GlobeNewswire by notified

Vectara Launches Boomerang: The Next-Gen Large Language Model Redefining GenAI Accuracy


Outpacing Major Competitors, Boomerang Sets a New Benchmark in Grounded Generative AI for Business Applications: Mitigating Hallucinations and Copyright Concerns, Minimizing Bias, Enhancing Explainability, and Broadening Cross-Lingual Reach

SANTA CLARA, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Large Language Model (LLM) builder Vectara, the trusted Generative AI (GenAI) platform unveiled Boomerang, a next-gen neural information retrieval model integrated into its end-to-end GenAI platform. In recently published benchmarks Boomerang outperforms Cohere and is comparable to OpenAI on certain performance metrics, expressly excelling at multilingual benchmarks. As a security-first AI leader, Boomerang significantly reduces the probability of bias, copyright infringement and “hallucinations,” fabricated information or inconsistencies in model outputs that have become an industry-wide problem and critical challenge for business adoption.

Vectara’s early “Grounded Generation” paved the way for mitigating hallucinations, a practice many others are adopting via the moniker Retrieval Augmented Generation. Boomerang takes this a step farther. Vectara's ML team designed Boomerang from the ground-up to deliver the most accurate neural retrieval with low latency and increased cross lingual support to hundreds of languages and dialects.

The new Boomerang model:

  • Exceeds Cohere and is comparable to OpenAI in multidomain benchmark testing, allowing users to operationalize powerful GenAI without having to finetune a foundational model with their own data.
  • Is capable of simultaneously understanding content in hundreds of languages and dialects, capturing 99.9% of dialects spoken by the human population, overcoming company language barriers, and outperforming other larger models in cross-lingual retrieval.
  • Better understands the user’s prompt intent, leading to more accurately retrieved facts from the customer’s data; this leads to higher quality generated responses which enables users to reach their end goal faster.
  • Reduces request latency for query execution up to 20%, decreasing time spent by user's time to retrieve generative insights.
  • Provides better thresholding to more reliably differentiate between relevant and irrelevant results, which increases the reliability of generated responses.

GenAI has many meanings - including generating text, images, and video. Vectara’s Boomerang is part of a trusted text generative AI ecosystem which offloads the retrieval augmented generation pipeline complexity from builder workloads via easy-to-use APIs. This API simplification empowers developers to quickly, and securely build AI applications, including question answering and conversational AI (ChatBots) from user provided data sets. Vectara’s zero-shot model never trains on user data and matches the user intent based on deep understanding of the prompts they are issuing as correlated with the input data sets. The relevant answers are generated via natural language summaries with citations to the data source facts, which provides explainability for the produced responses; a necessary requirement for using generative AI in regulated industries.

"At Vectara, we aim to solve the biggest problems facing Generative AI adoption today," said Amin Ahmad, Cofounder and CTO of Vectara. "Our neural retrieval model achieves state of the art relevance across hundreds of languages and dialects, significantly reducing one of the biggest barriers to responsible AI adoption in the enterprise: hallucinations."

It’s now incumbent upon nearly every enterprise to leverage and integrate GenAI into their operations and offerings—60% of organizations with reported AI adoption are already using GenAI. But until now, there was little guarantee that the information provided by LLMs would be accurate or even consistent. Now, Vectara’s Boomerang enhances the platform's ability to bring the paradigm-shifting GenAI capabilities to nearly every organization and developer in a cost-effective, easy-to-use, and secure manner, while substantially mitigating the risks and downsides.

Integrating GenAI is business-critical for nearly every enterprise organization. Vectara has built its own model to deliver GenAI solutions to enterprise orgs that are cost-effective, secure, and reliable.

"Companies struggle to generate trustworthy content with their generative AI initiatives. In fact, 58% of respondents to a recent survey by Eckerson Group said inaccurate outputs are the greatest risk of language models, more than triple any other risk,” said Kevin Petrie, VP of Research at Eckerson Group. ”Vectara's approach of grounded generation, also known as retrieval augmented generation, reduces this risk by querying companies' domain specific data as it responds to user prompts. This offers a cost-effective alternative to fine-tuning language models on companies' data.”

To showcase its momentum, Vectara will be at the AI After Dark Networking Mixer and AI Startup Showcase as part of the AI Conference. Visit Ofer Mendelevitch, Head of Vectara’s Developer Relations, on Tuesday 9/26 at 5 p.m. PT at the San Francisco event to learn more about its new model and solutions available to enterprises.

