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Market
Will Pinecone's user base double by the end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Company reports or industry analysis reports
Story
Pinecone Launches Serverless Vector Database, Adopted by 20,000 Companies at 50x Lower Cost
May 21, 2024, 01:15 PM
Pinecone has launched its serverless vector database out of preview, making it generally available. This new offering allows for the building of fast and accurate AI applications for mission-critical workloads at up to 50 times lower cost. Since its public preview, more than 20,000 companies have started using Pinecone Serverless, creating over 12 billion embeddings. The launch marks a significant transformation in the vector database landscape, with Pinecone positioning itself as a key player in the AI application memory layer. Edo Liberty, CEO and founder of Pinecone, has been a driving force behind this innovation.
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Similar markets
Yes • 50%
No • 50%
Yes, user base grows by over 20% • 50%
No, user base grows by less than 20% • 50%
Under 50% • 25%
50% to 100% • 25%
100% to 150% • 25%
More than 150% • 25%
Pgvectorscale significantly better • 33%
Pgvectorscale slightly better • 33%
Pinecone remains superior • 34%
