[HN Gopher] Neeva Acquired by Snowflake
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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!
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(page generated 2023-05-24 23:00 UTC)