PagerDuty shares rise 1.84% premarket after Elastic's AI and search enhancements.

Pagerduty, Inc. rose 1.84% in premarket trading. The company announced new performance and cost-efficiency breakthroughs with two significant enhancements to its vector search, including ACORN, a smart filtering algorithm, and Better Binary Quantization (BBQ) as the default for high-dimensional dense vectors. These capabilities improve both query performance and ranking quality, providing developers with new tools to build scalable, high-performance AI applications while lowering infrastructure costs.