This regularly-updated collection from Atomico discusses interesting things in tech and VC that may not receive widespread attention. It includes questions about Macron's ability to implement his pro-business agenda in France and boost the country's tech sector. Other items discuss the rise of new internet giants in China called TMD, emerging trends in Europe's investing landscape including more sector-focused funds, and legal and policy issues around law enforcement access to consumer data from IoT devices and tech companies. Recent M&A deals are also summarized, such as Gett acquiring Juno and Cisco purchasing Viptela.
Internet trends 2015.05.27 | KPCB Internet trends 2015Dmytro Lysiuk
INTERNET TRENDS 2014 – CODE CONFERENCE
Mary Meeker
May 27, 2015
kpcb.com/InternetTrends
See last years vision and compare with reality here http://www.slideshare.net/dymil/internet-trends-2015-49213397
Machine Learning is the new buzz word and AI is the slang word these days. What does happen in this exiting field in Europe? Is AI common ground for all businesses or the exclusive territory for a few? Who has managed to validate a business model for autonomous vehicles or chatbots? What does data-driven or API-first business models look like?
Digital Business. Countries – leaders, issues, initiatives. Companies – shift...Natalia Berdyeva
Objectives:
- Provide analysts and some industry leaders view on Digital development and future, on Countries and Companies levels
- Outline key issues, shifts, implications. Not everything, but certainly important things to consider
The aims of the presentation are to:
- Present what leading analysts say on trends in 2015
- Outline what new skills will be required in 2015+
- Suggest some market niches for growth
with focus on IT market.
Global Technology Trends & Top Ten Startup Hubs 2016Bernard Moon
Update report that provides an overview of general technology trends, global venture capital trends, and startup trends around the world. Snapshots of the top 10 startup hubs in the world: Silicon Valley, NYC, London, Stockholm, Berlin, Tel Aviv, Beijing, Seoul, Boston, and Los Angeles.
Technological innovation is reshaping markets and creating new opportunities for businesses at a faster rate than at any other time in living memory. But to realise the promise of greater economic growth, incumbent businesses, challengers and the policymakers who regulate them need to find a balance that encourages fairness without either stifling entrepreneurialism or compromising the public interest.
Finding this balance has proven difficult for businesses and industry regulators alike.
In order to build greater understanding of the trade-offs at play in ensuring a level playing field, this report explores the specific challenges that regulators face when it comes to disruptors, and explores workable models for increased collaboration between the public and private sectors.
Internet trends 2015.05.27 | KPCB Internet trends 2015Dmytro Lysiuk
INTERNET TRENDS 2014 – CODE CONFERENCE
Mary Meeker
May 27, 2015
kpcb.com/InternetTrends
See last years vision and compare with reality here http://www.slideshare.net/dymil/internet-trends-2015-49213397
Machine Learning is the new buzz word and AI is the slang word these days. What does happen in this exiting field in Europe? Is AI common ground for all businesses or the exclusive territory for a few? Who has managed to validate a business model for autonomous vehicles or chatbots? What does data-driven or API-first business models look like?
Digital Business. Countries – leaders, issues, initiatives. Companies – shift...Natalia Berdyeva
Objectives:
- Provide analysts and some industry leaders view on Digital development and future, on Countries and Companies levels
- Outline key issues, shifts, implications. Not everything, but certainly important things to consider
The aims of the presentation are to:
- Present what leading analysts say on trends in 2015
- Outline what new skills will be required in 2015+
- Suggest some market niches for growth
with focus on IT market.
Global Technology Trends & Top Ten Startup Hubs 2016Bernard Moon
Update report that provides an overview of general technology trends, global venture capital trends, and startup trends around the world. Snapshots of the top 10 startup hubs in the world: Silicon Valley, NYC, London, Stockholm, Berlin, Tel Aviv, Beijing, Seoul, Boston, and Los Angeles.
Technological innovation is reshaping markets and creating new opportunities for businesses at a faster rate than at any other time in living memory. But to realise the promise of greater economic growth, incumbent businesses, challengers and the policymakers who regulate them need to find a balance that encourages fairness without either stifling entrepreneurialism or compromising the public interest.
Finding this balance has proven difficult for businesses and industry regulators alike.
In order to build greater understanding of the trade-offs at play in ensuring a level playing field, this report explores the specific challenges that regulators face when it comes to disruptors, and explores workable models for increased collaboration between the public and private sectors.
http://www.ericsson.com/thinkingahead/networked_society
Digitalization has unleashed a wave of transformation across a range of industries. The pace of change has been mind boggling and will only continue to accelerate. Everything from business models and product categories to financing and human resources will transform in order to take advantage of the possibilities of the Networked Society.
Latest collection of things we (Atomico) found interesting and important in tech and VC land, but that didn’t necessarily get the attention they deserve. We think of them as our hidden little gems. We’ll add to the collection over time, so bookmark the page and keep coming back for updates or to dig into the archive.
📗 Fintech Trends for 2022 – Building for Resilience & Security
Since we first published our white paper on the state of play for technology in modern financial services, a lot has gone on.
