Deeplite Wins 2022 International Business Award® for its Artificial Intelligence/Machine Learning Solution

Deeplite’s AI Optimization Solutions Honored with Silver Stevie® Award

MONTREAL, August 24, 2022 /PRNewswire/ — deeplitea provider of AI optimization software designed to make AI model inference faster, more compact and energy efficient, today announced that it has been named a Silver Stevie® Award winner in the 19^e Annual International Business Awards® in the Artificial Intelligence (AI)/Machine Learning (ML) category for its computer vision solutions.

The core of Deeplite some products, Deeplite Neutrino and Deeplite Runtime (DeepliteRT) allow running large, heavy and power-hungry AI models on the limited computing power of chipsets (e.g. CPUs, MCUs). This affects many industries, as deep neural networks (DNNs) that enable cutting-edge tasks in security, surveillance, automotive and more are built on large AI models, which require large amounts of data. This often makes using the power of AI too expensive and complex for many organizations, especially startups and small businesses. Deeplite’s computer vision allows these organizations to run AI models on tiny peripheral devices, like security cameras or drones.

“The work we do at Deeplite is critical to continued AI innovations, and I’m very proud of the team that has made Neutrino and DeepliteRT such a huge success,” said Nick Romano, co-founder and CEO of Deeplite. “We are currently working to deliver our computer vision AI to a number of industries with customers in different parts of the world, and we look forward to continuing to expand our reach to make AI accessible to even more organizations. who wish to use it.”

The International Business Awards are the world’s premier business awards program. All people and organizations around the world – public and private, profit and non-profit, large and small – can submit nominations. More than 3,700 entries from organizations of all sizes and virtually every industry were submitted for consideration this year in a wide range of categories. The 2022 IBAs received applications from organizations in 67 countries and territories.

More than 300 judges participated in this year’s International Business Awards. For Deeplite’s submission, some of the comments from the judges are as follows:

• A super cool product that enables AI/machine learning on edge devices instead of storing big data in the cloud or data centers. I find that achieving two-bit quantization while maintaining model precision is truly intriguing. I think products like these would revolutionize AI/ML at edge locations.
• DeepliteRT is a powerful and efficient AI software platform that will help businesses save time, money and energy.
• You are developing a product to deploy AI models on low power computing resources to alleviate the current constraints imposed by machine learning algorithms. This is important because many devices that could use AI/ML run on batteries or are intended to have a small form factor. The market has received your product successfully in various industries.

“This year’s class of winners are as innovative, adventurous, persistent and successful as ever,” said the Stevie Awards Chairman. Maggie Miller. “We look forward to celebrating their accomplishments with them at our awards banquet on October 15 at London.”

To learn more about Deeplite, please visit: https://www.deeplite.ai/.

About Deeplite

Situated at Montreal and Toronto, Canada, Deeplite is an AI software company dedicated to enabling AI in everyday life. Deeplite uses AI to automatically make other AI models faster, smaller and more energy efficient, creating very compact and high performance deep neural networks for deployment on edge devices such as security cameras , sensors, drones, cell phones and vehicles. Deeplite was named one of CRN’s 10 Hottest AI Startups of 2021, as well as the 2021 Big50 Startup Report, and was featured by Gartner, Forbes, Inside AI and ARM AI as a top Edge AI innovator . To learn more about Deeplite, visit www.deeplite.ai.

SOURCE Deeplite