Press about RVC

RVC Announces a Competition Among Text Mining Software Developers

Source: TASS

Russian Venture Company (RVC), together with the Agency for Strategic Initiatives (ASI) and the Skolkovo Foundation, is organizing a competition of technological projects in the field of artificial intelligence (AI) to develop technologies for in-depth analysis of texts that allow identifying semantic and logical inconsistencies. The press service of the company informed about it on Monday.

“The competition for AI developers was launched by RVC, ASI, and the Skolkovo Foundation as part of the Up Great series of technology contests. The competition is designed to stimulate the development of new approaches that will create an AI capable of deep analysis of the meaning of the text and cause-effect relationships on a wide range of topics. The advent of such technologies will improve the interaction between a computer and a person, create tools for effectively solving a wide range of intellectual problems”, says the message.

The ability of the decisions created by the contestants to analyse a human speech will be tested on the example of texts in which it will be necessary to identify a number of semantic and logical errors, as well as insufficiently reasoned or inappropriate statements.

“To win, AI will have to cope with this task no worse than humans. During the competition, participants' programs will need to analyse and find errors in several hundred essays and essays, and the decision on each AI text should be made in no more than 30 seconds. This level of machine word processing has not yet been achieved in the world,” the press service noted.

The competition will last until the end of 2022. Organizers will evaluate technological solutions in two languages — Russian and English. Each of them has a separate direction and a different prize — 100 million roubles.

According to experts, in 2018, the international market for speech and text processing technologies (natural language) was estimated at $8 billion. By 2025, it will grow to $40 billion. The main participants in this market are the largest technological giants: Google, Amazon, Facebook, and others. In Russia, the leading developers of such solutions are Yandex, ABBYY, Sberbank, Tinkoff, MIPT (iPavlov project), etc.

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