Coveo (TSX:CVO), a leader in AI platforms that transform digital
experiences with intelligent search, recommendations, 1:1
personalization, and merchandising, proudly announces it was
selected in the AI Breakthrough Awards program as the recipient of
the "Best LLM Application" award. The annual AI Breakthrough Awards
program aims to celebrate excellence and recognize innovation, hard
work, and success in various AI and machine learning categories.
This year's program attracted over 3,200 nominations from more than
20 countries worldwide. Coveo’s award acknowledges the outstanding
achievements of its Coveo Relevance Cloud TM AI platform.
The winning feature selected by the AI Breakthrough Awards is
Coveo Smart Snippets — an advanced LLM-backed
question answering capability. Smart Snippets uses Coveo's
artificial intelligence platform alongside a Large Language Model
(LLM) framework to interpret the user's query and provide back the
more relevant paragraph or answer. Users do not need to click
through links to read the source documents themselves, as Coveo
Smart Snippets parses documents (like HTML) to show only the
most relevant paragraph or answer. By leveraging this question
answering capability with the Coveo secure, unified index, Coveo
ensures users receive personalized, accurate, contextually relevant
and trustable answers, resulting in reduced customer effort,
increased self-service success, and improved cost-to-serve
metrics.
The advent of generative AI, driven by a quantum leap in LLMs,
has created a demand for organizations to deliver more advanced and
comprehensive conversational responses, reshaping the customer and
employee experience beyond traditional search links. Building upon
years of successful deployment of LLMs with Smart Snippets and Case
Classification in large enterprises, Coveo continues to innovate
with the recent introduction of an enterprise-grade generative AI
solution, Coveo Relevance Generative Answering,
which harnesses the power of LLM technology in conjunction with
Coveo's market leading Coveo Relevance CloudTM AI platform and
caters to the unique imperatives of enterprises, including
security, privacy, real-time sources of truth, relevance, and
access to diverse content sources. Combining LLMs with mature
reliable AI search and relevance capabilities is necessary to
create generative experiences enterprises can trust.
"We are thrilled to receive this award from AI Breakthrough.
With LLM and GPT technology, we have witnessed a fundamental shift
from searching for documents and links to searching for answers and
advice," stated Laurent Simoneau, President, CTO, and Co-Founder of
Coveo. "Enterprises are increasingly interested in leveraging
generative AI and LLMs in a secure and accurate manner to meet the
rising expectations of their customers. Building on over a decade
of AI expertise and years of experience utilizing LLMs, including
with Coveo Smart Snippets, Coveo has also recently introduced Coveo
Relevance Generative Answering — a trustable and transformative
solution that addresses key CIO headaches caused by GenAI
shortcomings, such as hallucinations, veracity, security, privacy
and a lack of source of truth which are currently hindering
enterprises from leveraging this technology in a brand safe
way."
“Coveo Smart Snippets allows customers’ search results to become
personalized, automated and relevant, enabling companies of all
sizes to provide what today’s consumers expect. Congratulations to
Coveo on winning the ‘Best LLM Application’ award,” said James
Johnson, managing director, AI Breakthrough. “People expect
relevant answers, not links to articles. Thanks to Coveo AI, Smart
Snippets let companies meet customers where they are with
high-quality self-service and agent-assisted service. Coveo is in a
unique position to continue to innovate on their use of LLM and
GenAI to bring these capabilities securely to the enterprise.”
For a firsthand demonstration of Coveo AI, watch a demo of
Coveo Relevance Generative Answering in
action.
About Coveo Solutions
We believe AI is a competitive imperative to deliver the
delightful and relevant digital experiences people expect, while
maximizing profitability. Coveo accelerates the application of AI
platforms in enterprises, helping them personalize and profitize
every experience at scale.
The Coveo Relevance Cloud™ platform is a market-leading AI
platform that enhances search, recommendations, personalization,
and merchandising intelligence in digital experiences across
commerce, service, website, and workplace applications. Coveo’s
platform includes analytics, AI model testing capabilities, and can
easily integrate into almost any digital user experience a large
enterprise delivers. Our platform is cloud-native SaaS,
multi-tenant, API-first, and headless.
Coveo has been a pioneer in the application of AI within the
enterprise. Our Coveo Relevance Generative Answering capability,
which integrates LLM technologies with Coveo's platform to feed
generative AI with a common, secure unified index and real-time
content, helps to drive relevance at scale, consistent factuality,
secure sources of truth across all channels, and specifically
solves the key challenges found with other generative ai platforms
for the enterprise.
