WHERE ARTIFICIAL INTELLIGENCE DRIVES BUSINESSES
For innovators, disruptors and visionaries – the Hinterland of Things Conference is the central platform for those leading the digital transformation. AI will be a focus topic at this year’s conference. Partners from venture capital companies with an AI focus, Mittelstand companies from the region and across Germany as well as the latest promising AI startups will spend a whole day discussing on stages, giving presentations and exchanging ideas about future collaboration.
WELCOME TO THE ERA OF AI
Artificial intelligence has been booming for years in all sectors, be it education, logistics or healthcare. The AI megatrend promises many opportunities – from startups tapping into new markets, to investors looking for the next leap in innovation, to SMEs looking to optimize their processes and increase sales.
EXPLORING THE FRONTIERS OF AI INNOVATION
The pace of AI innovation is accelerating, with groundbreaking advancements reshaping industries and societies worldwide. But what is artificial intelligence allowed to do – and what not?
After years of negotiations, the EU has provided an answer to these questions with a set of rules for the use of AI – the AI Act. This law, which came into force in March, raises new opportunities and challenges in the startup community.
AI IS MORE THAN JUST CHATGPT
Generative AI applications such as ChatGPT, which are based on OpenAI’s Large Language Model, are now known worldwide. However, there are now other technologies in the AI sector that are likely to be of particular interest to founders, investors and SMEs:
Open source models are an interesting alternative to conventional language models, because open source means that the software and its source code are publicly accessible. Anyone can use, modify and pass it on. This promotes innovation and cooperation in research. After all, a Large Language Model (LLM) is only as powerful as the data used to train it. Large language models developed on an open source basis benefit from the broad availability and diversity of the data, which is particularly relevant for industries in which the origin and quality of the data is crucial.
Retrieval Augmented Generation (RAG) improves the capabilities of AI in companies by enriching generative language models with up-to-date, company-specific information. With the help of company documents and knowledge databases, the answers of the AI systems are tailored to the company. This offers the potential for new types of work and higher productivity by automating routine tasks. Companies can use RAG, for example, to answer customer inquiries more effectively and to optimize internal knowledge management, such as when employees want to find information within the company quickly.
Vector databases are primarily used in areas where large and complex amounts of data need to be processed and searched quickly. This includes semantic search, where content is found based on meaning and context, personalized recommendation systems that make suggestions to users based on their preferences, and image and speech recognition.
2024 AI SPEAKERS
This year we have a curated selection of AI speakers with lots of knowledge and experience and that make use of the possibilities offered by AI across various sectors.
JUDITH PETERKA
AI Expert @ Federal Administration of Germany
LENA WEIRAUCH
Co-Founder & CEO @ ai-omatic
ISABEL POPPEK
CEO & Co-Founder @ Alpas AI
FOR WHOM AI OFFERS OPPORTUNITIES
Investors
The field of artificial intelligence (AI) offers a lot of opportunities and is fertile ground for investors betting on pioneering technologies. Investing in AI is becoming increasingly attractive as the technology can drive efficiency, personalization and breakthrough innovation. Due to the constant new developments in AI, such as open source models or vector databases, there are interesting AI startups on the market that have not yet completed a financing round and are working on promising technology, overcoming complex challenges. In addition, AI technologies, particularly through platform and service models, offer scalability that can lead to exponential growth and attractive returns for investors. Investors should take a close look now and use the conference to become aware of as yet unknown AI startups in our Startup Exhibition.
Mittelstand & Corporates
Leading global companies as well as the German Mittelstand are increasingly relying on AI. The technology’s ability to analyze large amounts of data, predict trends and automate complex processes is revolutionizing business operations. Companies are using AI for example to improve customer experience, optimize supply chains and innovate product offerings.
AI startups provide the necessary technology and set companies apart from the competition by modernizing and digitizing business processes through AI. At the same time, companies offer decades of experience and market proximity, including real data and users, which provide startups with valuable insights that they can use to constantly test their product. Collaborating with AI startups, like those in our Startup Exhibition, and attending conferences such as Hinterland are crucial for companies looking to leverage the latest AI advancements for strategic growth.
Startups
The increasing demand for AI-driven solutions is a great opportunity for startups. AI startups are able to redefine industries – from automating tasks to creating new user experiences – and are therefore at the forefront of the technological revolution. The success of AI startups in raising funding and collaborating with large corporations emphasizes the enormous potential of AI innovation. Despite economic volatility, interest in AI technologies continues unabated and startups are able to solve the most pressing challenges of our time with the help of AI. The current market dynamics show, it is time for AI entrepreneurs to innovate and scale their solutions to attract the interest of investors and corporate partners alike.
THE EXCLUSIVE CIRCLE OF INNOVATION LEADERS
+000
INNOVATORS
+000
STARTUPS
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OPPORTUNITIES
CURATED OPPORTUNITIES FOR TECH enthusiasts!
A selected menu about topics that really matter
