POET Technologies Inc. (TSXV: PTK) (NASDAQ: POET) has been recognized as the “Best in Artificial Intelligence” at the 2024 Global Tech Awards, announced on October 14.
Announced on Wednesday, the honour is the third top prize the company has picked up this year, after recognition by the AI Breaththrough Awards for “Best Optical AI Solution” and the top prize for “AI Innovator of the Year” from the Merit Awards.
POET Technologies is known for developing innovative optoelectronic solutions, particularly in the areas of photonic integrated circuits (PICs) and light-engine technologies.
The company focuses on the development of hybrid optical and semiconductor solutions. Companies then use this new technology to improve data transfer efficiency in high-speed communications and computing systems. Its key products include optical interposer platforms that integrate photonic devices, such as lasers and detectors, directly with silicon chips. These core products find use in applications like data centers, telecommunications, and AI networks.
POET designed its technology to improve performance, scalability, and energy efficiency in optical communications.
The company won top honours in the Best in the Artificial Intelligence category for its approach in powering AI networks and hyperscale data centers.
“Winning the Best in Artificial Intelligence honour from the Global Tech Awards is another stellar indication of why an increasing number of the leading companies in our industry are turning to POET for solutions that will help them grow their market share and assist them in developing new products that address the demand for AI networking and data center connectivity,” said Dr. Suresh Venkatesan, POET Chairman & CEO.
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Awards recognize and celebrate excellence in technology
The Global Tech Awards is a prestigious platform that recognizes and celebrates the very best in technology. With a focus on innovation creativity and excellence, the Global Tech Awards aims to identify and reward the most exceptional technology solutions and services from around the world.
The awards are open to businesses, organizations and individuals who are creating and delivering innovative technologies.
The awards, founded in 2022, aim to “recognize and celebrate excellence in technology.” Executives from major enterprises like Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Oracle (NYSE: ORCL) serve as judges.
In the past two years, winners in the Artificial Intelligence category of the Global Tech Awards have demonstrated cutting-edge advancements. In 2023, MindBridge took the top spot for its innovative AI-driven financial auditing platform. This significantly improved the accuracy and efficiency of detecting anomalies and potential fraud in financial statements.
The previous year, 2022, saw OpenAI recognized for its groundbreaking GPT-3 language model, which pushed the boundaries of natural language processing and generated widespread interest in AI’s ability to understand and generate human-like text. Both winners highlighted the growing influence of AI in various industries, from finance to communication.
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