42.cx, Gabriele Zedlmayer & Martin Drexler, September 24th 2019
Many people keep asking about the connection between Yossi Vardi, the famous Israeli VC and Hubert Burda. It all started with a small conference in Beer Sheva almost 20 years ago called “Cool people in the hot desert”. This first major conference of the Hubert Burda Center in cooperation with Yossi Vardi was created to build a bridge between Germany and Israel by fostering dialogue and collaboration in innovation. Today, in 2019 this exchange and collaboration is alive and kicking and we were lucky to once more attend the DLD Tel Aviv Innovation Festival which took place for the 9th time.
This year´s program also featured a very special event: Friends of the DLD family were invited to participate in the first Palestinian International Digital Conference which took place at the Convention Palace Company in Bethlehem featuring the Entrepreneurial Eco-System in Palestine. The conference was organized by the Global Shapers Hubs in Palestine which is a community of the World Economic Forum, in partnership with the Ministry of Entrepreneurship & Empowerment and Hubert Burda Media.
And what a great experience we had – the Prime Minister of the State of Palestine H.E. Dr. Mohammad Shtayyeh kicked the day off with a passionate speech about his country´s need to reinvent itself under very difficult political circumstances. He urged the young entrepreneurs from Palestine to act with an amazing sense of urgency as he kept saying that “Palestine should not aim to be up to date but up to tomorrow”.
Many cabinet ministers (Transportation, Entrepreneurship, National Economy, Telco and IT) supported the Prime Minister´s points with facts and figures from their respective departments. The highlight of the day were the start up pitches from a series of highly motivated young entrepreneurs from places like Bethlehem, East Jerusalem, Gaza, Ramallah and Nablus. Overall, a memorable experience for all of us!
Again, DLD Tel Aviv was a trip worth making! 42.cx was very well represented with Martin, Nicole and Gabi – and we also had a great time hanging with InspiringFifty winners Begonia Meraya, Katja Speck and Katja Hutter.
Main topics this year were AI for good, “start-up nations”, future of banking, mobility and education.
Themes that were repeated in many sessions and resonated with folks:
As the world is experiencing the biggest and fastest transition ever, a common thread throughout the conference was the notion of the move from “shareholder value to stakeholder value”. Many of the panelists emphasized that innovation is a tool rather than a target and that business as usual is no longer an option and more and more companies are moving to a triple bottom line approach.
Reasons for this change of mind are many folds: the business case, customer expectations, scarcity of resources, costs, and regulations to name a few. Representatives from the WEF emphasized that specifically the regulators are slow to adjust to these new realities as they are held back by legacy systems and are therefore moving rather slowly.
One key observation was a sharply increasing trend in ESG (Environmental, Social, Governance) investments with 30 Trillion dollars being invested in social impact funds. While this is a strong indicator that social and environmental concerns are increasingly part of companies’ strategies it is still not clear how quickly this will become a mainstream movement and whether governments will follow suit. What is clear however, is that we will need very tangible ESG measures and KPIs to better enable collaboration between different partners in the ecosystem.
An interesting aspect was also the notion that for Innovation to flourish you need
Some governments are leading the way here as they are dismantling practices of the last 45 yrs., supporting more up to date and forward-looking directives.
A recurring topic at the conference was education and training as we need to support the new reality of lifelong learning in a rapidly changing world. To better enable governments to support fundamental changes in their education system it was debated whether it makes sense to setup impact funds that have very specific education goals tied to them. For each country the idea would be to specify the number of girls to be trained, the number of boys, the number of disabled children, specific population groups and so forth. This would be managed like a business portfolio with clear KPIs and governments’ investments into the future of their kids could be directly tied to positive outcomes.
It was highlighted frequently that changes are hitting us with exponential speed and that we need to take our destiny in our own hands and more or less reboot ourselves rather than keep repeating recipes that worked in the past. Life long learning is a new reality!
Other interesting topics included the future of banking with new players in the finance space – highlighting that specifically Telcos have the infrastructure, client base, technology and data to play a major role in providing banking services to potential customers. Mobility was also big topic at DLD Tel Aviv – especially when it comes to autonomous driving. There was consensus that this is a gradual transition – first in restricted areas, then in smaller cities and only later a full implementation in large metropolitan areas. The major challenge being the interface between human and non-human drivers. People need to understand that the transition also means that the focus will be on commercial fleets versus individual cars.
