PowerVR Series2NX collects another award at China tech summit

Following success at other award ceremonies this year, PowerVR’s Series2NX neural network accelerator has picked up another gong. This time, the panel of judges at the ASPENCORE Global Electronic Achievement Awards Annual EDA/IP award ceremony deemed it to be the most innovative product of the year in the EDA/IP category, beating out competition from other significant players in the market.

The award ceremony recognises the companies and products that have made outstanding contributions to the innovation of the global electronics industry and thanks to its industry-leading neural network acceleration with very low power consumption, the PowerVR Series2NX certainly fits the bill.

PowerVR Series2NX ASPENCORE Award for EDA/IP of the year
Imagination receiving the ASPENCORE Global Electronic Achievement Award for the EDA/IP of the year

The awards were held alongside the ASPECORE Global CEO Summit, where industry leaders and technologists from all over the world gathered to discuss the impact and opportunities provided by artificial intelligence.

Mr Liu Guojun, Vice President of Imagination Technologies and General Manager of China, attended the summit and exchanged ideas with several industry leaders a roundtable discussion on the theme “China, Global and Future Subversive Technology”. Guojun told the audience that: “the next major technology should be artificial intelligence (AI). Artificial intelligence will change the whole world – change the way we buy, produce and deliver, and alter our way of life.”

ASPENCORE CEO Summit 2018, China
Mr Liu Guojun, Vice President of Imagination Technologies and General Manager of China, speaking on 8 November 2018 at the ASPENCORE Global CEO Summit, in Shenzhen, China

Talking about China’s contribution to the development of artificial intelligence, Liu Guojun pointed out: that while in the United States does very good research, in China the focus will be on applying the knowledge. Artificial intelligence requires large data for analysis and thanks to China’s large population and the relatively open approach to enabling access to that data, the country will have an advantage in developing better algorithms and applications.

However, he also warned that with many companies doing the same thing the competition would inevitably be fierce. He stated that while AI was a hot topic, the companies must prove their value to the market.  “[The application providers must] prove to people that the value provided by artificial intelligence is something that other technologies cannot provide, and that artificial intelligence is used to create value. It is the most important thing.”

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