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Market
Which vector database will lead by market share by end of 2024?
4
Resolution / Starting Odds
pgvectorscale • 25%
Pinecone • 25%
Milvus • 25%
Weaviate • 25%
Industry market share reports
Story
TimescaleDB Launches pgvectorscale: Enhances PostgreSQL Performance, 75% Cheaper
Jun 11, 2024, 06:00 PM
TimescaleDB has introduced pgvectorscale, an open-source PostgreSQL extension that enhances the performance and scalability of pgvector. This new extension allows PostgreSQL to outperform specialized vector databases like Pinecone, being 75% cheaper and 100% open-source. Vector databases, essential in AI, handle high-dimensional vectors, making them ideal for tasks such as image recognition, recommendation systems, and natural language processing. The versatility of vector databases extends to genomics, sensor data, and any domain where data can be represented as vectors.
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