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Unbabel among first AI startups to win millions of GPU training hours on EUnsupercomputers

From TechCrunch

By Natasha Lomas

June 26, 2024

Unbabel among first AI startups to win millions of GPU training hours on EUnsupercomputers

The European Union has announced the winners of a “Large AI Grand Challenge” it kicked off earlier this year in a bid to accelerate the pace of homegrown innovation by large-scale AI model makers.

Four startups will share €1 million in prize money and — perhaps more importantly — eight million GPU hours to train their models on a couple of the bloc’s high performance computing (HPC) supercomputers over the next 12 months. The Commission reckons this will enable them to shrink model training times “from years to weeks”, as its PR puts it.

The winning four startups are — in alphabetical order — : French fintech Lingua Custodia, which does financial document processing using natural language processing (NLP

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