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Google Challenger Neeva Focuses on AI

Neeva announced the termination of the functioning of its consumer search engine and announced its intention to focus the available forces and resources on artificial intelligence.

Google Challenger Neeva Focuses on AI

Source: Pixabay.com

The founders of the company, Sridhar Ramaswamy and Vivek Raghunathan, reported on the company’s blog last weekend about the problems that arise when doing business. According to them, it was very difficult to convince users to use the new search engine even in test mode.

The founders of the company say that the current state of affairs in the technological sphere, changing consumer preferences, and negative economic conditions have created a situation in which there is no opportunity to continue a sustainable business in the field of customer search. As a result of these circumstances, the site neeva.com and the consumer search product will be closed. After that, the company will begin implementing efforts to start operations in a new industry for itself.

Now the firm is studying ways to apply the existing experience in the field of Internet search and large language models. In a message published on the blog, it is indicated that the company has previously implemented technological solutions in small models that provide the possibility of cheap deployment and reduced latency.

The start of Neeva’s activities in a new field corresponds to the global trend that many companies are integrating AI into their products. At the same time, governments around the world are trying to solve the issue of regulating the process of development and large-scale dissemination of advanced technologies.

For example, on May 17, Amazon unveiled four new devices for its Alexa-based Echo smart product line – Echo Pop, Echo Show 5, Echo Show 5 Kids, and Echo Buds. Rohit Prasad, senior vice president, and chief scientific officer of Alexa, says that there are currently more than 500 million devices with support for this intelligent assistant, the use of which increased by 35% in 2022.

Dave Limp, Amazon’s senior vice president of devices and services, said that the digital assistant used LLMS to summarize text materials obtained from the Internet and improve language proficiency.

Thanks to new technological solutions, the retailer has reached the same level as OpenAI, Microsoft, Google, and others in terms of competitiveness in the field of generative artificial intelligence.

 

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.