Elastic Adds Support for Cohere High-Performance Embeddings [Yahoo! Finance]
Elastic N.V. Ordinary Shares (ESTC)
Last elastic n.v. ordinary shares earnings: 2/26 04:10 pm
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Source: Yahoo! Finance
SAN FRANCISCO, April 03, 2024 BUSINESS WIRE Elastic (NYSE: ESTC), the company behind Elasticsearch®, today announced the Elasticsearch open Inference API now supports Cohere's text embedding models. This includes Elasticsearch native support for efficient int8 embeddings, which optimize performance and reduce memory cost for semantic search across the large datasets commonly found in enterprise scenarios. With this integration, Elasticsearch developers can experience immediate performance gains, including up to 4x memory savings and up to 30% faster search, without impacting search quality. "We're excited to collaborate with Elastic to bring state-of-the-art search solutions to enterprises," said Jaron Waldman, chief product officer at Cohere. "Elasticsearch delivers strong vector retrieval performance on large datasets, and their native support for Cohere's Embed v3 models with int8 compression helps unlock gains in performance, efficiency, and search quality for enterprise-grad
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ESTC
Earnings
- 2/29/24 - Beat
ESTC
Sec Filings
- 3/29/24 - Form 4
- 3/28/24 - Form 4
- 3/27/24 - Form 144
- ESTC's page on the SEC website