Tag: Thomas Jensen

  • Milestone and Nvidia power Genoa’s smart city revamp with AI that speaks the traffic’s language

    Milestone and Nvidia power Genoa’s smart city revamp with AI that speaks the traffic’s language

    MUMBAI: Europe’s streets are getting smarter—and not just with electric cars and bike lanes. In a move that promises to give urban infrastructure a digital edge, Milestone Systems has teamed up with Nvidia and European cloud provider Nebius to launch Project Hafnia in Genoa, Italy. The initiative aims to fine-tune AI tools that manage traffic, improve public safety and ultimately make cities think on their feet—or wheels.

    After kicking off in the United States, Project Hafnia has now officially arrived in Europe, bringing with it a data-rich platform that trains visual language models (VLMs) using real and synthetic video inputs. These models can map visual footage to text-based insights, allowing AI systems to not only recognise but also describe what they see. From traffic snarls to security alerts, this machine vision could soon become a city planner’s best friend.

    “I’m proud that with Project Hafnia we are introducing the world’s first platform to meet the EU’s regulatory standards, powered by Nvidia technology. With Nebius as our European cloud provider, we can now enable compliant, high-quality video data for training vision AI models — fully anchored in Europe. This marks an important step forward in supporting the EU’s commitment to transparency, fairness, and regulatory oversight in AI and technology — the foundation for responsible AI innovation”, said Milestone CEO Thomas Jensen.

    Project Hafnia has become one of the first real-world use cases of the Nvidia Omniverse Blueprint for Smart City AI. Milestone is also expanding its data platform with Nvidia Cosmos to blend real-world footage with synthetic video for better training outcomes. All of it is built to comply with Europe’s gold-standard frameworks like GDPR and the AI Act.

    The initiative’s debut product is a European-trained VLM, developed using responsibly sourced transportation data from Genoa. This model supports video search and summarisation using Nvidia’s AI stack and GPU-optimised infrastructure. It’s all part of Milestone’s goal to fuse regulatory integrity with technical prowess.

    “AI is achieving extraordinary results, unthinkable until recently, and the research in the area is in constant development. We enthusiastically joined forces with Project Hafnia to allow developers to access fundamental video data for training new Vision AI models. This data-driven approach is a key principle in the Three-Year Plan for Information Technology, aiming to promote digital transformation in Italy and particularly within the Italian Public Administration”, said City of Genoa information systems officer Andrea Sinisi.

    To ensure that the data stays within EU borders, Milestone has roped in Nebius to handle cloud infrastructure. As an EU-based provider, Nebius delivers the GPU muscle required to run large-scale training while maintaining complete compliance with European sovereignty requirements.

    “Project Hafnia is exactly the kind of real-world, AI-at-scale challenge Nebius was built for”, said Nebius CBO Roman Chernin. “Supporting AI development today requires infrastructure engineered for high-throughput, high-resilience workloads, with precise control over where data lives and how it’s handled. From our EU-based data centres to our deep integration with Nvidia’s AI stack, we’ve built a platform that meets the highest standards for performance, privacy and transparency”.

    While Genoa serves as the testing ground, Milestone’s framework is built to scale across cities and sectors. The VLMs and datasets will be licensed to local governments through controlled access, ensuring ethical, transparent AI adoption that stays rooted in legal and cultural reality.

    From streetlights to silicon, Europe’s cities may soon run not just on power—but on vision.

  • Milestone Systems’ revenue zooms as video tech takes a giant leap forward

    Milestone Systems’ revenue zooms as video tech takes a giant leap forward

    MUMBAI: Milestone Systems is making waves, and it’s not just because of its video tech, it’s also because of the numbers that are stacking up! The company, known for turning video footage into powerful data, has just delivered a standout 2024, outpacing the market with an impressive 18.7 per cent growth in net revenue, which hit a cool DKK 2 billion.

    If that sounds impressive it’s because it is, Milestone has doubled its revenue since 2020. And the growth doesn’t stop there. Earnings (EBIT) for 2024 reached DKK 106.8 million, confirming that Milestone is more than just a tech player, it’s a tech titan on the rise.

