Mochi AI Database won the first prize in HICOOL 2022 Global Entrepreneurship Competition

2022-09-21 14:09 0

/ Aswuntong/Guangzhou, August 30, 2022 -- The opening ceremony of HICOOL 2022 Global Entrepreneurship Summit and the award ceremony of the Global Entrepreneurship Competition were held in Shunyi, Beijing on August 26, during which the final results of the competition were announced. After four months of competition and selection, the team won the highest honor -- the first prize of HICOOL 2022 Global Entrepreneurship Competition, which fully demonstrated the leading and innovative AI technology of Mexic, its strong production ability and broad commercial scenarios.

Mochi's new AI database for the next generation of artificial intelligence, relying on advanced research and development concepts and leading technical advantages, in a unified way to deal with the exponential growth of the AI era of unstructured data and AI derived data, through a system to help enterprises to comprehensively manage all kinds of complex data needed by AI. It greatly reduces the development cost of AI applications and the cost of data processing in AI applications. Mochi AI database is the core data infrastructure for complex data processing in the AI era.

Moqi Technology project team and the new AI database for the next generation of artificial intelligence were highly recognized by the judges. The judges commented: "Excellent team, strong technical strength; Technology development and industry application at the same time, balanced development, has entered the key market in batches; It has the scalability of cross-industry applications."

This year is the third year that HICOOL Global Entrepreneurs Summit has been held. As an important brand of innovation and entrepreneurship in Beijing, HICOOL annually selects a group of innovative projects and enterprises with global pioneering and world-leading technologies. With the support of governments at all levels of Beijing, Since its inception, it has attracted 14,000 entrepreneurial talents and 11,000 entrepreneurial projects from 94 economies around the world, incubated 8 unicorns and 44 "specialized and innovative" enterprises.

This HICOOL Competition has set up a total of 7 divisions, closely focusing on the theme of scientific and technological innovation and development, and set up 7 professional science and technology courses, including artificial intelligence, new generation of information technology, medicine and health, attracting 5,016 projects from 91 countries and regions such as China, the United States, Israel and Russia. The competition has been fiercest since the event began. Through the online preliminary evaluation, preliminary competition and rematch, 28 projects successfully qualified for the final. Mochi Technology won the first prize for its world-leading technology, innovative industry value and broad development prospects.

"This generation" of AI is strong, but it still faces four major problems

Currently, the AI industry is developing rapidly. Model application of deep learning is still the most mainstream way to apply artificial intelligence, but its shortcomings have been highlighted, mainly facing four problems: lack of interpretation, unreliability, dependence on annotated data, and the theoretical foundation has not been established. These challenges become obstacles to the continued development of artificial intelligence, and are also the core issues that need to be considered to develop the next generation of artificial intelligence. At the same time, in the aspect of AI research and development and application, enterprises also face difficulties such as difficulty in supporting application development with a wide variety of open source tools, lack of effective complex data processing tools, high cost of data management, difficulty in cross-platform collaboration between departments and personnel, and long time for model updating and online deployment.

How to break through the existing bottleneck of artificial intelligence, manage the complex data generated in large quantities in the AI era in a simple and efficient way, reduce the cost of AI development and application, and extract value from complex data has become an important part of the large-scale application of AI technology, which is also the innovation and entrepreneurship direction that Mochi Technology has been focusing on. To this end, Mochi Technology independently researched and developed the underlying technology of AI, and creatively constructed a new AI database for the next generation of artificial intelligence. In addition to efficiently processing structured data, it can also process massive unstructured data and AI-derived data in a unified way. It helps customers manage all three elements of AI in a one-stop shop for the AI era: models, environments, and data.

Tai Cheng, co-founder and CEO of Mochi Technology, said, "Our original intention in establishing Mochi Technology is to solve the core problems at the forefront of the industry, to do things that are not easy to do, but are vital to the industry. Mucky is concerned with the mechanics of artificial intelligence itself, and aims to solve the core problems of AI through original technologies. Mochi AI database is born to overcome many challenges of this generation of artificial intelligence. It manages all kinds of complex data needed by AI in a system, greatly reducing the total cost of developing AI applications. It is a new data infrastructure in the AI era. We want to bring the total cost of AI down 100 times by 2030."

Build new AI data infrastructure to accelerate the landing of the next generation of artificial intelligence

The AI database of Mochi Technology is based on the research and development of the next generation of artificial intelligence concept, and was born to support the landing of the next generation of artificial intelligence. As the underlying data infrastructure of AI ecology, it helps all walks of life to provide general AI-related complex data processing capabilities, help all walks of life to reduce AI costs and accelerate the implementation of AI.

Mochi Technology's new AI database for the next generation of artificial intelligence supports the application scenarios of AI industry in a simple and fast way.

Mochi first applied the core technology of AI database to the biometric scene, and built the first billion-level finger and palm print high-precision automatic comparison system in China. It proves that the new AI database can bring innovative effect to the industry. Since then, the application of Mochi AI database has been increasing, and successfully applied in smart cities, smart media assets, scientific research and other fields. By promoting the new AI database, Merch hopes to make the development of AI applications by AI software enterprises and AI industry solution providers as easy and standardized as the development of ordinary software, helping these enterprises to launch and update AI applications more easily and quickly, providing greater value to their customers and reducing the total cost of AI applications in the industry.

In the field of smart city, Mochi and its partners build new data center and AI center based on AI database, greatly improve the efficiency of unstructured data management and AI application development, contribute to the fine governance and rapid response of the city, and contribute to the construction of digital China.

In terms of intelligent media assets, Moqi Empowering partners build a financial media platform based on AI database to help partners realize the management and cross-modal retrieval of massive media data, and implement AI capabilities in the form of small samples, covering multiple links such as cultural and creative content editing, audio and video content recognition, copyright content retrieval, etc. Help finance the healthy and vigorous development of media content.

In the field of scientific research, Moqi cooperates with universities and research institutes to archive, retrieve, analyze and apply massive scientific research data based on AI database, maximize the value of scientific research data, help AI for Science, and accelerate the realization of breakthroughs and innovations in the field of scientific research.

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In the future, Mochi Technology will continue to build the new AI database for the next generation of artificial intelligence into the data infrastructure of the AI era, strengthen cooperation with AI solution providers and upstream and downstream partners of AI ecology, and work together to make AI more and more simple to use. Let AI feed the development and innovation of basic science, and let AI benefit society.

Source: Corporate press release
Keywords: Mochi Technology
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