We help hundreds of the world’s leading brands create tangible
financial value. We believe our platform is differentiated by its
sophisticated applied AI, designed to deliver highly relevant,
bespoke digital experiences that drive superior business outcomes.
In addition, our platform’s scalability, rapid time to value,
enterprise-grade security and compliance, and native integrations
with other third-party technology applications set us apart. We are
a Salesforce Summit ISVforce Partner, an SAPⓇ Endorsed App, and an
Adobe Accelerate Exchange Partner.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence
and recognition platform for global technology innovation and
leadership, the AI Breakthrough Awards program is devoted to
honoring excellence in Artificial Intelligence technologies,
services, companies and products. The AI Breakthrough Awards
provide public recognition for the achievements of AI companies and
products in categories including AI Platforms, Robotics, Business
Intelligence, AI Hardware, NLP, Computer Vision and more. For more
information visit AIBreakthroughAwards.com.
Forward-Looking Information
This press release contains “forward-looking information” and
“forward-looking statements” within the meaning of applicable
securities laws (collectively, “forward-looking information”). This
forward-looking information is identified by the use of terms and
phrases such as “may”, “would”, “should”, ”could”, “might”, “will”,
“achieve”, “occur”, “expect”, “intend”, “estimate”, “anticipate”,
“plan”, “foresee”, “believe”, “continue”, “target”, “opportunity”,
“strategy”, “scheduled”, “outlook”, “forecast”, “projection”, or
“prospect”, the negative of these terms and similar terminology,
including references to assumptions, although not all
forward-looking information contains these terms and phrases. In
addition, any statements that refer to expectations, intentions,
projections, or other characterizations of future events or
circumstances contain forward-looking information. Statements
containing forward-looking information are not historical facts but
instead represent management’s expectations, estimates, and
projections regarding future events or circumstances.
Forward-looking information is necessarily based on a number of
opinions, estimates, and assumptions that we considered appropriate
and reasonable as of the date such statements are made. Although
the forward-looking information contained herein is based upon what
we believe are reasonable assumptions, actual results may vary from
the forward-looking information contained herein. Certain
assumptions made in preparing the forward-looking information
contained in herein include, without limitation: our ability to
capitalize on growth opportunities and implement our growth
strategy; our ability to attract new customers, both domestically
and internationally; the success of our efforts to expand our
product portfolio and market reach; our ability to maintain
successful strategic relationships with partners and other third
parties; our future capital requirements; the available liquidity
under our revolving credit facility; the accuracy of our estimates
of market opportunity and growth forecasts; our success in
identifying and evaluating, as well as financing and integrating,
any acquisitions, partnerships, or joint ventures; our ability to
execute on our expansion plans; the significant influence of our
principal shareholders; and the future impact of the COVID-19
pandemic. Moreover, forward-looking information is subject to known
and unknown risks, uncertainties, and other factors, many of which
are beyond our control, that may cause the actual results, level of
activity, performance, or achievements to be materially different
from those expressed or implied by such forward-looking
information, including but not limited to macro-economic
uncertainties and the risk factors described under “Risk Factors”
in the Company’s most recently filed Annual Information Form
available under our profile on SEDAR at www.sedar.com. There can be
no assurance that such forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
prospective investors should not place undue reliance on
forward-looking information, which speaks only as of the date
made.
Moreover, we operate in a very competitive and rapidly changing
environment. Although we have attempted to identify important risk
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
risk factors not presently known to us or that we presently believe
are not material that could also cause actual results or future
events to differ materially from those expressed in such
forward-looking information.
You should not rely on this forward-looking information, as
actual outcomes and results may differ materially from those
contemplated by this forward-looking information as a result of
such risks and uncertainties. Additional information will also be
set forth in other public filings that we make available under our
profile on SEDAR at www.sedar.com from time to time. The
forward-looking information provided in this press release relates
only to events or information as of the date hereof, and are
expressly qualified in their entirety by this cautionary statement.
Except as required by law, we do not assume any obligation to
update or revise any forward-looking information, whether as a
result of new information, future events, or otherwise, after the
date on which the statements are made or to reflect the occurrence
of unanticipated events.
Contact Information
Highwire PR Coveo media@coveo.com +1 418-263-1111
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/f224cf5c-8fee-4d56-9cce-bfbe3f2fb768
Coveo Solutions (TSX:CVO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Coveo Solutions (TSX:CVO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024