Many mobility experts believe that the technology is ahead of the business model and it will take a few years to figure out who owns what in the mobility space. And again, the ethical and governmental dimension plays a huge role and has not been figured out yet.
On the topic of AI in general there were some good discussions about the need to bring a new kind of ecosystem together to design our future world – including psychologists, anthropologists, philosophers, researchers, politicians, non-profits etc. The general population also needs to start getting engaged in the discussion and decide for themselves what is acceptable to them versus not. A good example is that people tend to be quite negative when it comes to face recognition mechanisms being deployed, yet they fully support the progress in the space of autonomous driving. This area, however, is based on the very same technology.
Overall, the conference was yet another wake up call to all of us. We need to be more “disobedient”, take more risks, experiment more, and keep building our skills and competencies to be able to make smart and informed decisions. And we need to speak up when it comes to the kind of world, we want to live in. This is the time to get engaged and help shape our future together and each of us plays a crucial role!
42.cx, December 23rd 2019
Dear Partners & Customers!
During this festive season of giving, let us take time to slow down and enjoy the simple things.
May this wonderful time of the year touch your heart in a special way.
Wishing you much happiness not just today, but throughout the New Year!Read more...
42.cx, November 15th 2019
Once again 350 renowned participants from the areas of business, science and politics are expected at the 2019 DIGICON and will hold visionary presentations and discussions. Accompanying the convention will be the pitch battle for the 4th Munich Digital Innovation Award as well as the Marketplace of Innovation, which will give successful start-ups, KMU’s and large companies the opportunity to present groundbreaking innovations. We are proud to speak about "IP Assets: An Awakening in the Market? How to use Artificial Intelligence....Read more...
42.cx, Kurt Hornburg, November 13th 2019
In Nobel Prize winner Robert Shiller’s new book “Narrative Economics”, Shiller advocates ‘stories do still matter’ – that narratives based on fact or fiction can go viral and influence the actions of consumers and firms. Hence, economists should pay more attention to people’s narratives and be better story tellers themselves. Hannah Fry, a Professor in mathematics at University College London, uses stories effectively in her entertaining and accessible book about data.....Read more...
42.cx, November 13th 2019
During a global partner conference of an international M&A firm in Madrid, 42.CX presented the utilisation of IP and Intangible Asset analytics to enhance the process of M&A related short-list generation. Traditionally, when Company X wants to expand in a particular technology area and wants to prepare a list of potential acquisition candidates, questions around how to identify targets or how to rank them arise. A classical job for an M&A advisory firm. 42.cx presented a machine learning based approach, where an M&A target list was....Read more...
42.cx, October 28th 2019
42.CX, represented by Jivka Ovtcharova, presented at the ICMEE 2019 in China. The ‘2019 International Conference on Mechanical Engineering Education’, held by Chinese Mechanical Engineering Society (CMES), American Society of Mechanical Engineers (ASME) and Institution of Mechanical Engineers (IMechE), is a high-level standard activity in the area of mechanical engineering education. This conference is co-operated by CMES, ASME and IMechE, National Mechanical Engineering Teaching Advisory Board under the Ministry of Education and MEUEE....Read more...
42.cx, Nicole Büttner-Thiel, September 30th 2019
AI, machine learning and robotics have become omnipresent in daily life and headlines. While innovators are ravishing that it can eradicate close to all of humanity’s problems and data and machines will in future take all the decision. At the same time, the public debate about the impact of these technologies is often fundamentally pessimistic painting a picture of superintelligent machines taking over the world to dominate and eventually eradicate the human race. The response to this is often defensive, trying to fend off disruptive forces to preserve a status quo and even idealize ....Read more...
42.cx, September 25th 2019
The global innovation race is heating up, with advances in artificial intelligence, blockchain, biotechnology, data storage and other cutting-edge technologies transforming sectors and global markets. This is also evidenced in the fact that the ratio of tangible to intangible assets of industry leaders around the world has been seeing ....Read more...
