MongoDB hits 8.0; Microsoft's open-source data project
Today on Product Saturday: MongoDB focuses on performance and resilience, Microsoft tackles event handling with a new open-source project, and the quote of the week.
Welcome to Runtime! Today: why vector databases are so hot right now, Microsoft open-sources an interesting application development platform, and the latest enterprise moves.
Welcome to Runtime! Today: why vector databases are so hot right now, Microsoft open-sources an interesting application development platform, and the latest enterprise moves.
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Behind every breakthrough in enterprise technology over the past few decades you'll find a database that emerged to meet the needs of applications that had evolved beyond what traditional products could provide. This year, as engineering managers and CIOs are being asked to articulate a generative AI strategy in the middle of a hype cycle for the ages, the vector database is having its coming-out party.
Vector databases are ideal for generative AI applications because they allow companies to search for relationships between their unstructured data points and help their large-language models remember those relationships over time.
Large-language models trained on massive data sets spit out what they've learned as vectors, "a quantity that has magnitude and direction" and can be represented on a graph.
One question that has yet to be resolved is whether or not companies will be able to get away with layering vector search capabilities to their existing databases, or whether or not they'll need to use a purpose-built vector database in order to unlock their full potential.
Read the full story on Runtime here.
Amid a resurgence of interest in platform technologies from businesses that want to make life easier for their software developers, Microsoft made an interesting decision this week to release a new development platform aimed at software engineers who want to build and deploy multicloud applications.
Radius is "a centralized toolset for developer and operator teams to effectively collaborate," according to a Microsoft blog post. "One of the things that we’re doing that is different is that we want Radius to support all types of applications, and not just be vertically opinionated about an architecture of an application or only support a certain pattern of applications — like 12-factor — or require that apps themselves are written a certain way," Microsoft Azure CTO Mark Russinovich told Techcrunch.
It sounds like technology that could be a compelling part of Microsoft's arsenal of developer tools, including Visual Studio Code and Azure itself, but the company plans to submit the project to the Cloud Native Computing Foundation. Right now Radius supports deploying applications to Azure and AWS, but support for Google Cloud is expected to arrive soon.
Shane Evans is the new chief revenue officer at Gong, following several years in a similar role at Qualtrics.
Sandrine Bossard is the new chief people officer at Dataiku, joining the company from digital music company Believe.
Meg O'Leary is the new chief marketing officer at Tenable, after serving in the same role at Cybereason.
Arun Gupta is the new governing board chair of OpenSSL, adding to his role as vice president and general manager of open ecosystem initiatives at Intel.
AWS S3 customers in — where else — US-East-1 suffered replication delays after a code change.
OpenAI is teaming up with the UAE's G42 conglomerate, which signed a sovereign cloud deal with OpenAI investor Microsoft earlier this year.
Venture capital funding for cybersecurity startups was down 30% in the third quarter compared to last year, but up a little compared to the second quarter of this year.
SAP missed analyst estimates for cloud revenue in its third quarter but beat overall revenue estimates and promised that it would hit its previous target for full-year revenue.
Thanks for reading — see you Saturday!