Infineon Technologies : supports AI startups at the NVIDIA Inception Awards
September 17, 2018 at 04:13 am EDT
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Munich, Germany - 17 September 2018 - Applications and systems infused with artificial intelligence (AI) are key technologies of the future and open up enormous business potential. As a sponsor of the NVIDIA Inception Awards, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) supports Europe's best startups in the area of AI, and thus the development of innovative deep learning applications. The awards will take place at the GPU Technology Conference (GTC) Europe on October 10, 2018 in Munich.
The German semiconductor company is working with Silicon Valley AI specialist NVIDIA to select the finalists from over 130 startups who have entered the Inception Awards. In the course of several preliminary rounds, fledgling entrepreneurs from around the world have presented their business models to a jury whose members include AI experts from Infineon. Finalists will compete in an exciting live pitch in front of a judging panel at GTC Europe in Munich.
'As one of the world's leading providers of sensing technology, Infineon naturally empowers the application of AI by enabling things to see, hear and understand their environment,' said Oliver Henning, Head of Partnership Management in the Power Management & Multimarket Division of Infineon. 'Our sensors precisely capture the data processed by learning AI networks. Therefore our sensors such as MEMS microphones and radar are the ears and eyes of the neural network.'
Deep learning systems, in which large amounts of data are used to train machines to perform a specific task, have become reality thanks to the availability of big data, improvements in algorithms, and advancements in computing power. The more effectively such systems are able to acquire and process data from sensors, the better they become at their assigned task.
This requires powerful computing capabilities, backed by reliable and efficient power supplies for servers and critical infrastructures, such as 5G for the ever-increasing volume of data. With its XENSIV TM sensors, power semiconductors or OPTIGA™ hardware-based security solutions, Infineon provides intelligent, energy-efficient and secure IoT solutions - for autonomous driving, smart cities and devices, and Industry 4.0.
About the competition
Together with NVIDIA, Infineon whittled down over 130 applicants to reach a shortlist of the 60 most promising startups. These companies then presented at a number of pitch events held in London, Paris and Munich. The judges, including Infineon representatives, met the founders in person and familiarized themselves with the business models of each company. Ten finalists will be selected to present at GTC Europe in October, and the winner will be chosen by a specialist jury of investors and GPU Venture experts to receive $100,000 and a DGX Station personal AI supercomputer.
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Infineon Technologies AG published this content on 17 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 September 2018 08:12:05 UTC
Infineon Technologies AG is one of the world's leading manufacturers of semiconductors. The group's products include power semiconductors, sensors, microcontrollers, digital, mixed-signal and analog ICs, discrete semiconductor modules, switches, interface ICs, motor-controlling ICs, RF power transistors, voltage regulators, and electronic safety components. Net sales break down by area of activity as follows:
- automotive (50.5%): semiconductor products used in the automotive industry, and memory products for specific applications for automotive, industrial, information technologies, telecommunications and consumer electronics.
- power & sensor systems (23.3%): semiconductors for energy-efficient power supplies, mobile devices, mobile phone network infrastructures, human-machine interaction as well as applications with special demands on their robustness and reliability.
- industrial power control (13.5%): semiconductor products for the conversion of electrical energy for small, medium and high-power applications, used in the manufacturing, the low-loss transmission, the storage and the efficient use of electrical energy;
- connected secure systems (12.6%): semiconductors for networked devices, card-based applications, and government documents; microcontrollers for industrial, entertainment, and household applications, components for connectivity systems, various customer support systems;
- other (0.1%).
Net sales are distributed geographically as follows: Germany (12.4%), Europe/Middle East/Africa (14.4%), China/Hong Kong/Taiwan (32.3%), Japan (10.5%), Asia/Pacific (15.9%), the United States (12.1%) and Americas (2.4%).