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Weekly News Digest
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May 23, 2023 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today.
CLICK HERE to view more Weekly News Digest items.
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Neeva Search Engine to Shut Down; Company to Pivot
The Neeva search engine announced that it is shutting down on June 2, 2023. Its founders shared the following in a message on its website:In early 2022, the upcoming impact of generative AI and LLMs [large language models] became clear to us. We embarked on an ambitious effort to seamlessly blend LLMs into our search stack. We rallied the Neeva team around the vision to create an answer engine. We are proud of being the first search engine to provide cited, real-time AI answers to a majority of queries early this year. But throughout this journey, we’ve discovered that it is one thing to build a search engine, and an entirely different thing to convince regular users of the need to switch to a better choice. From the unnecessary friction required to change default search settings, to the challenges in helping people understand the difference between a search engine and a browser, acquiring users has been really hard. … These headwinds, combined with the different economic environment, have made it clear that there is no longer a path towards creating a sustainable business in consumer search. As a result, over the next few weeks, we will be shutting down neeva.com and our consumer search product, and shifting to a new area of focus. … Over the past year, we’ve seen the clear, pressing need to use LLMs effectively, inexpensively, safely, and responsibly. Many of the techniques we have pioneered with small models, size reduction, latency reduction, and inexpensive deployment are the elements that enterprises really want, and need, today. We are actively exploring how we can apply our search and LLM expertise in these settings. … For more information, read the announcement.
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Brandi Scardilli
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