42.cx, Gabriele Zedlmayer & Martin Drexler, September 24th 2019
Many people keep asking about the connection between Yossi Vardi, the famous Israeli VC and Hubert Burda. It all started with a small conference in Beer Sheva almost 20 years ago called “Cool people in the hot desert”. This first major conference of the Hubert Burda Center in cooperation with Yossi Vardi was created to build a bridge between Germany and ....Read more...
42.cx, August 6th 2019
It is a man-made development that demands much from its habitual-loving creator: digitization. Your constant companion: the change. How is digital progress changing people? What role do our senses play in this? And to what extent must people rethink and reorganize companies in order to advance digitization in Germany? These and other questions are answered...Read more...
42.cx, July 29th 2019
KARLSRUHE, Germany, July 29, 2019 The Karlsruhe Institute of Technology (KIT) announced the establishment of the Center for Artificial Intelligence Talents (CAIT) located at the university's campus. CAIT considers digital education and the use of AI for everyone as a core requirement for professional success and participation in social and professional life...Read more...
42.cx, July 9h 2019
ARTIFICIAL INTELLIGENCE puts the world in which we live and work in a fundamental upheaval. Like never before, whole industries and lifestyles change. A race for the future has begun at a moment when a great deal is at stake. "Any profound change also offers new opportunities for all who recognize the signs of the times." Under this motto, the Institute for Information Management in Engineering at the Karlsruhe Institute of Technology is...Read more...
42.cx, Giacomo Bonavera, June 14h 2019
42.cx is the leading research, advise and market intelligence provider for financial institutions in the area of Artificial Intelligence. As an independent authority, 42.cx classifies the AI market and constantly monitors 11.000+ companies in the field of Artificial Intelligence. 42.cx issues Market Intelligence Special Reports to different topics about the AI industry.
NVIDIA (NASDAQ: NVDA) share price slumped to half the value from its last year highs. While...Read more...
42.cx, PRESS RELEASE, May 10h 2019
The expert members of the 42.cx Index Rebalancing Committee Meeting got together and conducted the quarterly review of the AI-42 INDEX™ constituents, discussed the latest Artificial Intelligence trends and shared market insights from their delegation visit to China. The rise of AI companies globally is continuing, with the AI-42 INDEX™ Q1/2019 closing at 10.677,55 points, an increase of 2.465,24 points (+30,02%) since the beginning of this year. The index, which is expressing the global growth of the...Read more...
42.cx, Mike Halsall, May 7th 2019
In February 2018, the FT published an article outlining ‘Why we are in danger of overestimating AI’, arguing that ‘considerably more work is needed before we can reach the long-dreamt-of moment when machine intelligence matches the human variety’. By 2030, just 11 years from now, China has vehemently expressed its ambition to ‘lead the world in AI’. Is this a realistic ambition, or has China become entirely conceited in the midst of its new-found wealth and growing economic muscle?Read more...
42.cx, PRESS RELEASE, March 29th 2019
41.35% of so called AI companies do not use AI at all. 10,861 public and private companies have been analysed worldwide. New AI Market Intelligence Platform helps Venture Capital firms, Private Equity companies, asset managers, analysts, family offices and financial institutions to identify investment opportunities.
42.cx, Gabriele Zedlmayer, March 15th 2019
So there seems to be trouble in Paradise. The globe is facing massive challenges like climate change, cyber-crime, shortage of available resources, political instability and the potential of massive job loss because everything that can be automated will be. At the same time, we are seeing unprecedented opportunities like we have never before. Algorithms help us to better diagnose, predict and prevent diseases, they revolutionize the education sector by treating each student as an individual, and they free us from many repetitive and often cumbersome tasks.Read more...
42.cx, Anne Gfrerer, March 9th 2019
In the last years, technology has gradually become invisible and digital ubiquity is arising in our daily work and private lives. This is also true for artificial intelligence and its impact for companies to succeed in the digital age. Organizations must foster their digital readiness, which decides about their future business model and which encompasses a...Read more...
42.cx, Jivka Ovtcharova, February 21st 2019
We live in exciting times. Artificial Intelligence (AI) is fundamentally transforming the world with all its facets. Even if it has been around for a while in science and technology, aiming to create machines with some form of human intelligence, over time AI has become an inseparable part of our daily lives, personal as well as professional. Online searching engines, financial transactions, digital personal assistants, image and voice recognition are...Read more...