Samsung Ventures Israeli artificial intelligence eyes, it’s a new reality

The cloud is everywhere. The globally distributed nature of the computing backbone created by the planet’s data centers and the information technology neural hubs sandwiched between them constitutes a pervasive network of interconnectedness, access to computing power, and data services.

This fact had a leveling effect.

Given the ability to access scalable computing resources on a large scale from almost anywhere (Yemen and Equatorial Guinea are still Struggling to connect), where there is human ingenuity, new things happen. This means that a new breed of Silicon Valleys (plural) has appeared everywhere from London to Utah to the United Arab Emirates to Israel and across India.

AI Eye on the Holy Land

Across the Holy Land in particular, the development of indigenous technology from Jerusalem to Tel Aviv has been particularly strong in the field of artificial intelligence (AI). Manasra a huge area of ​​development in this space OurCrowda global organization dedicated to venture capital investment platform headquartered in Jerusalem and led by an opaque and outspoken CEO John Medved.

OurCrowd is now supporting NeuReality, an Israeli AI systems and semiconductor company (for the second time), along with a new batch of support and interest from Samsung Ventures. But this is not an investment and financing story, this is a story that focuses on how smart NeuReality is with so-called ‘inference techniques’ (a component of an IT system that applies logic rules to any given knowledge base to infer new information) such as computer vision and natural language processing ( NLP) and Recommendation Engines.

NeuReality makes it easier to implement these system elements for a larger group of less tech companies.

More than just chips

Claiming to be more than just a chip company, NeuReality’s solution includes hardware, software, and tools that work together to simplify and speed up AI deployment. The company currently employs more than 30 engineers and other employees and plans to double its size and hire talent in VLSI chip design, artificial intelligence, software and hardware.

“We see a significant and immediate need for more efficient and easy-to-deploy inference solutions for the data center and on-premises.” [cloud] Use cases. Uri Kirchner, President of Samsung Ventures in Israel, said the company’s classification, traffic, and processing technologies are improving compute flows, compute storage flows, and compute in storage — all essential to the ability to adopt and grow AI solutions.

The adoption and growth of AI solutions faces various obstacles that prevent retail, manufacturing, healthcare, and other sectors from deploying AI inference capabilities into business workflows. This challenge is clearly what NeuReality aims to fix with its core technology proposition.

A complete system-wide package

While the company is new, the NeuReality team draws on decades of experience in artificial intelligence, data center systems, hardware design, and software development. As a result, NeuReality uses a “system-wide approach” (a more holistic view of trying to create a fully functional product or service to facilitate mass deployment) that combines software, highly efficient deep learning, and data-processing accelerators.

Focusing on the growth of real-world AI applications, NeuReality solutions are specifically designed for a variety of sectors including public safety, e-commerce, social networking, medicine, healthcare, personal digital assistants, etc. Its solution targets cloud data centers and enterprises. , along with carriers, telecom operators and other semi-high-end computing solutions.

NeuReality has signed an agreement with IBM to develop high-performance AI inference platforms designed to deliver significant cost and power improvements for deep learning use cases. NeuReality is also collaborating with chip maker AMD to deliver its first-generation FPGA-based AI (Field Programmable Gateway Array) platform for inference acceleration for customers.

NeuReality also creates purpose-built AI platforms for the ultra scalability of real-world AI applications and positions itself as a market leader in deep learning and AI solutions.

Big vote of confidence

Moshe Tanach, CEO and co-founder of NeuReality, explained that support from Samsung Ventures represents a “major vote of confidence” in NeuReality’s technology.

“[This will] Help us take the company to the next level and elevate the NR1 SoC [see below] for production. This will enable our customers to develop their own system architecture and this development will make it easier for them to scale and maintain their AI infrastructure, whether it is in their data center, in the cloud or on premises.”

The company’s NR1 is an integrated circuit device based on an AI-focused architecture. The System-on-a-Chip (SoC) optimizes the utilization of currently deployed AI computing resources by removing existing system bottlenecks, reducing AI latency and saving overall system cost and power consumption.

The company also develops free software tools and software runtime libraries that aim to make it easier for customers of different skill levels and different publishing topologies to adopt new AI-based services into their business workflows.

How did Israel get artificial intelligence?

All of these stories (above) might lead some to wonder, yeah ok – Israel is a smart young country with a track record of demonstrating strong focus and unwavering belief in itself – but how did it get so smart?

Part of the answer lies with the enthusiastic, cultured youth… and part of the answer lies with insight.

according to The Jerusalem Post is here This year, Professor Yitzhak Ben-Israel, director of the Blavatnik Interdisciplinary Center for Cyber ​​Research at Tel Aviv University, said, “Artificial intelligence is the dominant technology for the next five or 10 years. Israel has the potential to be one of the global hubs for AI technology, as We are in the field of electronic technology.”

It was Ben-Israel who formally wrote to then-Prime Minister Benjamin Netanyahu in 1999 urging him to invest in the development of information technology in Israel, with the Internet (and later artificial intelligence) as key areas of focus.

What all this teaches us is that the next Silicon Valley (or at least the next Silicon Valley – but perhaps the next Silicon Valley) could emerge anywhere around the planet. Either way, even if it’s just a blush or wade, the results can be fantastic.

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