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Sunday, April 01, 2001

World’s Leading Artificial Intelligence Project Instates Israel’s Internet Pioneer as Vice President of Internet Operations
Tel Aviv, Israel -- April 1st, 2001 - Ai Research & Development Ltd., the Research arm of Artificial Intelligence NV (Ai), today announced that Gadi Hadar, founder and CEO of Walla, Israel’s leading Web Portal (TASA:WALA), has joined the company. Mr. Hadar will lead Internet activities at Ai’s Israeli Research Center.

At Ai, Mr. Hadar will draw from his extensive expertise as an Internet entrepreneur to develop Ai’s Web operations. Mr. Hadar is joining a team of over 30 scientists and engineers, focused on creating a computer program with human conversational capabilities. Using proprietary algorithms and an innovative training methodology, Ai is endowing its “child machine” with human language skills, which are measured according to human developmental milestones. Upon maturation, this technology will enable machines to learn from experience, demonstrate creativity, and mediate between people and the digital environment, replacing current user interfaces with human language.

“Having Gadi on board adds another dimension to the scope of Ai’s endeavor”, said Jack Dunietz, President of Ai Research. “He is bringing with him unique knowledge and expertise, a command of the online realm and an inventive mind”.

Mr. Hadar founded Walla in 1994, and transformed it into the most popular Web Portal in Israel, and the first Internet company to be traded on the Tel Aviv Stock Exchange. Mr. Hadar has been involved in establishing seven Internet-related ventures in the e-learning, content deployment, online brokerage, ASP and CRM spaces.

About Ai

Artificial Intelligence NV (Ai) is the world’s leading AI research project, focusing on creating genuine Artificial Intelligence – the technology that enables machines to converse with humans in natural language. Based on a groundbreaking approach, Ai’s technology will pass the Turing Test for machine intelligence by 2011. Ai is an international company with offices in Boston, Massachusetts and a research center in Tel Aviv, Israel.