The creation, support and exploitation of innovative Artificial Intelligence (AI) technologies, as well as the strengthening of research, entrepreneurship and the digital development of the country are the goals of the company AI Factory Pharos.
Its purpose is to operate as the national and regional AI accelerator through the development and operation of a single hub with access to specialized computing power, data, models and specialized human resources.
The project, of an initial budget of 30 million euros, is implemented within the framework of the European Union’s framework program for research and innovation in the period 2021-2027 “Horizon Europe” and is financed 50% by the European High Performance Computing Joint Undertaking (EuroHPC) and 50% by national funds.
The Pharos factory is based on the Daedalus supercomputer, a project that is currently under implementation. It will be installed at the Lavrio Technological Cultural Park (LTCP), while the combined total investment is approximately 100 million euros.
The above is provided for in a bill of the Ministry of Digital Governance that has been put out for public consultation and will last until Monday, December 8.
According to the bill, the Greek State, represented by the Minister of Digital Governance, will participate with 30% in the share capital of the company Pharos AI Factory, and the Hellenic Holdings and Property Company (EESYP) with 70%.
Other activities
In addition to the above, its purposes include, among others, the following:
-The research, development, design, production, installation, distribution, maintenance and support of AI systems, applications and technologies and related technologies, such as data collection, anonymization, analysis, processing, governance and exploitation.
-The design and development of machine learning, deep learning, natural language processing and generative AI algorithms and the creation, training, improvement, adaptation and assurance of the reliability of Large Language Models (LLMs) and other AI models.
-The commercial management and exploitation of all projects, data and results produced through the project “Pharos – The Greek AI Factory for accelerating AI innovation”, including intellectual property rights, as well as the provision of all services offered by it.
-The development and provision of highly reliable AI infrastructure, products and resources in Greece, harmonized with EU and national law, as well as services for the development of AI solutions, products and capabilities on a large scale, aiming at the widespread adoption of AI, enhancing innovation and competitiveness in nationally critical and strategic sectors, such as: a) Health, with the aim of developing anonymized health data and predictive AI tools, b) Language and Culture, with the aim of creating language models for the Greek language and Greek culture and the digital documentation, study, protection, management and promotion of all their manifestations, material and intangible, c) Sustainability and the environment, with the aim of developing AI applications and solutions for the management of natural resources, addressing climate change and enhancing energy efficiency.
-Providing user services from different sectors, including startups, small and medium-sized enterprises (SMEs) and scientific institutions, for the development and exploitation of AI solutions, through a single service center.
-Providing education, training and consulting services on AI, information technologies and innovation as well as entrepreneurship support services, with an emphasis on startups and SMEs, in order to develop and commercialize innovative AI solutions.
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