- The World Economic Forum announces selection of the 100 most promising Technology Pioneers, companies that are tackling such issues as sustainability, climate change and healthcare.
- Twelve Labs, which is building out the world's first commercial, multi-billion-parameter scale foundation model for video understanding, is among the winners.
- This year's cohort includes representation from 31 economies on six continents.
- The full list of Technology Pioneers can be viewed at here.
SAN FRANCISCO, June 21, 2023 /PRNewswire-PRWeb/ -- Twelve Labs, the video search and understanding company, was selected among hundreds of candidates as one of the World Economic Forum's "Technology Pioneers."
A first-of-its-kind cloud-native suite of APIs that enables comprehensive video search, Twelve Labs' platform makes video content more accessible, meaningful, and useful. The platform views and understands all of the content of a video, including both visual (action, movement, objects, text, etc.) and audio (non-verbal and conversational) context. It then transforms everything about the video into a powerful intermediary data format (vectors), so that when a user types in a search query, the Twelve Labs AI automatically outputs the most relevant scenes across hundreds of thousands of hours of video.
The World Economic Forum's Technology Pioneers are early-stage companies that are at the forefront of new technologies and innovation and are poised to have a significant impact on business and society.
"We're excited to welcome Twelve Labs to our 2023 cohort of Technology Pioneers," said Verena Kuhn, Head of Innovator Communities at the World Economic Forum. "Twelve Labs and its fellow pioneers are at the forefront of innovation and disruption needed to help us solve the world's most pressing issues. We look forward to their contribution to the Forum's content work that brings together public and private sector to tackle these global issues."
As a Technology Pioneer, Twelve Labs CEO and Co-Founder Jae Lee will be invited to engage with the World Economic Forum, working with global leaders to help address key industry and societal issues. Technology Pioneers will also be invited to join Forum events and discussions throughout the year, bringing together leading stakeholders from the public and private sector.
"We are deeply honoured to be recognized as a Technology Pioneer by the World Economic Forum," said Lee. "The rate of technologic change is accelerating, largely driven by advances in AI, and the tech landscape is becoming even more complex. We need strong global leadership to establish systems of ethics to ensure that the latest innovations are used for good, to solve societal problems and not contribute to them. We look forward to working with this esteemed group to make a positive impact on the world around us."
This year's Technology Pioneer cohort includes startups from 31 economies, with a third led by a woman chief executive. China has the second highest representation with 12 Technology Pioneers, behind the US with 29 companies.
More information on this year's Technology Pioneers can be found here.
More information on past winners, information on the community and the application link can be found here.
About Twelve Labs
Twelve Labs makes video instantly, intelligently, and easily searchable. Twelve Labs' state-of-the-art video understanding technology enables the accurate and timely discovery of valuable moments within an organization's vast sea of videos so that users can do and learn more. The company is backed by leading venture capitalists, AI luminaries, and founders of cutting-edge technology companies. It is headquartered in San Francisco, with an APAC office in Seoul. Learn more at twelvelabs.io.
About the World Economic Forum
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (http://www.weforum.org).
About the Technology Pioneers
Launched in 2000, the Technology Pioneer community is composed of early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. The World Economic Forum provides the community with a platform to engage with public and private sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.
The Technology Pioneers community is part of the Innovator Communities within the Forum's Centre for the Fourth Industrial Revolution. The Innovator Communities convene the world's leading global startups across different growth stages from early-stage Technology Pioneers to growth-stage Global Innovators and unicorn companies valued at more than $1 billion.
Media Contact
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SOURCE Twelve Labs
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