PALO ALTO, CA & BUDAPEST, Hungary – (COMMERCIAL THREAD) –SambaNova systems, the company that creates the industry’s most advanced software, hardware and solutions to run artificial intelligence (AI) applications, and OTP Group, the leading banking group in Central and Eastern Europe (EEC), today announced a strategic partnership to build the Europe’s fastest AI supercomputer. Together they will deploy a multi-rack AI system, built on SambaNova GPT Dataflow as a service, for the world’s most advanced language model in a commercial bank. The system will be provided as a national AI resource to the public sector, private industry and higher education in cooperation with the Hungarian Ministry of Innovation and Technology (ITM).
“This is a unique collaboration between OTP Group, ITM and SambaNova Systems to provide an incredible resource to the country and region of Central and Eastern Europe,” said Péter Csányi, Deputy Managing Director, Head of Division digital at OTP Group. “We are delighted to announce that this revolutionary supercomputer will represent a unique AI capability to create GPT-3 level language models for Central and Eastern European languages. ”
With this partnership, OTP Group takes European leadership in AI research and development. The Bank’s 17 million customers will benefit from faster, more personalized AI-based financial services with a supercomputer capable of processing large amounts of information and textual data in a short period of time. By dramatically speeding up workflows and taking over repetitive tasks, creating more space for service development and human creativity, innovation will have a positive impact on OTP Group employees through the Europe.
“OTP Group has an impressive industry-leading plan to make AI its primary technology driver for the next decade. With the support of ITM, the AI environment they create will provide an accessible and cutting-edge infrastructure for universities, research centers and public and private organizations across Hungary, ”said Professor Dr László Palkovics, Minister of Innovation and Technology in Hungary.
The partnership between OTP Group and SambaNova Systems is a multi-year collaboration agreement to deploy SambaNova’s Dataflow-as-a-Service GPT solution and create a unique Hungarian language model, one of the most complex languages in the world . , followed by the unique languages of the other countries of the OTP group. With this implementation, the bank will be transformed thanks to the AI and the power of SambaNova GPT, covering every corner of the company, from the front office to the back office.
“Large language models are quickly becoming the main interface for business and AI will drive transformation of industries. This deployment at OTP Group will show what can be done with advanced AI in document-intensive industries, such as banking and financial services, ”said Rodrigo Liang, co-founder and CEO of SambaNova Systems.
The deployment is a technical feat; the project, if it had been developed and deployed internally, would have required the bank several years and significant human resources. With SambaNova, OTP Group can be deployed in a few days or weeks. Once deployed, this AI supercomputer will enable OTP Bank to move forward with AI and make new inroads into the global financial market.
About the SambaNova Dataflow-as-a-Service GPT
SambaNova’s flagship offering, Dataflow-as-a-Service ™, is an extensible AI services platform and enables organizations to launch AI initiatives overnight by increasing existing capacity and staff with a simple subscription. The platform is powered by DataScale®, an integrated software and hardware platform offering unmatched performance, accuracy, scale and ease of use, based on the reconfigurable data flow architecture of SambaNova systems.
With AI becoming a business necessity in the global economy, customers need end-to-end solutions that can operate at scale in a financially viable manner. With a complete integrated system, including best-in-class AI models, software and hardware, SambaNova delivers the world’s most extensive, accessible and impactful AI applications. To learn more about SambaNova’s Dataflow-as-a-Service ™ for language with GPT, visit: https://sambanova.ai/solutions/gpt/.
About SambaNova Systems
SambaNova Systems is an AI innovation company that empowers organizations to confidently deploy the best computer vision, natural language processing, recommendation, and AI solutions for science. SambaNova’s flagship offering, Dataflow-as-a-Service ™, helps organizations rapidly deploy AI in days, unlocking new revenue and improving operational efficiency. SambaNova’s DataScale® is an integrated software and hardware system using Reconfigurable Dataflow Architecture ™, as well as open standards and user interfaces. Based in Palo Alto, California, SambaNova Systems was founded in 2017 by industry leaders and hardware and software design experts from Sun / Oracle and Stanford University. Investors include SoftBank Vision Fund 2, funds and accounts managed by BlackRock, Intel Capital, GV, Walden International, Temasek, GIC, Redline Capital, Atlantic Bridge Ventures, Celesta and several others. For more information, please visit us at sambanova.ai or contact us at [email protected] Follow SambaNova Systems on LinkedIn.
About the OTP group
OTP Group is the leading financial group in the EEC region with an exceptional growth history, exceptional profitability and strong capital and liquidity positions. The banking group provides universal financial services to 17 million customers with 40,000 employees in 11 countries. It offers cutting-edge digital solutions and a network of more than 1,700 branches. OTP Group’s future-oriented operations and development efforts focus on environmental, social and governance sustainability while aiming to strengthen its position as an employer of choice throughout the Central and Eastern European region.
OTP Group is headquartered in Hungary and has a diverse and transparent ownership structure. The banking group has been listed on the Budapest Stock Exchange since 1995.