EU Projects
Building an advanced vector database for artificial intelligence
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UAB "VectorTree" is implementing the European Union-funded project "Building an Advanced Vector Database for Artificial Intelligence" (No. 02-048-K-0005).
Artificial Intelligence (AI) is a key driver of innovation and technological advancement across various industries. Videntifier, a leader in image and video search technology, has developed a patented vector database, NV-tree, which outperforms all other visual search databases. Recognizing the demand for fast and accurate vector databases in AI applications, UAB "VectorTree" is developing a new, unified vector database solution based on NV-tree technology.
The project aims to:
- Develop a new database using the NV-tree algorithm to support AI applications.
- Create user-friendly interfaces for seamless customer access.
Funding
This initiative is financed under the 2022-2030 Economic Transformation and Competitiveness Development Program, specifically under progress measure No. 05-001-01-05-07, "Create a Consistent System for Promoting Innovative Activities," within the activity "Promote the Attraction of Foreign Direct Investment in Scientific Research and Experimental Development." It follows the guidelines set in the project administration and financing rules.
The project is funded through the European Union Funds Investment Programme (European Regional Development Fund) for the 2021-2027 period.