European Commissioner for the
Internal Market Thierry Breton has awarded four European
artificial intelligence (AI) startup prizes from the Large AI
Grand Challenge, launched on November 23 last year, the European
Commission said on Wednesday.
The Grand Challenge aims to reward innovative startups and
small and medium-sized enterprises (SMEs) for devising ambitious
strategies and committing to the development of large-scale AI
models that will provide a competitive edge for Europe.
The winners are Tilde (Latvia), an NLP and machine
translation; Textgain (Belgium), an AI startup that enables
companies and governments to gain valuable insights from
unstructured data; Lingua Custodia (France), a Fintech company
specialising in AI/natural language processing for finance; and
Unable (Portugal), a language technologies company with
headquarters in Lisbon.
These companies will share a prize of a total of one million
euros and will gain access to two of Europe's world-leading
supercomputers, Lumi or Leonardo, for eight million hours.
The supercomputer time will be used to develop innovative
large-scale AI models in the 12 months following the awards
granted on June 26.
The winners will then be expected to release the developed
models under an open-source license for non-commercial use, or
through publishing their research findings.
The Large AI Grand Challenge was organised by the EU-funded
project AI-BOOST and is part of the European Union's commitment
to drive excellence in AI.
photo: Breton
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