BEIJING, Sept. 12, 2018 /PRNewswire/ -- Gridsum
Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a
leading provider of cloud-based big-data analytics and artificial
intelligence ("AI") solutions in China, announced today that
it has won first place in the 2018 Chinese AI and Law Challenge
("CAIL2018").
CAIL2018 was both initiated and
led by the Information Centre of the Supreme People's Court and the
Central Youth Development Department of the Communist Youth League
of China, and co-organized by
various organizations, including the China Justice Big Data Institute, Chinese
Information Processing Society of China, CETC Youth League committee, Tsinghua
University, Peking University, and Institute of Software, Chinese
Academy of Sciences.
CAIL2018 facilitates academic
exchange and promotes the use of natural language processing and AI
in the legal sector. There were more than 600 teams from both
China and overseas participating
in CAIL2018. Participants included
engineers from top academic institutions including Tsinghua
University and Peking University and internationally renowned
companies such as Google and Microsoft. At CAIL2018,
judges assessed contestants on their analysis of criminal case
datasets and their application of AI across three categories
including crime prediction, legislative recommendation, and
judgement outcomes prediction.
Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented,
"We are proud that our team, competing under the name 'Nevermore',
ranked top among their peers in the crime prediction and
legislative recommendation categories, resulting in winning first
place at the event. This further proves Gridsum's competitive
advantages in the legal AI sector. We will continue to leverage our
AI and natural language processing capabilities to support and
develop China's smart court
initiatives."
About Gridsum
Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider
of cloud-based big-data analytics and AI solutions for
multinational and domestic enterprises and government agencies
in China. Gridsum's core technology, the Gridsum Big
Data Platform, is built on a distributed computing framework and
performs real-time multi-dimensional correlation analysis of both
structured and unstructured data. This enables Gridsum's
customers to identify complex relationships within their data and
gain new insights that help them make better business decisions.
The Company is named "Gridsum" to symbolize the combination of
distributed computing (Grid) and analytics (sum). As a digital
intelligence pioneer, the Company's mission is to help enterprises
and government organizations in China use data in new and
powerful ways to make better informed decisions and be more
productive.
Safe Harbor Statement
his announcement contains forward-looking statements. These
forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
"may," "will," "expects," and similar statements. Among other
things, quotations from management in this announcement as well as
Gridsum's strategic and operational plans contain forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. Many factors could cause actual results to differ
materially from those contained in any forward-looking statement,
including but not limited to the following: unexpected difficulties
in Gridsum's pursuit of its goals and strategies; and general
economic and business conditions in the regions where Gridsum
provides solutions and services. the unexpected developments,
including slow growth, in the digital intelligence market;
unexpected difficulties and potential delays in filing annual or
other reports with the SEC; PRC governmental policies relating to
media, software, big data, the internet, internet content providers
and online advertising; and general economic and business
conditions in the regions where Gridsum provides solutions and
services. All information provided in this press release is as of
the date of this press release, and Gridsum undertakes no duty to
update such information except as required under applicable
law.
For more information, please
visit http://www.gridsum.com/.
Investor Relations
Gridsum
ir@gridsum.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
Email: carnell@christensenir.com
In U.S.
Mr. Tip Fleming
Phone: +1 917 412 3333
Email: tfleming@christensenir.com
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SOURCE Gridsum Holding Inc.