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How is your AI solution contributing to our society?

The growing share of ICT in the overall energy consumption is a source of concern. State-of-the-art AI models necessitate huge data sets with hundreds of billions of parameters to be trained. They consume enormous quantities of electricity. Cortical.io has developed an alternative machine learning approach that is much more energy efficient, contributing to lower CO2 emissions of AI solutions.

What is the potential of your AI solution?

Our intelligent document processing solutions unlock the information hidden in unstructured text. They are able to accurately and quickly analyze large repositories of complex documents or streams of messages, speeding up the sales cycle, lowering risks and facilitating decisions. They contribute to streamlining operational processes and relieving employees from repetitive, borings tasks.

Where do you see AI in 10 years?

AI is slowly but surely infiltrating our way of working. Within 10 years, AI will have reached all departments and job functions within an organization, simplifying a lot of processes and shifting the focus of many roles towards more creativity, personalization and critical thinking. Paradoxically, more AI will allow more typically human skills to unfold.

What is Europe’s biggest challenge within AI?

The AI brain drain is a big problem within Europe. Young talents are attracted by the incomparably higher resources of US organizations – tech giants as well as top universities. European universities, with their smaller budget, cannot compete in the race for larger AI models, and AI companies in Europe have a hard time finding AI experts.