    Milestone chief financial officer Lars Larsen was understandably pleased. “This is a very satisfying result, underscoring the resilience and strength of our business,” he said, no doubt relishing the company’s ability to thrive despite global turbulence.

    But Milestone didn’t just grow financially 2024 was also a year of major technological expansion. By acquiring Briefcam, a leader in video analytics, and Arcules, a cloud-based platform, the company strengthened its product offerings, preparing for the next frontier in video technology. These acquisitions are expected to bring even more flexibility and power to Milestone’s solutions, allowing customers to turn video into actionable insights like never before.

    The company’s commitment to innovation didn’t stop there. A massive 23 per cent of Milestone’s revenue, DKK 478 million, was poured into research and development, an increase of 34 per cent compared to 2023. This is no mere token effort; it’s a clear signal that Milestone is doubling down on its technological edge.

    Looking ahead to 2025, Milestone has big plans to expand even further. “Our priorities are clear,” says Milestone Systems CEO Thomas Jensen. “We’ll integrate Briefcam and Arcules seamlessly, expand our market presence, and continue to lead the charge in responsible innovation.”

    One of the key milestones in this journey? Project HAFNIA. Launched just last month, it’s a collaboration with Nvidia to create a privacy-compliant data platform. This new platform will provide access to data and help train AI models, all while ensuring that the data is ethically sourced and anonymised. The ultimate aim? To build the world’s first anonymised and annotated visual data library platform, creating a future-proof solution for AI training.

     

  • Danish firm Milestone launches video data platform for coders to train AI models

    Danish firm Milestone launches video data platform for coders to train AI models

    MUMBAI: In a world where AI developers are positively gagging for decent video data, Danish surveillance heavyweight Milestone Systems is stepping into the breach. The Copenhagen-based firm unveiled Project Hafnia today, a new platform that promises to democratise AI model training by serving up high-quality, legally kosher video data to hungry developers.

    Milestone’s new offering leverages Nvidia’s tech stack to create what it hopes will be a knockout service for both data generators keen to monetise their footage and developers desperate for properly annotated video data that won’t land them in regulatory hot water.

    “Artificial intelligence is our generation’s biggest game-changer,” says Milestone Systems  chief executive Thomas Jensen. “The Project Hafnia platform will collect and curate data with the aspiration to be the world’s smartest, fastest and responsible platform for video data and training of AI models.”

    The firm is rolling out two distinct services:

    * A cutting-edge “training as a service” offering where coders can access quality data to train their AI models
    * A visual language model (VLM) service for smart city transport applications, which the company boldly claims will be “industry leading”

    Milestone reckons its platform, powered by Nvidia’s Cosmos Curator data curation tools, will speed up AI and analytics development by up to 30 times compared with current standards—a claim that will raise eyebrows in the notoriously cautious tech community.

    The first cab off the rank is a transport-focused VLM designed to tackle everything from general traffic assessments to incident reporting and alert validation.

    “The next phase in development and adoption of visually perceptive agentic AI services will be unlocked by recipes like Nvidia VSS blueprint combined with widely available and accessible fine-tuned VLM models,” says NVIDIA vice president and general manager of embedded and edge computing Deepu Talla.

    Project Hafnia launches initially as a pilot, with keen developers able to join a waitlist at hafnia.milestonesys.com/joinwaitlist. The platform will cut its teeth on traffic video data before expanding to other domains once fully operational.

    Founded in 1998 and headquartered in Copenhagen, Milestone employs more than 1,500 people worldwide and has been an independent company in the Canon Group since 2014.

  • Milestone Systems delivers four years of record-high net revenue

    Milestone Systems delivers four years of record-high net revenue

    Mumbai: Milestone Systems, a leading provider of video technology, delivered a record-high net revenue of 1.69 billion DKK (€226 million) in 2023, according to the Danish company’s newly released Annual Report.

    The Copenhagen-headquartered company celebrated 25 years in business in February 2023. During the anniversary year, Milestone made significant strides in delivering its growth strategy, particularly in key industries such as healthcare and hospitality.

