Why You Shouldn’t Invest In Vector Databases?
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<p>I am hopeful about the future of large-scale generative AI models, and I have great confidence in vector databases. However, if someone intends to pour all their money into the vector database field in the middle of 2023, I can only advise against it. Instead of investing in new vector database products, it would be better to focus on existing databases and explore how they can be enhanced by incorporating vector search functionalities to become more powerful.</p>
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<p><img alt="" src="https://miro.medium.com/v2/resize:fit:700/1*hHtyywkLeVWqzPkysxCwoQ.png" style="height:256px; width:700px" /></p>
<p>Everyone is talking about vector databases now!</p>
<p>In 2022, the activity level of the technology venture capital market reached a freezing point due to a combination of factors including the pandemic, inflation, Fed rate hikes, and geopolitical matters. Luckily, the advent of ChatGPT has sparked global excitement in the field of technology, leading to a proliferation of investment activities akin to a surge in the wake of rainfall. This surge has injected fresh life into the market, clearly indicating that the foundational frameworks of extensive generative AI models and the corresponding applications have become highly sought-after investment opportunities. Apart from Microsoft’s remarkable $10 billion investment in <a href="https://openai.com/" rel="noopener ugc nofollow" target="_blank">OpenAI</a>, AI startups like <a href="https://huggingface.co/" rel="noopener ugc nofollow" target="_blank">Hugging Face</a>, <a href="https://www.jasper.ai/" rel="noopener ugc nofollow" target="_blank">Jasper</a>, <a href="https://stability.ai/" rel="noopener ugc nofollow" target="_blank">Stability AI</a>, <a href="https://www.midjourney.com/" rel="noopener ugc nofollow" target="_blank">Midjourney</a>, MiniMax, and others have garnered considerable interest in the capital market, resulting in a substantial surge in their valuations.</p>
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