Retrieval-augmented generation (RAG)
RAG lets a model use selected, current knowledge without being retrained. It is only as good as the evidence it retrieves and how well the model uses it. A long-context model is another option when the knowledge base fits.
Research snapshot · updated Nov 12, 2026
State of the art (2026)
By mid-2026, naive vector RAG is a baseline, not a finished system. The default production pattern is hybrid retrieval (semantic plus keyword) followed by a reranking pass, with agentic RAG – a reasoning loop that decomposes the query, retrieves, critiques and retrieves again – now standard for hard questions. Microsoft GraphRAG, open-sourced in 2024, earns its cost on cross-document, connect-the-dots queries, and adaptive routing of each query to the cheapest sufficient pipeline is the emerging best practice. Long context has not killed RAG: Claude Opus and Sonnet 4.6 and Gemini 3 Pro all ship 1M-token windows, yet recall degrades past roughly 600-700K tokens, so retrieval still grounds enterprise systems. Glean ($7.2B, ~$300M ARR) anchors the productised layer.
Core thesis
RAG gives a language model access to private or current information that was not in its training data, by retrieving relevant documents and passing them to the model. Tools such as LlamaIndex and LangChain build the pipelines, and vector databases such as Pinecone and Weaviate store the indexed text. Answer quality depends on how documents are split, which embedding model is used and how precise retrieval is. Retrieval does not guarantee a correct answer. Research continues: Microsoft's GraphRAG builds a graph and layered summaries of a document set to answer questions about the whole set, which simple retrieval handles poorly.
Explore the deeper analysis in CanaryIQ
Explore what is covered below. These previews show the structure; log in to read the full analysis.
Signal stack
Evidence stacked leading → lagging
10 signals
Signal stack
Evidence stacked leading → lagging
Technology-native KPIs
Metrics that predict trajectory, tracked over time
4 tracked
Technology-native KPIs
Metrics that predict trajectory, tracked over time
Landscape map
Who builds what, and who depends on whom
69 players · 6 layers
Landscape map
Who builds what, and who depends on whom
Catalyst calendar
Dated events that will move the position
5 ahead
Catalyst calendar
Dated events that will move the position
Technology roadmap
Milestones on the path to maturity
8 milestones
Technology roadmap
Milestones on the path to maturity
Watchlists
Companies, people and papers, each with a condition for removing it
3 · 20
Watchlists
Companies, people and papers, each with a condition for removing it
Decision frameworks
What our view means for your job
Locked
Decision frameworks
What our view means for your job
Thesis changelog
When our view changed, and why
8 updates
Thesis changelog
When our view changed, and why
Change our mind
3 disconfirming conditions
You've read the verdict. The file is much deeper.
The full signal stack, technology-native KPIs tracked over time, the landscape of who depends on whom, the dated catalyst calendar, decision frameworks for every desk, live watchlists and a record of every time our view on Retrieval-augmented generation (RAG) has changed. All of it is in CanaryIQ.