About Vectara

Vectara is an end-to-end platform that empowers product builders to embed powerful Generative AI features into their applications with extraordinary results. Built on a solid hybrid-search core, Vectara delivers the shortest path to an answer or action through a safe, secure, and trusted entry point. Vectara is built for product managers and developers with an easily leveraged API that gives full access to the platform's powerful features. Vectara’s “Grounded Generation” allows businesses to quickly, safely, and affordably integrate best-in-class conversational AI and question-answering into their application with zero-shot precision. Vectara never trains their models on customer data, allowing businesses to embed generative AI capabilities without the risk of data or privacy violations. To learn more about Vectara, visit To learn how we're empowering the ecosystem to co-build the art of possibility in GenAI, visit

Media Contact
Carly Bourne

To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Northland Power Announces Appointment of Ellen Smith to Its Board of Directors30.11.2023 00:09:14 CET | Press release

TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) announces the expansion of its Board of Directors from nine to ten members and the appointment of Ellen Smith as a Director, effective November 29, 2023. Ms. Smith brings over 35 years of leadership experience within the power and utilities sector. After spending her early career at original equipment manufacturers GE Power Systems and Pratt & Whitney, Ms. Smith led a co-gen business initiative and power & utilities facilities at a refinery of Hess Corp., and led U.S. Operations at National Grid, which included gas and electric transmission and distribution, LNG operations and power generation. For the last decade, Ms. Smith has been the Senior Managing Director at FTI Consulting, where she advises clients on strategy operational issues, and corporate finance, with a focus on power and utilities and EPC clients. Ms. Smith serves as an expert in complex power and utilities litigatio

Constellation Brands to Present at the 2023 Morgan Stanley Global Consumer and Retail Conference on December 5, 202329.11.2023 22:30:33 CET | Press release

VICTOR, N.Y., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 5, 2023 in New York, NY. The presentation is scheduled to begin at 1:30 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future. A live, listen-only webcast of the presentation will be available on the company’s investor relations website at under the News & Events section. When the presentation begins, financial information discussed in the presentation, and a reconciliation of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company’s investor relations website under t

CNH Industrial: Periodic Report on $1 Billion Buyback Program29.11.2023 22:30:00 CET | Press release

Basildon, November 29, 2023 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under the €400 million component (the “First Component”) of its $1 billion share buyback program the Company completed transactions in the period November 20, 2023 through November 24, 2023, reported in aggregate, as set forth in the table below. After the purchases announced today and considering those previously executed under the First Component, the total invested amount in the First Component is approximately €163,979,188.20 ($177,525,418.19) or a total amount of 17,560,075 common shares purchased. DateNumber of common shares purchasedAverage price per share excluding feesConsideration excluding fees Consideration (*) excluding fees(€)(€)($) November 20, 2023 473,000 9.5539 4,518,994.70 4,938,357.41 November 21, 2023 2,190,000 9.2275 20,208,225.00 22,138,110.49 November 22, 2023 1,494,075 9.1293 13,639,858.90 14,882,450.04 November 23, 2023 1,000,000 9.1982 9,198,200.00 10,026,038.00 November 24

nCino Reports Third Quarter Fiscal Year 2024 Financial Results29.11.2023 22:05:00 CET | Press release

Total Revenues of $121.9M, up 16% year-over-year Subscription Revenues of $104.8M, up 19% year-over-yearGAAP Operating Margin of (11)%, up 700 basis points year-over-yearNon-GAAP Operating Margin of 17%, up 1,400 basis points year-over-year WILMINGTON, N.C., Nov. 29, 2023 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the third quarter of fiscal year 2024, ended October 31, 2023. “We posted another solid quarter in Q3, with revenues and profitability again exceeding expectations,” said Pierre Naudé, Chairman and CEO of nCino. “Notably, we added key new customers, such as our first enterprise Consumer ending deal with a $200 billion bank in the U.S., and our largest customer to date in Japan. We are also pleased that our U.S. mortgage business achieved double-digit revenue growth despite generationally-high interest rates." Naudé continued, "With years of experience successfully

Torqx declares offer for Beter Bed Holding unconditional; 95.14% of Shares now tendered or committed29.11.2023 20:15:00 CET | Press release

JOINT PRESS RELEASE This is a joint press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners ("Torqx"). This joint press release is issued pursuant to the Article 16, paragraphs 1 and 2, Article 17 paragraph 1 and Article 4, paragraph 3 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the "Decree") in connection with the recommended public offer by the Offeror for all the issued and outstanding shares in the capital of the Company (the "Offer"). This press release does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in the Company. Any offer is only made by means of the offer memorandum (the "Offer Memorandum"), dated 4 October 2023, approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the "AFM"). Terms not defined in this press release will have the meaning as set fort