Gridsum Attends 2018 World Artificial Intelligence Conference

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Gridsum Attends 2018 World Artificial Intelligence Conference

BEIJING, Oct. 1, 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 participated in the 2018 World Artificial Intelligence Conference ("WAIC") held in Shanghai, China, on September 17, 2018.

This year's WAIC was co-organized by China'sNational Development and Reform Commission, Ministry of Science and Technology, and Ministry of Industry and Information Technology along with other government departments. The theme of this year's WAIC was "A New Era Empowered by AI" which focused on demonstrating industrial achievements and enhancements driven by AI while promoting intelligent development and technological innovations.

During the conference, Gridsum showcased its six AI-driven judicial solutions. Leveraging its unparalleled capabilities in natural language processing (NLP), deep learning, knowledge graph and other AI technologies, the solutions can facilitate the litigation process and enhance the efficiency of the judicial system, ranging from legal documents processing, customized case handling, legislative recommendations and real-time public opinion monitoring. 

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "It is our honor to have had the opportunity to showcase our AI capabilities and achievements at the 2018 World Artificial Intelligence Conference. We have always devoted ourselves to supporting smart court initiatives in China. Going forward, we will continue to explore and develop more new technologies to promote China's AI development and technology transformation."

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

This 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; 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.

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