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China win at ‘Olympics of Startups’

(GERMANY)

A young artificial intelligence (AI) company has won gold at the ‘Olympics of Startups’ in Berlin.

Chinese AI startup Malong Technologies picked up the prestigious award at the G20 Young Entrepreneurs’ Alliance, in Berlin, which acknowledges innovative early stage companies launched in one of the world’s 20 biggest economies.

Malong Technologies won thanks to its ‘intelligent eye’ ProductAI® platform which can replicate human levels of ‘visual perception’ to identify products computers would traditionally be unable to without barcodes. It could have a variety of applications, including security situations – such as baggage scanners at airports.

Matthew Scott, Malong Technologies’ co-founder and Chief Technology Officer, said: “We are immensely proud to represent China at the highest level of international competition for emerging companies. It’s incredibly rewarding that the judges recognized the potential for ProductAI® to help transform traditional industries around the world by becoming significantly more efficient through AI integration.”

The awards were judged by representatives of the European Union and other international organisations.

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