{"id":625779,"date":"2024-06-27T11:43:58","date_gmt":"2024-06-27T08:43:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eu-awards-e1b-and-8-million-supercomputing-hours-to-4-ai-startups\/"},"modified":"2024-06-27T11:43:58","modified_gmt":"2024-06-27T08:43:58","slug":"eu-awards-e1b-and-8-million-supercomputing-hours-to-4-ai-startups","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eu-awards-e1b-and-8-million-supercomputing-hours-to-4-ai-startups\/","title":{"rendered":"#EU awards \u20ac1B and 8 million supercomputing hours to 4 AI startups"},"content":{"rendered":"<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">The EU\u2019s supercomputer alliance yesterday announced the winners of its AI startup competition. Four companies will split \u20ac1bn \u2014 and precious uptime on world-class high-performance computer systems to train their models.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Training and running AI requires massive amounts of computational resources. For example, as part of its deal with OpenAI, Microsoft built Eagle, one of the world\u2019s most powerful supercomputers, for its new investment. Elon Musk is on track to build a massive Nvidia-based supercomputer for xAI, his new artificial intelligence startup.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is no secret that the EU has been pushing hard for what it calls \u201cdigital sovereignty.\u201d Fearful of once again of being left behind in a global tech race, the bloc has devoted billions of euros to its supercomputer alliance, known as the EuroHPC. Moreover, it has made a vow to make its supercomputers available to\u00a0European AI startups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Naturally, these startups can\u2019t just rock up and demand time on the nodes. To that end, EuroHPC last year launched a competition called the Large AI Grand Challenge. On Wednesday, it announced the four winners that will share the cash prize of \u20ac1bn.\u00a0\u00a0<\/span><\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The &lt;3 of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">They will also get 8 million computational hours on the LUMI and LEONARDO supercomputers (these rank <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/top500.org\/lists\/top500\/2024\/06\/#:~:text=The%2063rd%20edition%20of%20the,way%20into%20the%20Top%2010.\">among the fastest HPC systems<\/a> in the world, and are situated in Kajaani, Finland, and Bologna, Italy, respectively) over the next 12 months. Having access to such powerful systems reduces large AI model training time from years to weeks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The four winners, selected from 94 submitted proposals, are:\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Lingua Custodia, France. Fintech startup offering AI and natural language processing for the finance sector.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Unbabel, Portugal. Language technologies company combining human and machine translation for multilingual support for all 24 official EU languages.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tilde, Estonia. Also focuses on machine translation along with AI-powered chatbots for the Balto-Slavic languages.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Textgain, Belgium. AI startup helping companies and organisations gain insights from unstructured data through predictive text analytics. Specifically, the company focuses on the analysis of hate speech.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EuroHPC also decided to award an additional 800,000 hours on the Mare Nostrum supercomputer in Barcelona to a fifth entry, namely quantum computing and AI startup <\/span><span style=\"font-weight: 400;\">Multiverse Computing<\/span><span style=\"font-weight: 400;\"> from Spain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the 12 months, the winning startups are expected to release them under open-source and non-commercial licences, or publish research findings.\u00a0<\/span>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/eu-awards-1-billion-euro-8-million-supercomputing-hours-ai-startups\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EU\u2019s supercomputer alliance yesterday announced the winners of its AI startup competition. Four companies will split \u20ac1bn \u2014 and precious uptime on world-class high-performance computer systems to train their models.\u00a0 Training and running AI requires massive amounts of computational resources. For example, as part of its deal with OpenAI, Microsoft built Eagle, one of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":625780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280%2C640&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F06%2FLUMI.jpeg&signature=162beda140b2613b0f3ee9a220a4dfd3","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-625779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/625779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=625779"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/625779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/625780"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=625779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=625779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=625779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}