Let it Snow, Let it Snow, Let it Snow

Let it Snow, Let it Snow, Let it Snow

07 July 2023

Key Indicators

Index / Fund / Rate Start of Year Last week This Week % change YTD
Lunar BCI WW Flexible Fund 141.43 173.23 173.98 23.01%
JSE ALSI 73 049 75 961 74 443 1.91%
NASDAQ Composite 10 467 13 788 13 661 30.51%
S&P 500 3 840 4 450 4 399 14.56%
Prime Lending Rate 10,50% 11.75% 11.75% 11.90%
USD/ZAR 16,98 18.86 18.88 11.19%
EUR/ZAR 18,44 20.57 20.72 12.36%
Brent Crude ($’barrel) 85,95 75.16 76.50 -10.99%

Source: Iress

Weekly Stocktake with Danyaal

Let it Snow, Let it Snow, Let it Snow

Despite the snowfall across SA on Monday, our focus shifts to a different kind of snow at Lunar Capital: a business called Snowflake. Snowflake is a cloud-based data-warehousing company. They specialise in the storage, cleaning and management of propriety and public data in the cloud. Considering the vast quantities of data accumulated by companies during their regular operations, Snowflake effectively allows the companies to analyse their business more thoroughly. Additionally, Snowflake provides a platform for companies to offer their data for sale to other customers.

To fully leverage the potential of data, businesses often require the expertise of specialized professionals like data analysts. However, Snowflake, at the end of last month, revealed its partnership with Nvidia. Nvidia will provide accelerated computing chips to enhance the computing  power within Snowflake’s data warehouses. This collaboration will enable Snowflake to integrate large language models (LLM) into their products, enabling users to interact with the data in a more conversational manner. This approach will resemble the experience of asking questions to platforms like ChatGPT. By incorporating this technology, Snowflake could empower individuals and businesses to engage with their data using a natural and intuitive conversational style.

Nevertheless, there is still a significant journey ahead. Presently, businesses pose increasingly complex questions to their data, a process that can consume several weeks to months for teams to obtain meaningful answers. It is not as straightforward as merely integrating a large language model (LLM) onto the existing data infrastructure and letting it operate autonomously. The LLM must be carefully customized to fit Snowflake’s unique data system, ensuring that users can extract the same level of valuable insights from the data as they could before. This tailored integration is crucial to optimize the capabilities of Snowflake and empower users with enhanced data analysis and interpretation.

Snowflake and Nvidia are held in the Lunar BCI Worldwide Flexible fund. They are also held by the Lunar Capital Offshore Portfolio Clients.

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Lunar Capital on Eastwave Radio

Every Tuesday, at 07h45, Sabir chats with Nazia from Eastwave Radio (92.2 fm, live stream on www.eastwave.co.za) on investing and the markets.

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Lunar Capital (Pty) Ltd is a registered Financial Services Provider. FSP (46567)
Read our full Disclosure statement: https://lunarcapital.co.za/disclosures/
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The Lunar BCI Worldwide Flexible Fund Fact Sheet  can be read here.
This stocktake is prepared for the clients of Lunar Capital (Pty) Ltd. This stocktake does not constitute financial advice and is generated for information purposes only.
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Lunar Capital
on Eastwave Radio

Every Wednesday, at 07h45, Sabir chats with Nazia from Eastwave Radio (92.2 fm, live stream on
www.eastwave.co.za) on investing and the markets.

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