Elastic Reports 8x Speed and 32x Efficiency Gains for Elasticsearch and Lucene Vector Database
Elastic N.V. Ordinary Shares (ESTC)
Last elastic n.v. ordinary shares earnings: 2/26 04:10 pm
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Source: Business Wire
The world’s most downloaded vector database is used by customers to store and search billions of vector embeddings SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the company behind Elasticsearch®, today announced new vector database performance gains with Elasticsearch and Apache Lucene, with up to 8x speed and 32x efficiency. These advancements provide developers with the most flexible and open tools needed to keep up with rapid generative AI innovation.New optimization strategies and enhancements driving the increased gains in Elasticsearch and Apache Lucene include*:Multi-threaded search capabilities run searches in independent segments, minimizing response times, ensuring users receive their search results as swiftly as possibleAccelerated multi-graph vector search and information exchange among segment searches, reducing query latencies up to 60%Panama Vector API Integration enabling Java code to interface seamlessly with SIMD instructions, unlocking a new era of vector
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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