Company
Date Published
Dec. 9, 2022
Author
James Luan
Word count
1550
Language
English
Hacker News points
None

Summary

In 2022, there was significant growth in the field of vector databases with multiple open-source products and cloud-based services emerging. This trend is expected to continue into 2023 as capital markets invest in these technologies. Key predictions for 2023 include differentiation and specialization among vector databases, a move towards a unified query interface, further integration of vector databases with traditional ones, significant cost reduction in vector databases, the emergence of the first serverless vector database, rise of open-source tools for vector databases, early adoption of AI for Database (AI4DB) in vector databases, and the second commercial company emerging from open-source Milvus. These developments indicate a promising year for vector databases, making them more cost-effective and efficient.