The Innovator's Radar newsletter enables you to stay on top of the latest business innovations. Enjoy this week's issue. Jennifer L. Schenker Innovator Founder and Editor-in-Chief |
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There is a lot of talk about Responsible AI but quantum computing, which promises to allow computers to run thousands of times faster, enabling new applications that deliver things like more sophisticated molecular simulations for drug development, models of traffic patterns for optimizing transportation or richer artificial intelligence, will introduce issues of its own. To address these, leaders from the global quantum industry will gather in Barcelona Nov. 7-9 to formulate recommendations and discuss harmonized global action, according to an announcement made this week. While it is hard to predict when quantum computers will be perfected, progress is moving fast. Its introduction is so close that there is now a push to have the United Nations proclaim 2025 as the International Year of Quantum Science and Technologies. The Barcelona meeting, which will take place during Puzzle X 2023, a conference that focuses on advances in exponential technologies such as quantum and their impact, aims to provide a platform to present the voice and recommendations of the quantum industry, says Zina Cinker, a globally recognized frontier material expert, strategist, and condensed matter physicist, who currently serves as the Director General of the Advanced Material Future Preparedness Taskforce (AMPT) — an international think tank and association of over 30 country chapters, orchestrating the global use of frontier materials to solve humanity’s most immediate challenges. In 2021 AMPT launched Puzzle X, with the support of the Government of Spain, Generalitat de Catalunya, and Barcelona City Hall. (The Innovator is a media partner of Puzzle X.) Read on to learn more about this story and the week's most important technology news impacting business. |
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When researchers at the European Organization for Nuclear Research (CERN), developed a cooling system for particles traveling at light speed through the world’s largest and highest-energy collider, they never imagined that the technology would one day be used to make corporate data centers more sustainable. Data centers currently use 1% to 1.5% of global electricity but as demand grows for new digital services and technologies, such as AI, by some estimates they could use as much as 20% of all electricity available worldwide, resulting in massive CO2 impact equal to that of the aviation and shipping industries combined. Much of the energy is used for air conditioning or fans to cool the servers but it’s the chips that are the source of the heat. A startup called Incooling, one of 52 new deep-tech ventures created by Dutch venture builder HighTechXL, found a way to use CERN’s phase technology to cool the chips directly, significantly cutting electricity use – and related CO2 emissions – while radically improving the performance of semiconductors. In June Incooling announced test results with chip maker AMD that established a new world record in central processing unit (CPU) performance, an example, the startup says, of the potential that cooling solutions can unlock when integrated with next-generation CPUs. That’s the kind of impact that HighTechXL seeks, says CEO John Bell, a former executive at both Philips and at Johnson & Johnson’s, where he collaborated closely with startups to co-create products. The venture builder scouts advanced technologies from research institutions and tech companies, assesses them based on their patent position, novelty, manufacturability, and knowledge transfer, then explores ways of using them to tackle grand societal challenges and begins the venture-building process. Its shareholders include Dutch chip equipment maker ASML and Dutch healthcare company Philips. “Deep Tech is needed to help solve the world’s most pressing problems but is complicated, highly risky and it takes time – it can take eight to ten years for companies to start earning revenues,” says Bell. “We believe that by putting together the right IP with the right people and mobilizing the Deep Tech ecosystem we are well positioned for success.” |
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Who: Henry Ajder, a speaker at Cog X In London September 12 to 14, is an expert and advisor on generative AI, deepfakes, and the synthetic media revolution. One of the first “GenAI Cartographers”, he has led pioneering research at organizations including MIT, The Partnership on AI, and Sensity AI, influencing international legislation and commercial AI strategy. Ajder advises organizations on AI and generative technologies, including Adobe, Meta, EY, BBC, and The UK government. He holds a visiting research position on generative AI and responsible AI strategy at The University of Cambridge’s Jesus College.
Topic: Generative AI
Quote: "My message to companies is novelty is not innovation. Don’t rush into Generative AI. Ask yourself if I build my product now will it give me a good return on investment or cause me a big headache? This is a sandstorm; things are shifting day by day so you want to be thinking not just about the next six weeks or the next six months but about what might be happening in terms of legislation and market trends." |
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Supermetrics, a data integration platform, has developed an out-of-the-box software-as-a-service data management and analysis tool to help marketers compile data in ready-to-use format and automatically move it to their favorite data crunching and reportipg tools, such as Google Sheets, Google Data Studio, Excel, business intelligence tools and data warehouses. The tool helps marketers and their teams see what is and isn’t performing, and pull data from multiple platforms to gain an overall unified view. Customers include Accenture, Dentsu and Electrolux. The Finnish scale-up, which reported €51.1 million in annual revenues last year, is not stopping there. The company, which was named in March of this year as one of the Top 100 Next Unicorns" by boutique investment banking company GP Bullhound and the Vivatechnology conference, has ambitions to become what founder and CEO Mikael Thuneberg calls a marketing intelligence Cloud. “We want to build things on top of the data to make it more valuable,” he says.” In the future people will be able to take actions on the data on our platform and we will be able to make recommendations for you.” |
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Size of the global market for key mass-manufactured clean energy technologies by 2030, a more than three-fold increase from today’s levels, according to International Energy Agency (IEA) projections. The IEA’s Energy Technology Perspectives 2023 report — which referred to “the dawn of a new industrial age” — looked at the manufacturing of technologies including wind turbines, heat pumps, batteries for electric vehicles, solar panels and electrolyzers for hydrogen. The forecast is based on countries around the world implementing, in full, pledges related to energy and the climate — a significant task that CNBC noted will require both political will and financial muscle. |
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Cybertech Europe, October 4- 5, Rome, Italy, Fall ‘23 VON: Telecom, AI, 6G, November 1-2, New York City, U.S. Puzzle X, November 7-9, Barcelona, Spain |
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