    Milestone Systems CEO Thomas Jensen said: “As we reflect on Milestone’s remarkable journey of 25 years, we not only celebrate our past achievements but also look forward to what lies ahead. The advancement of artificial intelligence and video analytics opens up endless possibilities for data-driven video technology. We already see how our strategic focus on key sectors such as healthcare and hospitality can make meaningful contributions to people, businesses, and societies around the world. We are proud of Milestone’s achievements to-date, but we are even more excited about the future.”

    Milestone has long advocated that technology should be developed, sold, and used responsibly. In 2023, the company established a formal program on Responsible Technology. These principles will guide the development of Milestone’s products and services and interactions throughout the value chain.

    Jensen said: “I truly believe that technology should serve humanity not the other way around. Responsible Technology is not just a buzzword at Milestone – it is a crucial aspect of our commitment to serving our customers and societies at large. We are dedicated to ensuring that our software is not only innovative but also ethical.”

    Growth plans

    Reflecting on Milestone’s growth ambitions, Milestone Systems CFO  Lars Larsen said: “Looking ahead, we anticipate an eventful and promising 2024. We will continue our growth journey, in terms of revenue, investments, and profitability. We expect the coming financial year will bring many opportunities, particularly within the cloud and video analytics spaces.”

    Highlights from the year included the launch of XProtect Hospital Assist, a video solution that allows medical staff to remotely observe multiple patients at once and respond to incidents quickly. The company also introduced an updated approach for the casinos industry, one of the most strictly regulated industries in the world, to ensure gaming compliance and to help businesses deliver exceptional guest experiences.

    By year-end, Milestone added Camera to Cloud capabilities to the cloud-based offering Milestone Kite, a simple, secure, and scalable Video Surveillance as a Service (VSaaS). The addition of Camera to Cloud means computing, recording and video storage can take place on cameras.

    Highlights in FY 2023

    •    Net revenue: 1.69 billion DKK (€226 million)
    •    Pre-tax profit: 109.9 million DKK (€15 million)
    •    Employees: 1,294
    •    Locations: 25
    •    101 million DKK (€14 million) investment in development projects

    Read the 2023 Annual Report here.

  • Milestone Systems to adopt G7 Code of Conduct for artificial intelligence

    Milestone Systems to adopt G7 Code of Conduct for artificial intelligence

    Mumbai: Milestone Systems, provider of data-driven video technology software, has decided to adopt and implement the G7 Code of Conduct for advanced Artificial Intelligence (AI) systems, becoming one of the first companies to do so.

    Milestone Systems CEO Thomas Jensen said, “We need rules to ensure AI is being developed to serve humanity. But companies should not wait for regulation. They must take their own steps to identify and resolve the weaknesses and pitfalls of the AI they develop,” When it comes to AI-enabled video, we have just scratched the surface of its potential benefits and uses. However, we also understand some of the pitfalls such as bias and false positives.”

    “At Milestone Systems, we are taking significant steps to address potential weaknesses of our tools. By signing up to the G7 Code of Conduct we will continue to focus our efforts on building our software with trust, transparency, and accountability at the front of our minds.” He added.

    The International Code of Conduct for organisations developing advanced AI Systems aims to promote safe, secure, and trustworthy AI worldwide. It was agreed by G7 leaders at the end of October 2023 alongside a set of guiding principles for the world’s most powerful democracies to follow when developing new AI systems.

    Milestone System’s decision comes as the European Union has agreed on its own AI Act.

    Applaud the AI Act –

    Thomas Jensen says, “While we applaud the AI Act, it will take a while before it is implemented, potentially a couple of years. In the meantime, we believe companies should strive to stay ahead of the regulation.”

    “We must not shutter innovation, but to prevent a public and regulatory backlash, AI businesses should be striving to build trustworthy AI. Adopting the G7 Code of Conduct is one such step all companies should take to help ensure responsible use of technology and foster public trust in the new possibilities it presents.” He added.

    The G7 AI Code of Conduct can be found here:

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