According to a report by Webmaster's Home on August 10, Canadian artificial intelligence company Coveo announced its performance report for the first quarter of fiscal year 2024, showing a 15% year-on-year increase in revenue and an operating loss of US$7.6 million. In addition, Coveo launched a generative artificial intelligence product called "Coveo Relevance Generative Answering" and cooperated with 45 partners to provide a cost-effective and unified user experience. Coveo Chairman and CEO Louis Tetu said the new product is not a major breakthrough in existing software, but rather a continuation of the company's ongoing efforts over the years. He noted that the product will be available sometime next quarter and is expected to have an impact on revenue in the second half of the year.