PYMNTS.com February 24, 2025
Database company MongoDB acquired artificial intelligence firm Voyage AI.
The deal — worth $220 million, according to a Monday (Feb. 24) Bloomberg report — is designed to help MongoDB’s customers build better AI-powered applications through “highly accurate and relevant information retrieval deeply integrated with operational data,” according to a Monday press release.
“AI-powered applications can address a broad range of complex use cases that traditional software cannot,” the release said. “However, because AI models are probabilistic, they can hallucinate –– when a model generates false or misleading information.”
Low-quality or incorrect results can lead to “serious risks” in instances where accurate information is crucial, such as cancer screenings at hospitals or legal advice from law firms, meaning that AI applications...
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