In the press conference given by the President of Cosmos Group, Mr. Dimitris Dafnis, on Thursday 31/10/2024, he announced the establishment of the new Societe Anonyme with the name: Novelcosmos SA, created by the collaboration of the companies Cosmos Business Systems & Novelcore and headquartered in Athens.
Cosmos Business Systems’ participation in the new company is 55%, while Novelcore holds 45%. The company’s equity will gradually rise to 1 million Euros, as many of the infrastructures are covered by the parent companies. Cosmos is already building a Data Center for the needs of Artificial Intelligence, at its offices in Thessaloniki.
The new company Novelcosmos already offers Greek LLMs (Large Language Models), which are ideal for managing large databases, searching and classifying texts, as well as for their semantic processing and creating new texts based on existing information. The National Printing House and the Government Gazette already use the new company’s technology, which is constantly being improved.
Novelcosmos’ solutions are aimed at public and private entities, such as banks, insurance companies, public services, personnel management departments, credit rating departments, health institutions, the land registry, law firms, notaries, and many others. This technology has the ability to be adapted and expanded with new models, according to the specific needs of each client.
The integration of Artificial Intelligence into solutions is done through the provision of “as a service SAAS” services with subscription models tailored to each customer or in hybrid installations or on-premise installations.
The Cosmos group is now expanding its business activities in the field of Artificial Intelligence (AI) to provide flexible and personalized AI services that will cover the modern needs of businesses and organizations.