ProdIntelligence – Estonian-based AI and Machine Learning R&D startup – wins the second prize at the annual Belt and Road forum (May 16, 2019) – Chinese government programs aimed to boost trade and other infrastructure in more than 80 countries from Asia to Europe and Africa.
Svitlana Kutia, the Head of Business Development in China presented the main platform – Deep Neural Network (DNN) for a business forecast by Deep Learning Studio. With several projects in Central Europe ProdIntelligence demonstrated the high level of prediction accuracy – up to 95%. This particular factor played a huge role in the jury’s decision to award the company with the second prize.
“China will work with all countries involved under the principle of consultation and collaboration for shared benefits to pursue the Belt and Road initiative against high standards so that it will deliver quality outcomes and create even greater development opportunities for the people in the Asia-Pacific and beyond”, the Chinese president said.
The Belt and Road initiative is Xi’s signature foreign policy plan, unveiled five years ago to boost trade through investment in ports, power plants and other infrastructure. Having since been expanded to the Arctic and South America, the initiative has become synonymous with much of China’s diplomatic and foreign economic activity.
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