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Neeva

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technology1 year ago

"Insights into Google's Business Tactics and Legal Battles with DuckDuckGo and Neeva"

A court filing in the U.S. Department of Justice’s case against Google reveals details about competitors like DuckDuckGo and Neeva. Google's filing documents the history of search competition, including the inner workings and revenue of these startups. It attempts to paint DuckDuckGo as a company that prioritized returning investment to shareholders over search innovation, while also highlighting Neeva's struggle to compete with free search. The filing aims to prove that people choose Google's search engine because it's better and more innovative, not because of its monopoly share.

via TechCrunch|
#court-filing#duckduckgo#google
business2 years ago

Snowflake CEO remains optimistic despite lowered forecast and stock plunge.

Despite poor guidance, Snowflake CEO Frank Slootman remains optimistic about the company's future, citing large secular trends and big markets forming. Snowflake reported $624 million in fiscal Q1 revenue, showing 48% YoY growth, but Q2 and full-year guidance fell short of expectations. Slootman also discussed the potential of generative AI for Snowflake, saying the company is rapidly becoming an AI company as well as a data company. Snowflake also announced its acquisition of search startup Neeva.

via CNBC|
#ai#business#data-cloud
technology2 years ago

Snowflake enhances Data Cloud with Neeva's AI-based search capabilities

Cloud data management company Snowflake has acquired search start-up Neeva, which was founded by two former Google employees. Neeva had been working on a standalone generative AI search app called Gist before it shut down its consumer search offering to focus on enterprise products. Snowflake was attracted to Neeva's ability to leverage generative AI in search, which allows users to ask questions and interact with the search tool. The founders of Neeva will now work on building AI search solutions on top of Snowflake's cloud data management solution.

via TechCrunch|
#cloud-data-management#enterprise-search#generative-ai
technology2 years ago

Neeva abandons ad-free search engine for AI and enterprise focus.

Neeva, an ad-free search engine founded by a former Google ad exec, is shutting down due to difficulties in attracting subscribers. The company is now exploring other AI business opportunities and looking to apply its expertise in large language models (LLM) to chatbots and other commercial settings. Neeva will close on 2 June, and users will receive a refund for the unused portion of their subscriptions.

via BBC|
#ad-free#ai#neeva
business2 years ago

Neeva abandons consumer search to focus on AI and enterprise.

Neeva, the ad-free, subscription-only search engine, is shutting down its consumer business due to challenges in attracting new users and the difficult economic environment. The company had raised over $75 million since its inception, but failed to see the growth it had hoped for. Neeva plans to issue refunds to paid subscribers and delete all user data. However, the company is exploring future monetization plans beyond paid subscriptions, including licensing deals to power application search inside enterprises. Neeva's founders are confident that their search and LLM expertise can be applied in enterprise settings and are actively exploring options.

via TechCrunch|
#acquisition#ai#business
technology2 years ago

Neeva, the Ad-Free Search Engine, Shuts Down Consumer Product to Focus on A.I.

Neeva, a startup that aimed to challenge Google's search engine, is shutting down its search engine and pivoting to AI. The co-founders cited the difficulty of convincing users to switch to a better choice as the main reason for the failure. Neeva was a paid product and developed a large language model-based system called Neeva AI. The company may be acquired by Snowflake and will be refunding users for the unused portion of their subscriptions.

via The Verge|
#ai#google#neeva
business2 years ago

Snowflake in talks to acquire Neeva's AI-powered search technology.

Neeva, the privacy-focused search company co-founded by former Google executive Sridhar Ramaswamy, is shutting down its consumer search engine due to difficulty acquiring users and a challenging economic environment. The company will focus on exploring use cases for artificial intelligence, specifically generative AI and large language models in search. Neeva Premium users will receive a refund for the unused portion, and all user data will be deleted. The company will share more about its future plans in the coming weeks.

via CNBC|
#artificial-intelligence#business#consumer-search