On the morning of October 9, Elastic made an official announcement via its website, confirming the completion of its acquisition of Jina AI. This strategic move is geared towards bolstering Elastic's technological prowess and market competitiveness within the AI search landscape, with a shared vision of propelling the evolution of open-source retrieval technologies.

Jina AI stands at the forefront of industries like multimodal search. Elastic intends to harness Jina AI's innovative strengths to expedite the development of pertinent models, thereby offering customers an unparalleled search experience.

Post-acquisition, Han Xiao, the erstwhile CEO of Jina AI, will assume the role of Elastic's Vice President of AI, steering AI strategy and overseeing R&D initiatives. Elastic's Chief Product Officer remarked that this acquisition is poised to markedly enhance search relevance and real-time analytical capabilities.

Following the acquisition, Jina AI's models will persist in being open-source and can be effortlessly integrated through Elastic Cloud's inference services. This integration will further amplify search efficiency and precision. Han Xiao expresses confidence in the synergy between the two entities and eagerly anticipates collaboratively advancing the development of next-generation open-source AI search technologies.