Xayn receives first AI Innovation Award
German F.A.Z.-Institute and AI Association honor outstanding German AI innovations
Xayn honored for (energy-)efficient and privacy-protecting AI
Berlin-based AI startup makes AI for organizations secure, efficient and sustainable
Xayn pioneers its own AI systems for businesses and institutions
BERLIN/MAINZ (GERMANY), October 10, 2023 – Berlin-based AI startup Xayn is the winner of the first AI Innovations Award. The F.A.Z. Institute and the German AI Association awarded the prize together with the Fraunhofer Center for International Management and Knowledge Economy IMW. The "KI Innovation Award" recognizes companies that develop groundbreaking AI innovations and use them sustainably for their industry and society. The jury with renowned representatives from business, science, society, and journalism selected Xayn's AI system as the winner in the category Middleweight.
"We are very pleased to receive this award for our AI development. It encourages us in our work to make AI efficient, safe and sustainable," emphasizes Dr. Leif-Nissen Lundbæk (CEO & C-Founder). "As a European startup, we are committed to developing responsible powerful AI. We have more restrictions in Europe because of regulatory requirements and little data, but instead of complaining about it, we should see this as an opportunity to develop smart algorithms – and thus use this as a long-term competitive advantage for us."
Xayn unlocks secure, sovereign, and sustainable AI for organizations to use at scale
Berlin-based AI startup Xayn is pioneering next genAI for enterprises and institutions. The European startup builds secure, sovereign, and sustainable AI systems that leverage the power of language models at scale so that organizations can use AI efficiently, safely, and sustainably. Xayn’s technology is based on the latest AI research and unlocks the best of both worlds of Tiny and Large Language Models with its Retrieval Augmented Generative system.
This allows organizations with highly sensitive data (e.g., government agencies, law firms, financial firms) to deploy (generative) AI on a large scale. Xayn develops its AI systems based on the European values of transparency, sustainability, and data protection as open-source technology. Originating from research at the University of Oxford and Imperial College London, the team consists to date of more than 35% PhD scientists from different disciplines.
The Berlin-based AI company also sees its own approach as part of a pan-European, future-oriented development towards more technological sovereignty. The development and use of its own energy-efficient and privacy-protecting AI, which meets European transparency and sustainability standards, not only stands for the future orientation of its own company but also for the future viability of Germany as a technology location.
Categories and other winners of the AI Innovation Awards
Other winners include: Oxolo GmbH (category: Lightweight), HAWK:AI (category: Heavyweight), DB Netz AG (category: Super Heavyweight), and Qdrant (category: Rising Star). Among the finalists were well-known companies such as E.ON, Deutsche Telekom, and ERGO Group. The following criteria were decisive for the jury: (1) Degree of innovation: How does the AI solution differ from existing approaches in the industry? (2) Application: How is the AI solution used and what efficiency/productivity gains does it achieve? (3) Responsibility: How does the AI solution meet ESG criteria and promote sustainability? (4) Perspective: how will the AI solution continue to evolve in the future?
The distinguished jury was composed of: Daniel Abbou (Managing Director KI Bundesverband), Prof. Dr. Dr. Mira Mezini (Director Hesse Research Center for Artifical Intelligence - hessian.AI), Patrick Bernau (Head of Department Economy at FAS), Eduard Singer (Founder neusinger.ai), Silke Hahn (Editor at Springer Nature / Spektrum der Wissenschaft), Dr. Naja von Schmude (Co-Founder & CTO Peregrine.ai), Nicole Büttner (Founder & CEO Merantix Momentum), Leon Rausch (Head of Insights Solution Strategy Cision), Prof. Dr. rer. pol. Thorsten Posselt (Managing Director of the Fraunhofer Center for International Management and Knowledge Economy IMW)
For the complete listing of the three winners and sixteen nominees, as well as more information about the AI Innovation Award, click here: www.ki-innovation-award.de
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About Xayn
Xayn is pioneering next genAI for large organizations. The European startup builds secure, sovereign, and sustainable AI systems that leverage the power of language models at scale. Xayn develops its Retrieval Augmented Generative AI as energy efficient and privacy-protecting AI solution “Made In Germany”.
Born out of research at Oxford University and Imperial College London, the Berlin-based company is committed to European values of transparency, privacy, and sustainability and develops its AI system as open-source technology. Founded in 2017 by Dr Leif-Nissen Lundbæk, Professor Michael Huth and Felix Hahmann, Xayn’s academic vision remains, with a workforce comprised of more than 35% PhDs. The start-up has received investment funding of 19.5 million EURO from Global Brain Corporation, KDDI Open Innovation Fund, Earlybird, and Dominik Schiener.
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About the F.A.Z.-Institute
The F.A.Z.-Institute is a company of the renowned Frankfurter Allgemeine Zeitung publishing group. As a service provider for communications and marketing decision-makers, it stands for relevant, credible and high-quality information. For 30 years now, the work of the F.A.Z.-Institute has been characterized by professional recognition, a high reputation and long-standing customer trust.
About the KI Bundesverband
The KI Bundesverband links the most innovative AI and deep tech companies with established business and politics and, with more than 400 AI companies, is the largest AI network in Germany. The members of the Federal Association for Artificial Intelligence are committed to ensuring that this technology is applied in the spirit of European and democratic values and that Europe achieves digital sovereignty. To achieve this, the Federal Republic of Germany and the EU must become an attractive AI location for entrepreneurs, where willingness to take risks is appreciated and innovative spirit meets on the best conditions.
About the Fraunhofer-Zentrum für Internationales Management und Wissensökonomie
Fraunhofer IMW looks back on more than fifteen years of applied, socio-economic research and experience in international projects at the Leipzig location. For the long-term success of clients and partners from business, industry, research and society, the interdisciplinary team develops scientifically sound solutions for the challenges of globalization. The institute and its brainpower have proven expertise in the areas of internationalization, innovation and technology management, technology economics, structural change, regional transformation, data and platform economy, digital value creation, strategy development and knowledge economy. Originally founded as the Fraunhofer Center for Central and Eastern Europe MOEZ in 2006, the new content and strategic orientation of the socio- and techno-economic institute has been expressed in the new name Fraunhofer Center for International Management and Knowledge Economy IMW since 2016. The Center for Economics of Materials complements the portfolio of the Leipzig Fraunhofer IMW as its branch office in Halle (Saale) with expertise in materials science and techno-economics. The transfer to Fraunhofer IMW took place on January 1, 2020, meaning that Fraunhofer IMW is now represented in Saxony-Anhalt in addition to its location in the Free State of Saxony.
https://www.imw.fraunhofer.de/en.html