CEO Kulkarni says: “Now over 2,200 Elastic (ESTC) Cloud customers are using Elastic for Gen AI use cases. With over three thirty of these customers spending $100,000 or more annually. In Q1, we added more million dollar ACV Elastic Cloud customers using Elastic for Gen AI use cases than the prior two quarters combined. We are also excited to witness AI native businesses being built on Elastic to introduce entirely new business models.” Comments taken from Q1 earnings conference call.
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