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Stock impact report

Elastic Introduces Best-in-Class Embedding Models for High Performance Semantic Search

Elastic N.V. Ordinary Shares (ESTC) 
Last elastic n.v. ordinary shares earnings: 2/26 04:10 pm Check Earnings Report
Company Research Source: Business Wire
New Jina AI small language models deliver unmatched quality and efficiency on search and semantic tasks SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced the availability of jina-embeddings-v5-text, a family of two small, Elasticsearch-native multilingual embedding models at 0.2B and 0.6B parameters that deliver state-of-the-art performance across key search and semantic tasks.Despite their compact size, they outperform significantly larger models with 7B to 14B parameters and achieve best-in-class results on the MMTEB (Multilingual MTEB) benchmark among models of comparable size and purpose. Their small footprint enables outstanding hybrid search at lower infrastructure cost, faster query response, and new deployment scenarios where memory and compute budgets are tight - including edge devices and resource-constrained environments.jina-embeddings-v5-text are available through multiple channels: as open-weight models on HuggingFace for sel Show less Read more
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