New World Order - The AI Era
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Beyond IOT - Jan 21st, 2019 - Cork, Ireland Keynote by Vitaly M. Golomb, Managing Partner, GS Capital
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New World Order - The AI Era
- 1. Author of Accelerated Startup Contributing Writer @ TechCrunch Supervisory Board @ Ukraine Venture Capital Association Previously: 3X CEO and Founding Partner B.A. in Computer and Video Imaging @ Cogswell College Venture Capital @ UC Berkeley Haas School of Business Vitaly M. Golomb Managing Partner, GS Capital
- 2. NEW WORLD ORDER - THE AI ERA VITALY M. GOLOMB @vitalyg // FB.com/VitalyGolomb // www.AcceleratedStartup.me
- 3. AGRICULTURAL PRODUCTIVITY 1830 250-300 HR 100 BUSH 1850 75-90 HR 100 BUSH 1890 35-40 HR 100 BUSH 40-50 HR 100 BUSH 1930 15-20 HR 100 BUSH 1945 10-14 HR 100 BUSH 42 HR 100 BUSH 1965 5 HR 1975 2-4 HR 1987 1-3 HR
- 4. NEXT?
- 5. 3RD INDUSTRIAL REVOLUTION CHANGES EVERYTHING 2007- 3rd INDUSTRIAL REVOLUTION CONVERGENCE, EXTERNAL NEURAL NETWORKS CYBER-PHYSICAL SYSTEMS 1969-2000 DIGITAZATION OF ECONOMY ELECTRONICS, AUTOMATED PRODUCTION 1st INDUSTRIAL REVOLUTION 1760-1840 STEAM, WATER, MECHANICAL PRODUCTION EQUIPMENT 1860-1914 2nd INDUSTRIAL REVOLUTION DIVISION OF LABOR, ELECTRICITY, MASS PRODUCTION COMMUNICATE + MANAGE ECONOMIC ACTIVITY POWER + FUEL ECONOMIC ACTIVITY MOVE ECONOMIC ACTIVITY PRINTING PRESS TELEGRAPH COAL STEAM OIL FOSSIL FUELS TELEPHONE RADIO COMBUSTION ENGINE AUTOMOBILE STEAM POWERED RAIL INTERNET UBIQUITY RENEWABLE ENERGY AUTONOMY WE ARE HERE
- 6. PC > INTERNET > MOBILE > AI? SOURCE: CHRIS DIXON, WHAT’S NEXT IN COMPUTING?
- 7. A STARTUP IS... AN EXPERIMENT IN SEARCH OF A BUSINESS MODEL- STEVE BLANK
- 8. SCALABLE STARTUP TRANSITION COMPANY BUSINESS MODEL FOUND PRODUCT/MARKET FIT REPEATABLE SALES MODEL MANAGERS HIRED BREAK-EVEN PROFITABLE RAPID SCALE NEW SENIOR MANAGEMENT ~150 PEOPLE “A STARTUP IS NOT A SMALLER VERSION OF A LARGE COMPANY”- STEVE BLANK
- 9. THE TECHNOLOGY LIFE CYCLE “S CURVE” PRODUCTPERFORMANCE TIME/EFFORT/INVESTMENT/EXPERTISE RESEARCH MATURITY INNOVATION SWEET SPOT - RAPID PRODUCT & MARKET DEVELOPMENT - NEW SOLUTIONS - SHORT PRODUCT LIFE CYCLES - LOWERING BARRIERS TO ENTRY
- 10. $0 NETREVENUE TIME RESEARCH MATURITY CONCEPT EARLY VALIDATION MARKET TRACTION SCALE VALIDATION PREDICTABLE SCALE SEED SERIES A SERIES B SERIES N IPO Source: Jerome S. Engel 2012 STAGED FINANCING
- 11. PRODUCTPERFORMANCE 1960s 1970s 1980s 1990s 2000s 2010s Source: Jerome S. Engel 2012 SILICON VALLEY INNOVATION CYCLES
- 14. FINTECH TRANSPORTATION SOFTWARE & INTERNET IOT INDUSTRY 4.0HEALTHCARE
- 15. HEALTHCARE
- 17. THE DIGITAL HOSPITAL IS TRANSFORMING MEDICINE Source: CB Insights
- 18. …AND A LOT OF IT IS HAPPENING OUTSIDE OF U.S. Source: CB Insights
- 20. THIS IS NOT MEAT
