Touchcast Wins Prestigious MIT-Backed Climate Innovation Prize for AI Sustainability Solution

NEW YORK — July 9, 2024 — Touchcast today announced that its groundbreaking CogCache technology has been awarded the ClimaTech Great Global Innovation Challenge prize, a prestigious recognition backed by MIT for climate-focused startups with high potential for impact.

CogCache, Touchcast's cognitive caching solution for AI, stood out for its innovative approach to enabling companies to scale their AI operations while significantly reducing their carbon footprint. This technology represents a major step forward in sustainable AI, addressing the growing environmental concerns surrounding large-scale AI deployments.

As conversational AI platforms become ubiquitous, their energy consumption is rising exponentially, threatening to undermine climate goals. CogCache tackles this challenge head-on by optimizing computations through intelligent caching and reuse of AI-generated responses. This approach not only speeds up AI operations but also dramatically cuts down on the energy required to run complex AI models.

"We're honored to receive this recognition from the ClimaTech Great Global Innovation Challenge," said Edo Segal, Founder & CEO of Touchcast. "This award not only validates our approach but also propels us forward in our mission to make AI more sustainable. With CogCache, we're proving that cutting-edge AI and environmental responsibility can go hand in hand. Our technology can halve the average computational cost per query, while generating responses up to 100 times faster for follow-up queries."

Key benefits of CogCache include:

• Energy Savings: Reduces AI energy consumption by up to 50%

• Performance Boost: Accelerates response times by up to 100x

• Cost Reduction: Lowers operational costs for AI-driven companies

• Seamless Integration: Works with existing AI systems without major overhauls

The ClimaTech Great Global Innovation Challenge, with its backing from MIT, is known for identifying and supporting startups that show exceptional promise in combating climate change through technological innovation. Touchcast's win underscores the potential of CogCache to revolutionize the AI industry's approach to energy consumption and sustainability.

For more information about CogCache and Touchcast's commitment to sustainable AI, visit touchcast.com.

About Touchcast

Touchcast is revolutionizing AI infrastructure with the world's fastest and most cost-effective inference ecosystem. Our Cognitive Caching technology provides unparalleled access to leading AI models, redefining AI performance and efficiency.

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