SEATTLE - Teradata Corp (NYSE: NYSE:TDC) has announced the private preview of its AI/ML workload, Teradata AI Unlimited, now integrated with Microsoft (NASDAQ:MSFT) Fabric. This collaboration aims to provide data scientists and developers with frictionless, on-demand access to AI tools and capabilities within the Microsoft ecosystem, simplifying the transition from idea generation to production.
Teradata AI Unlimited is designed to alleviate concerns over cost overruns by offering a pay-as-you-go model within Microsoft Fabric. The service includes ClearScape Analytics, which allows users to explore and create AI models and visualizations with ease. The embedded notebook and preloaded use cases are intended to demonstrate the platform's capabilities, such as financial customer journey analysis, customer behavior analysis, and customer segmentation.
The software's deployment within Microsoft Fabric is said to reduce user-adoption friction by eliminating the need for initial configuration. It also enables users to add new notebooks and explore analytic use cases more efficiently. Teradata's AI Unlimited can be used alongside native Fabric engines and can access data in Microsoft Fabric OneLake.
Dipti Borkar, Vice President & General Manager at Microsoft, highlighted the benefits of deploying analytics from both Teradata and Microsoft, emphasizing the potential for rapid AI experimentation and insight delivery.
Teradata AI Unlimited in Microsoft Fabric is scheduled to be available for private preview in June 2024. The announcement was made at the Microsoft Build conference and follows Teradata's original partnership with Microsoft, which began at Microsoft Ignite in Q4 2023.
Teradata emphasizes its commitment to fostering AI innovation within the developer community, with Senior Vice President of Product Management, Daniel Spurling, expressing pride in delivering on their joint effort with Microsoft.
InvestingPro Insights
As Teradata Corp (NYSE: TDC) gears up to revolutionize AI and ML workloads through its collaboration with Microsoft, the company's financial health and stock performance provide a backdrop to this technological stride. With a market capitalization of $3.22 billion, Teradata shows a significant presence in the data analytics space. However, the company's stock has experienced volatility, trading near its 52-week low and reflecting a 29.37% decline over the last six months.
InvestingPro data reveals a P/E ratio of 77.79, suggesting that investors are willing to pay a higher price for earnings, potentially due to expectations of future growth. This is supported by an InvestingPro Tip indicating that net income is expected to grow this year. The company's valuation also implies a strong free cash flow yield, which could be an attractive point for investors looking for companies with the potential to generate cash.
Another InvestingPro Tip to consider is that management has been aggressively buying back shares, which could be a signal of confidence in the company's future prospects. For readers interested in a deeper dive into Teradata's financials and stock performance, there are additional InvestingPro Tips available at https://www.investing.com/pro/TDC. To gain access to these insights and more, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 15 more InvestingPro Tips listed that could provide further clarity on Teradata's market position and investment potential.
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