[HN Gopher] Neeva Acquired by Snowflake ___________________________________________________________________ Neeva Acquired by Snowflake Author : danielcampos93 Score : 54 points Date : 2023-05-24 20:17 UTC (2 hours ago) (HTM) web link (www.snowflake.com) (TXT) w3m dump (www.snowflake.com) | toomuchtodo wrote: | Related: https://news.ycombinator.com/item?id=36013783 ("We will | be shutting down neeva.com") | dpflan wrote: | The statements says mainly "That's why Snowflake is acquiring | Neeva, a search company founded to make search even more | intelligent at scale. Neeva created a unique and transformative | search experience that leverages generative AI and other | innovations to allow users to query and discover data in new | ways." | | Was Neeva providing useful tooling for this kind of search? I am | unfamiliar with Neeva, never used it before. Is this a really | useful thing or an acquisition for the investors for a startup to | make sure their fund meets a return target? | refulgentis wrote: | Both. It's v. nice to have a package deal of 50 xooglers who | can build a search stack | dpflan wrote: | What kept Neeva from "succeeding" on its own? I know there | were previous discussions, but I am not in a position the | moment to dig in (apologies). | | Is their current technology that good? | refulgentis wrote: | As a Googler...way I see it, too big too quick too much | google and wrong time. Launch a year later and you're legit | have some rocket fuel via LLMs to build something new. | | I never used it till it shut down, and it looks like about | 70% of google to me. That's great, but you gotta avoid the | xoogler trap of rebuilding the 20% of google you want to | fix as a startup. | johnmaguire wrote: | I agree - Neeva was just Google-that-you-pay-for, which | might've worked as a niche... but then LLMs came out and | afaik they didn't do anything to integrate with them. | | It was the wrong product at the wrong time. | gigatexal wrote: | Any word on how much they paid? | WalterSobchak wrote: | Nope.The companies did not reveal the terms of the deal. | aiappreciator wrote: | The stock market reacted quite positively to this acquisition | (Basically confirmed a few days ago). Buying a soon-bankrupt | startup is very cheap, and getting a strong tech stack and | already formed team with strategic synergies with the main | business is going to be valuable. | | This is contrasted with panic acquisitions like say Adobe & | Figma. | CharlesW wrote: | > _The stock market reacted quite positively to this | acquisition..._ | | How is Snowflake stock dropping 12% "reacting quite | positively"? | nycdatasci wrote: | Parent mentions this was basically confirmed a few days ago. | Today's drop is related to earnings. | esafak wrote: | So who's going to Snowflake, and who's going to their other, web3 | company, nxyz? | gizmodo59 wrote: | Being in enterprise software I have heard AI/Generative AI so | many times since chatgpt became mainstream. Every fortune company | I have spoken to wants to get on this train. | candiddevmike wrote: | Snowflake seems like it's been losing relevance ever since | Clickhouse became more popular. Seems like they're struggling to | maintain performance vs the other competitors out there. Not sure | how this acquisition will help here. I don't think decoupling | storage and compute was a good bet in the long run. | quadrature wrote: | Thats interesting, i don't see these as occupying the same | space. Clickhouse is in the space of realtime analytics and | Snowflake is a data warehouse. Although you could use | Clickhouse for similar things it will fail at doing large | distributed joins and similarly Snowflake will have trouble | meeting a subsecond SLO. | | also FWIW Clickhouse's cloud offering also decouples storage | and compute using an object store, but they found a good | middleground where they keep local caches of hot data. | riku_iki wrote: | > doing large distributed joins | | but ch supports large distributed joins?.. | berkle4455 wrote: | ch cluster works just fine on large distributed joins? | fhoffa wrote: | "More popular"? Citation needed, please. | | In terms of measuring popularity, I love | | https://db-engines.com/en/ranking | | Google Trends is interesting too | | https://trends.google.com/trends/explore?date=2021-04-24%202... | | Disclosure: I work for Snowflake | vgt wrote: | don't disagree with what you said, but your Google Trends | argument has a big asterisk against it - right in the page it | says "This comparison contains both Search terms and Topics, | which are measured differently. LEARN MORE" | CharlesW wrote: | Microsoft is also taking shots across Snowflake's bow with | solutions like Microsoft Fabric. | scrum-treats wrote: | Power play. Excited to see what's next! ___________________________________________________________________ (page generated 2023-05-24 23:00 UTC)