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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Open AI began as a nonprofit research lab because its founders didn’t think artificial intelligence should be pioneered by commercial firms. It needed to be developed by an organization, as Open AI’s charter puts it, “acting in the best interests of humanity.” It experimented with having a not-for-profit board, responsible for ensuring the safe development of AI, overseeing a for-profit commercial business. This uneasy relationship blew up over the last week when the board fired chief executive and co-founder Sam Altman. Microsoft, which has invested $13 billion in OpenAI, called for the governance structure to change and offered Altman and OpenAI President Greg Brockman the chance to start a new AI-research group there. The majority of OpenAI’s staff threatened to resign. Altman returned to OpenAI and the organization’s board of directors is being overhauled. The full story behind the drama has yet to be unveiled but begs the question: “Can one organization, or one person, maintain the brain of a scientist, the drive of a capitalist and the cautious heart of a regulatory agency?” as New York Times journalist David Brooks nicely put it in a column entitled "The Fight For The Soul Of AI." Or, as journalist Charlie Warzel wrote in The Atlantic, “will the money always win out?” OpenAI’s internal struggle is not just about ensuring AI safety, although that, too, is a concern. It is about purpose. Will AI be harnessed to solve some of the world’s biggest problems, such as combating climate change and eradicating disease? Or will the world allow a handful of monopolists to cause harms to society while building the equivalent of a new global pharma industry that controls access to breakthroughs and puts profits first?
Public money should be “invested ASAP in open research, as I said in my public address at OECD last week, to an extent that matches the research output levels achieved collectively by private AI research (OpenAI, Meta, Anthropic and everybody else),” says serial AI startup founder Benoit Bergeret, Executive Director, ESSEC Metalab for Data, Technology and Society, Co-founder of Hub France AI and a member of the OECD Working Group On AI Futures."The rationale for this is the steering of research towards a for-profit agenda that I think should be countered. It would be a pity to see AI become the next Big Pharma. Public funding of AI research should not just be commensurate to private funding (at least in research productivity), it should also be open sourced and synchronized across borders." Accelerating science could be the most economically and socially valuable use for artificial intelligence, Alistair Nolan, a senior policy analyst at the OECD wrote in a blog post this week. It could lead to benefits that private AI research isn’t interested in other than in a siloed fashion, possibly facilitating large scale funding of AI research, says Bergeret. Read on to learn more about this story and to get the week's most important technology news impacting business. |
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Cooling Photonics, a startup created from the research of the Phononic and Photonic Nanostructures Group at Spain’s ICN2 science institute, is developing passive cooling solutions that reduce energy consumption, with zero carbon emissions, with the aim of increasing systems performance while decreasing operating costs. Its nano-fabricated coating material, applied on any surface hotter than the surrounding air, dissipates heat in the form of infrared radiation, reducing its temperature, even under direct sunlight. Repsol, a multinational energy company based in Madrid, got an early glimpse of the technology thanks to the Mobile World Capital Barcelona Foundation, which launched The Collider, a venture building program that aims to source science at research organizations and universities and create impactful businesses out of them. The exposure prompted Repsol’s Technology Lab, (pictured here) to form an alliance with Cooling Photonics to explore different use cases for the Spanish startup’s technology. Europe has always been strong in deep tech but for decades has failed to successfully commercialize its biggest scientific and technological breakthroughs. Mobile World Capital Barcelona, a member of the European Deep Tech Alliance, aims to change that dynamic by validating scientific results in the market, building balanced teams between scientists and entrepreneurs, developing business plans, incorporating young companies. and then introducing them to investors and the large corporates who can help them grow. The involvement of large corporates is crucial to ensuring that science is successfully commercialized, says David Domingo, MWCapital’s International Ecosystem Manager. In addition to Repsol, MWCapital counts Enel, CaixaBank, Bayer, ACCIONA Energia, CEPSA, Naturgy, Telefónica, Vodafone, Orange, and Spanish brewery Damm among its corporate partners. |
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Who: Jerome Ribeiro is the Founder of Human AI, which aims to establish technological innovation hubs across Africa and make AI accessible and relevant for local populations through AI training for candidates, teachers, and coaches. The platform offers certified and qualifying courses, a recruitment platform that aligns values and skills of both candidates and companies and a service marketplace which offers local expertise to companies across the world. Human AI inaugurated the first House of Artificial Intelligence in Africa, in Oujda, Morocco, in 2022. It has now established 17 AI Spaces in Africa. Ribeiro is also Vice-President of the AfriquIA Institute, which educates people on the challenges of AI through conferences, symposiums, and workshops.
Topic: How companies can prepare their workforce for artificial intelligence.
Quote: "AI represents an opportunity for those who know how to master it wisely. Those that ignore it risk being left behind." |
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When large corporations scan for vulnerabilities in their software they might find between 1,000 to 100,000 issues that need fixing, and it can take a full hour to review each one. On average about one in four vulnerabilities are exploitable and each one takes about five hours to fix. Application security teams can’t keep up with this never ending cycle, resulting in vulnerabilities typically being left unfixed for months, making companies more susceptible to attacks from bad actors. “That is the issue we solve,” says Eitan Worcel, CEO and Co-founder of Mobb, a Boston, Massachusetts-based startup that offers automatic vulnerability remediation to help security teams reduce backlogs and more effectively protect assets. Mobb won first prize at the Black Hat USA 2023 Startup Spotlight competition. |
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- N U M B E R O F T H E W E E K |
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Size of the settlement reached in a years-long money laundering probe by the U.S. government into Binance, the world's largest crypto exchange. The deal, which will see Binance Chief Zhao Changpeng personally pay $50 million of the fine, was described by prosecutors as one of the largest corporate penalties in U.S. history. Binance broke U.S. anti-money laundering and sanctions laws and failed to report more than 100,000 suspicious transactions with terrorist groups including Hamas and al Qaeda, as well as the Islamic State of Iraq and Syria, authorities said in a story reported by Reuters.The exchange also never reported transactions with websites devoted to selling child sexual abuse materials and was one of the largest recipients of hacker ransomware proceeds, they said. The U.S. Justice Department is reportedly seeking an 18-month prison sentence for Zhao, the maximum suggested under federal guidelines, The conviction is another blow to the crypto industry, which has been beset by investigations and comes on the heels of the recent fraud conviction of FTX founder Sam Bankman-Fried. |
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DLD, January 11-13, Munich, GermanyWorld Economic Forum Annual Meeting, January 15-18, Davos, Switzerland.4YFN, February 26-29, Barcelona, Spain, February |
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