- 21. Source: CB Insights / MosaMeat THE FUTURE OF FOOD: LAB-CULTURED MEAT
- 22. LAB-CULTURED MEAT BRINGS ENVIRONMENTAL BENEFITS
- 23. TRANSPORTATION
- 25. Source: CB Insights MAJOR COMPANIES WORKING ON AUTONOMOUS
- 26. Source: Spoke
- 27. FINTECH
- 29. AI IN FINTECH Source: CB Insights
- 30. BLOCKCHAIN = DIGITAL TRUST P IDENTITY P NOTARY P DIGITAL ASSETS/SECURITIES P SMART CONTRACTS P DIGITAL VOTING P DISTRIBUTED STORAGE
- 31. INDUSTRY 4.0
- 33. 3D TRANSFORMATION DRIVING THE NEXT INDUSTRIAL REVOLUTION Today Industrial Revolution Blueprint design and mass production 3D Transformation Immersive and easier design and Prototype & Final Part “Digital” production Handmade and time intensive Pre- Industrial Internet Computer aided design and JIT machine production Next Industrial Revolution Democratization of Design and Ubiquitous production
- 34. IN THE NEAR FUTURE… 34 Source: Neotech AMT
- 38. Source: Wired BETTER GAMER THAN HUMAN VIDEO GAME PLAYING A.I.
- 39. Develop a model for how the flatworm regenerates Source: Wired Source: Wired 100 YEAR OLD SCIENCE PUZZLE SOLVED BY ALGORITHM IN 42 HOURS
- 41. IOT
- 42. IOT INVESTMENTS Funding in last year YoY Funding Growth Deals in last year YoY Deal Growth Avg Deals per Quarter Avg Funding per Quarter Biggest Quarter Biggest Quarter Q2’18 Q2’18 3,034 -1.84%$24.8bn +31.74% 652 $3.8bn
- 43. 43 Source: PCMag.com INTERNET OF ALL THINGS
- 44. 5G TO DRIVE NEXT IOT WAVE P TRANSPORTATION P ENTERTAINMENT P HEALTHCARE P ENERGY & UTILITIES P MANUFACTURING P AGRICULTURE P RETAIL
- 45. “THE CHANGE, IS MUCH FASTER THIS TIME AND SOCIETY MUST WORK MUCH FASTER; PERHAPS FASTER THAN THEY CAN. THE NEXT GENERATION WILL BE ONE OF DIFFICULT TRANSITION AS UNTRAINED MILLIONS FIND THEMSELVES HELPLESS TO DO THE JOBS THAT MOST NEED DOING.” - ISAAC ASIMOV (FATHER OF ROBOTICS) 1983 PREDICTIONS ABOUT 2019
- 46. WE ARE ALREADY SEEING THE ECONOMIC EFFECTS OF AI
- 48. PROTECTIONISM
- 49. NATIONALISM
- 50. A $200 TRILLION GLOBAL ECONOMY BY 2043 Source: Arvind Gupta, Indie Bio
- 51. 3 SPEED WORLD BY 2030: DIFFERENT REGIONS, DIFFERENT ISSUES United States (speed 1) Brazil Europe (speed 1) India Japan China (speed 2) Sub-Saharan Africa (speed 3) 2.1% Medical, AI, ICT, Batteries Global leadership Innovation GDP growth 2030 3.68% Leapfrog technologies Digital currency Quality of life Security GDP growth 2030 5% AI, Robotics, Batteries Global leadership Energy & resources GDP growth 2030 1.62% Cloud market Renewable energy Resource efficiency Digital single market GDP growth 2030 Real GDP 2010 Real GDP 2030
- 52. SO WHO IS BEST PREPARED FOR THE FUTURE?
- 53. “SUCCESS IS THE BALANCE BETWEEN TIGHT AND LOOSE CULTURES.” - MICHELE GELFAND AUTHOR OF RULE MAKERS, RULE BREAKERS
- 54. GET MY BOOK WWW.ACCELERATEDSTARTUP.ME GET THE SLIDES WWW.GOLOMB.NET/BEYONDIOT2