Document Crunch Wins 2024 AI Breakthrough Award for “Best Overall Large Language Model”
28 June 2024 - 12:00AM
Document Crunch, the construction industry’s leading AI contract
intelligence and compliance platform, today announced that it has
been named the winner of “Best Overall Large Language Model (LLM)”
in the seventh annual AI Breakthrough Awards program conducted by
AI Breakthrough, a leading market intelligence organization that
recognizes the top companies, technologies, and products in the
global Artificial Intelligence (AI) market today.
This prestigious award in the LLM category, won last year by
ChatGPT’s parent organization OpenAI, underscores the importance of
bringing practical, purpose-built AI technology and workflow
support to construction. As the first construction contract
document and compliance platform to win an AI Breakthrough Award,
Document Crunch is committed to bringing these tools of the future
to all project teams.
“In a year when the AI conversation has dominated every corner
of the world, the construction industry was no exception,” said
Josh Levy, co-founder and CEO of Document Crunch. “While so many
tech companies began building a “search” or “co-pilot” tool in
response to this movement, we pride ourselves on bringing deep
industry expertise into a structured product experience that
actually helps construction companies stay compliant with contract
documents throughout the project lifecycle, from the back office
right into the project trailer.”
The mission of the AI Breakthrough Awards is to honor excellence
and recognize innovation, hard work, and success in a range of AI
and machine learning-related categories, including Generative AI,
Computer Vision, AIOps, Deep Learning, Robotics, Natural Language
Processing, industry-specific AI applications and many more. This
year’s program attracted over 5,000 nominations from over 20
countries worldwide.
“Document Crunch is empowering construction professionals to
make better decisions, navigate complex legal language, and
mitigate risks. Construction is one of the riskiest industries
around, and historically, an inability to streamline contract
review processes has bottlenecked project progress and even
jeopardized safety,” said Steve Johansson, managing director of AI
Breakthrough. “Recognizing the critical role contracts play in
project success, Document Crunch is empowering construction
professionals to navigate and understand their contracts. We’re
thrilled to watch them usher in a new era where using LLMs can help
de-risk contract compliance and bolster companies’ bottom
lines.”
Document Crunch's award-winning technology sets a new standard
in AI-powered contract and document analysis for the construction
industry. At its core, the platform leverages a sophisticated
Retrieval-Augmented Generation (RAG) architecture, seamlessly
integrating purpose-built Natural Language Processing models with
state-of-the-art Large Language Models. This unique approach allows
Document Crunch to not just process construction documents, but to
truly understand them within the complex context of construction
projects. "Our AI doesn't just read documents; it interprets them
through the lens of construction expertise," says Trent Miskelly,
COO at Document Crunch. "We're not just applying generic AI to
construction problems – we've built an AI that thinks like a
construction professional." This innovative system is anchored by a
custom-built, construction-specific knowledge graph, ensuring that
every insight is not only powerful but also precisely relevant to
the industry's unique challenges. The result is an AI solution that
doesn't just answer questions, but proactively identifies risks,
automates compliance, and empowers project teams to make better
decisions faster.
About Document CrunchDocument Crunch is the
contract intelligence and compliance platform for construction.
Leveraging proprietary AI and machine learning it simplifies
construction documents, quickly identifying critical risks and
providing guidance so teams can make great decisions throughout the
entire project lifecycle. The company is on a mission to empower
everyone in the construction industry to understand what’s in their
contracts. To learn more, visit: www.documentcrunch.com.
About AI BreakthroughPart of Tech
Breakthrough, a leading market intelligence and recognition
platform for global technology innovation and leadership, the AI
Breakthrough Awards program is devoted to honoring excellence in
Artificial Intelligence technologies, services, companies and
products. The AI Breakthrough Awards provide public recognition for
the achievements of AI companies and products in categories
including Generative AI, Machine Learning, AI Platforms, Robotics,
Business Intelligence, AI Hardware, Computer Vision, and more. To
learn more, visit: AIBreakthroughAwards.com.
For more information and to book an interview, please
contact:
Girish JaggiThe MicDrop Agency+1 (289) 623
3627girish@themicdropagency.com