Almawave develops “Velvet”, an open source, multilingual, multimodal, Italian AI model, in collaboration with CINECA | Almawave
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29 April 2024

Almawave develops “Velvet”, an open source, multilingual, multimodal, Italian AI model, in collaboration with CINECA

Almawave, an Italian company listed on the Euronext Growth Milan market (Ticker: AIW), and part of the Almaviva Group, engaged in Data & Artificial Intelligence, has signed an agreement with Cineca, the Ministry of Research’s Inter-University Consortium hosting entity for the Leonardo supercomputer in the EuroHPC network, to develop “Velvet,” an Open Source, multilingual and multimodal Italian Artificial Intelligence model.

The goal is to make a foundational large language model (LLM) that will primarily focus on Italian language and content, and will be developed on a multilingual basis, providing for the major European languages. The model will also implement Brazilian Portuguese and Swahili, in light of Almawave’s significant experiences in Latin America and Africa, both areas where the Company intends to evolve further. This seeks to also foster the widespread, international adoption of Velvet.

Valeria Sandei, CEO Almawave: “This partnership looks far ahead and will lead us to the realization of highly strategic, the impact and benefit of which will benefit numerous sectors we are widely known for, such as public administration, transportation, healthcare, tourism, green transition, and finance, in which we have already implemented hundreds of artificial intelligence projects, with our technology. This is just the beginning of an exciting new phase in our evolution, and tackling it with Cineca makes us proud.”

Francesco Ubertini, President of Cineca: “Velvet will have the peculiar characteristic of being multimodal, but also and above all multilingual, thus offering an international scope to an AI model born and trained in Italy.”

Raniero Romagnoli, CTO Almawave: “We are proud of this initiative and to be able to collaborate with a partner like Cineca with a public supercomputing infrastructure among the best in the world. We have been implementing more and more powerful Artificial Intelligence technologies in our laboratories for more than ten years, and with more than 100 R&D people in the Group, highly specialized and a strong collaboration with universities and research centers, we are looking beyond, aiming more and more at technological innovation as the frontier of our work, at the service of our customers.”

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