at UT Southwestern Medical Center for large-scale AI training, supporting medical research and AI-driven patient avatars.
• China is subsidizing local AI chips from companies like Huawei and Cambricon with up to 50% electricity cost coverage for data centers, excluding facilities using NVIDIA chips due to US export restrictions.
• The AI boom is increasing electricity demand, causing US utility companies to spend significantly and average electricity bills to jump 10% in over a dozen states.
• AI is leading to cuts in entry-level jobs, prompting more students to pursue trade skills.
• AI is being used in healthcare for tuberculosis screening and to improve obstructive sleep apnea detection in women, as demonstrated by Mayo Clinic's study of 11,299 patient ECGs.

US Stock Futures Drop Amid AI Bubble Fears

US stock futures fell on Tuesday morning. Investors are worried about the high prices of artificial intelligence stocks. This concern raises the risk of an AI bubble forming in the market.

India Hopes for Investment if Global AI Bubble Bursts

A possible global AI bubble burst could help bring money into Indian stock markets. Indian stocks have not kept up with the global rally this year, partly because India lacks pure AI companies. Kotak Institutional Equities believes India might attract global investors if money leaves expensive AI stocks. Some fast-growing Indian companies, even with weaker cash flows, could then get funding.

Stocks Decline as Investors Doubt Tech Company Values

Stocks dropped on Tuesday after Wall Street raised alarms about a market selloff. Investors are increasingly worried that technology company valuations are too high. CEOs from Goldman Sachs and Morgan Stanley have also expressed concerns. An investment strategist noted that investors tend to sell their stocks when they become anxious.

Snowflake Intelligence Helps Banks Trust AI Data

Snowflake Intelligence is a new enterprise AI agent designed to help financial institutions. It focuses on improving AI effectiveness by ensuring high-quality and governed data. Rinesh Patel, Snowflake's Global Head of Financial Services, explained that AI's power depends on the data it uses. The platform, now generally available, allows employees to talk to their data using natural language queries instead of code. It uses large language models from partners like Anthropic and has an Agent GPA framework to catch up to 95% of text-to-SQL errors. Snowflake also acquired True Era to strengthen its focus on responsible AI and data governance.

Snowflake Launches New AI Tools for Data Analysis

Snowflake Inc. announced the general availability of Snowflake Intelligence on November 4, 2025. This new AI analytical agent is part of a wave of products designed to help employees get insights from company data without writing code. Users can ask questions in natural language, and the system generates and runs SQL queries, integrating with partners like Anthropic PBC and OpenAI LLC. Snowflake also introduced developer tools like Cortex Agents and a Model Context Protocol Server. Upcoming features include AI Redact for sensitive data and Cortex Code, an AI assistant for query optimization.

AI Leads Companies to Cut Entry-Level Jobs

Many companies are now cutting entry-level jobs because of artificial intelligence. FOX Business correspondent Madison Alworth reported on this trend. As a result, more students are choosing to learn trade skills.

China Subsidizes Local AI Chips for Tech Giants

China is offering large power subsidies to major tech companies like ByteDance, Alibaba, and Tencent. This move aims to speed up the use of homegrown AI chips and lessen reliance on US technology. Local governments in Gansu, Guizhou, and Inner Mongolia are covering up to 50% of electricity costs for data centers using Chinese AI processors from companies like Huawei and Cambricon. These incentives do not apply to facilities still using Nvidia's advanced chips, which face US export restrictions. The subsidies help offset higher power costs from using less energy-efficient domestic alternatives, showing Beijing's strong commitment to technological independence.

Health Clinics Use AI to Screen for Tuberculosis

Tuberculosis is the deadliest infectious disease worldwide. Detecting it can be hard in remote and war-torn areas. To help with this, some health clinics are now using artificial intelligence to screen for the illness. This new approach aims to improve detection in challenging locations.

Mayo Clinic Uses AI to Improve Sleep Apnea Detection in Women

Mayo Clinic experts are using AI to better find obstructive sleep apnea, especially in women. Dr. Virend Somers, a Mayo Clinic cardiologist, led a study that used AI to review ECG results from 11,299 patients. The study found that OSA was more visible on ECGs in women, even when their condition was less severe. This is important because women often face greater heart risks from OSA. The AI tool could also help evaluate if sleep apnea treatments reduce heart problems.

IBM Fusion Powers NVIDIA AI Platform at UT Southwestern

IBM Fusion is enabling a new NVIDIA AI Data Platform implementation for agentic AI. UT Southwestern Medical Center is the first client to use this system, which helps with large-scale AI training and complex data processing. IBM Fusion's content-aware data services work with NVIDIA's AI infrastructure to prepare data for AI agents, providing quick business insights. This platform supports various medical research uses, including speeding up drug discovery and creating AI-driven patient avatars for clinical training. Sam Werner from IBM Storage and Anne Hecht from NVIDIA highlighted how this collaboration helps unlock hidden insights from data.

Anthropic Commits to Preserving AI Model Data

Anthropic announced commitments regarding the deprecation and preservation of its Claude AI models. The company recognizes that retiring models has downsides, including potential safety risks and costs to users who value specific model characteristics. Keeping all past models publicly available is currently too complex and expensive. Anthropic will preserve the weights of all publicly released and internally used models for the company's lifetime. Additionally, when models are deprecated, Anthropic will create a post-deployment report, including interviews with the model about its experiences and preferences. A pilot with Claude Sonnet 3.6 showed neutral sentiments but requests for a standardized interview process.

US Utilities Spend Big as AI Boosts Power Demand

US utility companies are spending a lot of money as the AI boom increases electricity demand. This surge in demand has caused average electricity bills to jump 10% over the past year in more than a dozen states. Southern Company has spent $8.2 million on lobbying this year, and Edison Electric Institute spent $7 million. Rising power bills are expected to be a major issue in next year's midterm elections.

Information Governance Key for Successful AI Projects

As businesses adopt artificial intelligence, information governance programs must change. Information governance professionals have a chance to shape how AI is used and managed. It is crucial to understand the purpose of AI and what data it will use, as AI projects are essentially data projects. Many AI projects fail because the necessary data is not ready or organized. To succeed, organizations must focus on five key factors: data lineage, alignment between data and AI models, and managing access controls to prevent improper data exposure.

Sources

• U.S. Stock Futures Fall on Concerns over an AI Bubble
• Global AI Bubble Burst May Aid Flows Into Indian Equities
• Stocks slide as investors question tech valuations
• Snowflake Intelligence Takes Aim at Banking’s AI Trust Gap
• AI analytical agent caps a wave of new and enhanced Snowflake products
• Companies eliminate entry-level jobs due to AI
• China offers big power subsidies to boost local AI chips at ByteDance, Alibaba, Tencent
• Why some health clinics are turning to AI to screen for tuberculosis
• How Mayo Clinic experts are using AI to better detect sleep apnea, especially in women - Mayo Clinic News Network
• IBM Fusion Delivers Pioneering Implementation of NVIDIA AI Data Platform for Agentic AI
• Commitments on model deprecation and preservation
• U.S. utilities are spending big with AI boom driving up demand
• Intersection of AI and IG: Getting the Data in Order