Elastic Reports 8x Speed and 32x Efficiency Gains for Elasticsearch and Lucene Vector Database [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 26, 2024 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 possible Accelerated 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 search performance optimization Maximized memory efficiency with scalar quantization , sla
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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