Q3 Report: Tech Market Destabilizations and Advancements
In this tech market round up, we take a look at some of the biggest product launches and market shifts destabilizing the global tech markets.
Bubbles Forming in The Venture Capital Market
Forward thinking investment strategist Karam Hinduja of Timeless Media says there is heavy evidence of an approaching venture capital bubble.
According to Hinduja, the venture capital industry has ballooned over the past decade. Recent research has found that the size of the sector has effectively tripled in just ten years: in 2008, $53 billion worth of capital was invested in startups, but by last year the figure was $160 billion. Over that time, deal count has more than doubled.
More than $130 billion worth of financing found its way to some 8,400 U.S. companies last year, a record which even beats the capital invested in 2000, in the heady days of the dot-com age
Just as the industry has grown in size over the past 10 years, so has it increased in attractiveness. Venture capital has become sexy—drawing more and more budding investors to the space, in the hopes of being able to find and fund the next Facebook or get behind the next sexy venture.
Such thinking has led to huge bubbles and valuations that are, ultimately, unjustifiable. Investor disquiet at Softbank’s Vision fund—which was recently reported to be buying stakes in companies with inflated valuations—has shone a spotlight on the issue. But valuations are often not determined based on a hard view of a company’s real revenue and earnings. According to recent estimates from the National Bureau of Economic Research, unicorns are, on average, about 50 percent overvalued.
Artificial Intelligence Takes A Momentous Leap Forward with DeepCube
Up until recently, deep learning devices- such as Amazon’s Alexa or the Iphone’s Siri- have been relegated to cloud based learning- which entails lengthy wait times and slower response stimuli assimilation and optimization.
In recent groundbreaking developments led by DeepCube, the AI space has taken a giant step forward with the shift towards inference focused deep learning (modeled after how neural networks of the human brain develop) on edge devices.
DeepCube’s innovation has enabled intelligent edge devices-e.g., mobile devices, security cameras, drones, agricultural machines,… to make truly autonomous decisions by allowing software to run 10X faster while using less memory.
Such innovation has spawned many new potentialities in the field, including possible applications for personalized healthcare management as well as autonomous drones.
In the case of the healthcare management applications, DeepCube’s deep learning model allows for new possibilities of smartphone apps and/or wearable device (e.g. smart watch) that can collect health data- such as blood glucose or oxygen levels, as well as vital signs- such as heart rate, blood pressure and body temperature and provides real-time recommendations to users to help them improve their lifestyle and health, including predicting and preventing both small (e.g. cold or sleep deprivation) and dire health problems (e.g. diabetic shock or seizure)
DeepCube has also created the potential for autonomous drones that can operate without human intervention and Internet connectivity – this can range from autonomous drones for precision agriculture and surveillance to autonomous vehicles for driving people and delivering food.
The Next Generations of Robotics and Mobile Phone Technology
Now- to debut some of the biggest new product releases hitting the market, we provide an exclusive interview with 37-year-old entrepreneur Stephen Delaporte who has spent his career focused on the development of dynamic hardware technologies with embedded intelligence.
With breakthroughs in robotics that have caught the attention of some of the largest companies in the world, and revolutionary work in foldable flexible display devices envisioning a newly evolving area of the mobile device market, who better to discuss the rise of both major areas of innovative hardware.
1.As the CEO of Avar Robotics, how do you lead the engineering of next-generation robots?
Whenever I start a new company, I typically begin by single-handedly developing and building the initial prototypes for the core technology, and then from there, this usually attracts a small team of engineers and executive management. For Avar, I began by working on our first pick and place robot, Coda, which was initially designed to sort parcels as its primary application. I developed and built the entire robotic system part-time over a six-month period and also self-funded this initial phase. Coda, which was also built as a lower-cost alternative to large-scale robotic arms, has now evolved into a fully autonomous mobile robotic system for material handling called Prefius, which requires no human labor.
2. Manipulation with high variance is one of the “holy-grail” problems in the robotics industry. How has Avar Robotics solved this problem?
Creating a manipulator which can handle items that have large weight, size, and geometric variance within a real-world environment is often solved through the use of a hand-like gripper which requires many actuators and sensors. The problem with this approach is that there are numerous points of potential failure when you have so many hardware components and sensor feedback loops required to generate a robotic action, and the cost of this kind of solution is also higher because of the complexity and number of unique manufactured parts needed for each gripper assembly. At Avar, we decided to take a step back and rethink the problem from the ground up. We decided that if one could physically standardize all the items in an entire warehouse or store, one would then have the means to create a simple gripper that could potentially only require a few sets of motors and sensors rather than having a dozen or more sets of motors and sensors.
3.What led you to establish Lepton Computing, the IP holding company for your reconfigurable mobile device inventions?
After the iPhone came out in 2007, I was, as many people were, completely intrigued by this new technology that diverged so much from what had existed in the marketplace for mobile devices prior to its launch. As amazing as the iPhone was, I remember having difficulty in viewing the tiny first-generation iPhone display when I was driving to a lecture that was being given on genetic research at Cold Spring Harbor Laboratory at that time. I thought at that moment that if the display could be expanded or folded out with a larger size, a consumer could benefit from having a pocket size device that could also act as something closer to a touch screen laptop (since this was a few years before the iPad or tablets existed as a major part of fast-growing mobile device industry). In retrospect, if the iPad had already been launched at that time, I might have just said to myself – let me buy an iPhone and an iPad, and then all my problems will be solved, but instead I envisioned and began building foldable mobile device prototypes that would allow the display to unfold and expand with versions that integrated tiled displays and flexible displays. And that’s how Lepton began.
Yoola Launches Celebrity Brand Platform Yoola Ventures
Yoola, one of the largest YouTube multi-channel networks in the world – with over 10 billion monthly views –is launching a new development and investment division – Yoola Ventures. The division will work alongside top international creators and influencers to develop new products, brands, content, and experiences. The company’s latest venture is a wellness e brand co-founded with award-winning actor, philanthropist and entrepreneur Ian Somerhalder, and brand management platform Mingyian.
“Working closely with our creators has been the foundation of our company. We’re now able to take our relationships with creators a step further and work alongside them to create new companies that leverage both the creator and our passion, knowledge, and audience.” cited Eyal Baumel, CEO of Yoola.
Yoola’s first venture under the new division – Yoo,is a fast fashion brand where all collections are designed by influencers and creators. Among the creators and influencers to launch collections under the Yoo brand are Slivki Show (15M subscribers on YouTube), Brian Maps (12M subscribers on YouTube), Maryana Ro (6M subscribers on YouTube), and Pozzi (6M subscribers on YouTube)
Copenhagen, Demark sets International Standard For Energy Efficiency
Finally, in the energy tech sector, the city of Copenhagen led by eco-conscious investor Alshair Fiyaz is making international headlines for the successful build out of a green-energy district in Copenhagen called Bellakvarter, whose forward thinking design significantly reduces greenhouse gas production and waste.
Heading the effort are plans for central wind power to become Bellakvarter’s primary energy source. The wind turbines are expected to generate a whopping 1.2 Million Kilo Watts of power per year– nearly eliminating the city’s former reliance on power plants.
Bellakvarter is rapidly becoming a blueprint precedent for how other cities can adapt to meet the common challenges of population growth, energy conservation, and quality of living standards.
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