Despite the separation, Yahoo will maintain a stake in Vespa.ai and remain one of its largest customers. The new company aims to bring the efficiencies of its cloud service to more enterprises, accelerate the development of new features, and help more companies solve problems involving AI and big data online. The move is driven by the increasing need for a platform that provides a solid foundation for online AI applications.
Key takeaways:
- Vespa.ai is being spun out of Yahoo as a separate company, but Yahoo will retain a stake and be one of its biggest customers.
- Vespa.ai is a platform for applying AI to big data sets, and is used for large language models and vector databases.
- Vespa.ai has created a centralized cloud service to host systems, reducing the number of machines used by 90% and improving quality, stability, and security.
- The new company will allow Vespa.ai to bring its efficiencies to a larger scale, accelerate the development of new features, and help more companies solve problems involving AI and big data online.