European Commissioner for the Internal Market Thierry Breton has recently announced the winners of the Large AI Grand Challenge, a competition aimed at rewarding innovative startups and small and medium-sized enterprises (SMEs) in the field of artificial intelligence (AI) across Europe.
The four winners of the competition include Tilde from Latvia, specializing in natural language processing and machine translation, Textgain from Belgium, which helps companies and governments analyze unstructured data using AI, Lingua Custodia from France, a Fintech company focused on AI and natural language processing for finance, and Unable from Portugal, a language technologies company headquartered in Lisbon.
These winning companies will share a total prize of one million euros and will have access to Europe’s leading supercomputers, Lumi or Leonardo, for eight million hours. This access will allow them to develop large-scale AI models over the next 12 months, promoting innovation and excellence in AI within the European Union.
The participants are expected to release their developed models under an open-source license for non-commercial use to foster collaboration and knowledge-sharing within the AI community. This initiative is part of the EU-funded project AI-BOOST and reflects the European Union’s commitment to advancing AI technologies for the benefit of society.
The awarding of these prizes marks a significant step towards establishing Europe as a global leader in artificial intelligence, showcasing the region’s dedication to driving innovation and competitiveness in this rapidly evolving field.
