The European Commission (EC) announced on June 26, 2024, the winners of the Large AI Grand Challenge contest, launched in 2023 as part of the European Union (EU) AI-BOOST project. AI-innovative startups and small and medium-sized enterprises (SMEs) were invited to submit proposals from November 16, 2023, to February 13, 2024.
Participating companies were competing for the development of a foundation model using one of the EU High-Performance Computing (HPC) sites, part of the EuroHPC Joint Undertaking (EuroHPC JU). EuroHPC JU is a collaborative effort between the EU and participating Member States created to foster the EU’s advancement in AI and supercomputing (as part of the GenAI4EU initiative).
The winners are France-based Lingua Custodia, which specializes in AI and natural language processing (NLP) for the finance sector; Unbabel, a language technology and services company based in Portugal; Latvia’s Tilde, a language technology, MT, and Balto-Slavic languages company; and Textgain, an AI start-up based in Belgium focused on predictive text and speech analysis.

