Big Data Value PPP Summit sets the foundations for European global leadership for Artificial Intelligence

On June 26-28, the largest BDD PPP Summit in Europe, co-organized by the European language technology company Tilde, took place in Riga. The BDV PPP Summit is the primary event for driving European innovation in Big Data and Artificial Intelligence. This year summit brought together 250 world-class IT visionaries, leading European companies and research centers.

“As co-organizers of the Summit, we are pleased that here in Riga we laid the foundations for the further development of big data and artificial intelligence in Europe. I believe that Europe can become a world leader in ethical and inclusive artificial intelligence. It is particularly important that artificial intelligence technologies support all languages ​​spoken in Europe. This will ensure that artificial intelligence solutions can be freely communicated in Latvian, both in written and oral form. To achieve this, both small and large businesses and communities must have access to tools, data, knowledge, and skills that facilitate the exploitation of the potential of artificial intelligence, ” says Andrey Vasilyev, Chairman of the Tilde Board.

Artificial Intelligence has huge potential to address Europe's economic and social challenges. This is why the new funding period foresees a significant increase in its funding and an annual allocation of € 1 billion from the EU budget through public-private partnerships (PPPs). Any company or research center registered in the EU will be able to apply for the new programs. To be eligible, projects must involve participants from several countries and have to undergo a rigorous selection procedure. This will promote European cooperation and European excellence in the use of Big Data and AI.

The EC's Strategic Agenda for an AI PPP implementation plan is available here: Strategic Agenda for an AI PPP.

The purpose of public-private partnerships is to increase Europe's competitiveness and drive the overall development of AI. The development and implementation of AI solutions must be based on European fundamental rights, ethical principles, and values. Strengthening the Big Data ecosystem, developing education and promoting the common economic good in Europe by creating better products and services is also an integral part.

The event was organized by the BDVe project and the Big Data Value Association, in close collaboration and with the support of the Latvian BDVA member Tilde.

ABOUT ORGANIZER

The Big Data Value Association (BDVA) is an industry-driven international not-for-profit organization with 200 members throughout Europe and a balanced combination of large, small, and medium-sized industries as well as research and user organizations. BDVA is the private counterpart to the EU Commission to implement the Big Data Value Public-Private Partnership program. BDVA and the Big Data Value PPP pursue a common shared vision of positioning Europe as the world leader in the creation of Big Data Value.

Tilde is a member of BDVA and the local organizer of the BDV PPP Summit. Tilde drives innovation in European language technologies. Tilde develops technologies for natural language processing, such as machine translation and intelligent virtual assistants, to support language diversity in the digital age and enable multilingual communication for global customers.