However, the overarching themes of this paper remain relevant: financial services and products must be based on trusted, secure and resilient tech for the exciting innovations in the industry to take hold.
Our Fintech Marketing Lead, Michael Jaiyeola, produces this paper in collaboration with our global fintech clients, internal engineering and project management teams and influential subject matter experts [see below].
👉 Discover 5 key tech trends shaping modern financial services.
👉 Learn how to bridge the gap between business and tech functions for strategic success.
“Here we bring you a report that describes some of the technologies needed to be competitive, agile and innovative in this new age of human-centric technology.”
@Phil Harrison, CCO Fintech Trifork & Erlang Solutions.
#emergingtech #financialservices #diversityandinclusion #womenintechnology #futureofwork #distributedcomputing #systemresilience #cybersecurity #web3 #blockchain #cbdc #payments #ai #embeddedfinance #opensourcesoftware #functionalprogramming #erlang #elixirlang
We are pleased to give to you the 2015 Innovation Forecast Report. We used the principle of the triple helix while inviting influencers to co-author this edition. Thus, in the report you can find publications of entrepreneurs, scientists and government representatives. Such a combination allows to show different perspectives of thinking and bringing innovation into life.
Among the invited authors are:
Paweł Adamowicz - The Mayor of the City of Gdańsk
Sebastian Grabowski - Director of the Research and Development Centre, Orange Poland
Paweł Tkaczyk - guru of branding and allfather of Midea
Izabela Disterheft - Director of Gdansk Science and Technology Park
Sebastian Brzuzek - Head of Innovation in Meritum Bank ICB
Krzysztof Kanawka - scientist and Leader in Blue Dot Solutions
Agata Kukwa - CEO, dlaodmiany.pl
Bartosz Rychlicki – CEO, Quantum Lab
Wojciech Drewczyński – Product Owner, Gamereer
and
Marcin Kowalik – Managing Partner, Black Pearls VC
All of the authors pointed out an important trend that is worth following. Using help of Jamel interactive agency and their solution called Social Board we gathered references to these trends published by internet users worldwide. With simple click on a hashtag under each forecast you will see how the trend is growing around the world and how ideas that are connected to that topic are developing.
http://innovation.socialboard.pl/
Whitepaper: Why banks need to move if they want to own banking in the future.Stefan F. Dieffenbacher
1. Executive Summary
Driven by the top Internet players the speed of change in the financial services market is rapidly increasing. To secure their business and generate further growth these Internet players are forced to attack additional markets and the financial services market is one of them.
They will conquer the financial services market by
• utilizing their global customer base and advanced customer intelligence (data),
• by connecting today separated services to an eco system using technology and delivering advanced user experience
• and their ability to move fast.
Their entry point to the financial services market is the offering of payment services to their clients through the use of their mobile devices. Extending the functionality of wallets will challenge classical retail banking’s value proposition as these Internet companies can go far beyond classical value propositions.
Some traditional financial services companies already start to understand that the time for a change has come, as these developments will challenge their core business models in very few years. For the first time, this many large-scale companies are starting to invest in programs in large excess of €500m to become better in digital.
While huge investments are not a sufficient reaction to the challenges of the market, players that will not follow the trend will lose their current position in the next years.
Traditional bank’s service offering and channel mix needs to be further rethought and adapted, followed by a fast-paced execution to respond to today’s quickly emerging reality. Players who are not able to manifest their position in the digital channels soon will be challenged in their existence.
The strategic transition needs to be guided by a short-term tactical approach to seriously start earning money in digital. On top of the pure positive financial impact of such a tactical approach, achieving significant sales through a much stronger public website as well as data-driven up- and cross-selling measures will start a cultural shift within the bank. When executives and employees discover that suddenly the digital channels generate large amounts of money, a movement of change could be kicked off. That would be the basis to understand the urgency and the possibility to develop a guiding coalition – the start of any strong change process.
2. Introduction
We are convinced that banks needs to even further raise their attention to their Digital Channels and some necessary adoptions of their business models to stay long term successful. We have rationalized our analysis and proposed actions by a large body of research and facts, which provide deep evidence and insights in recent market evolutions.
To provide a complete picture we showcase recent alterations and transformations in diverse industries, highlight the changing face of the insurance industry and subsequently dive into an analysis of the banking industry. We cover w
Why and how is the power of big teach increasing?Araz Taeihagh
Abstract: The growing digitalization of our society has led to a meteoric rise of large technology companies (Big Tech), which have amassed tremendous wealth and influence through their ownership of digital infrastructure and platforms. The recent launch of ChatGPT and the rapid popularization of generative artificial intelligence (GenAI) act as a focusing event to further accelerate the concentration of power in the hands of the Big Tech. By using Kingdon’s multiple streams framework, this article investigates how Big Tech utilize their technological monopoly and political influence to reshape the policy landscape and establish themselves as key actors in the policy process. It explores the implications of the rise of Big Tech for policy theory in two ways. First, it develops the Big Tech-centric technology stream, highlighting the differing motivations and activities from the traditional innovation-centric technology stream. Second, it underscores the universality of Big Tech exerting ubiquitous influence within and across streams, to primarily serve their self-interests rather than promote innovation. Our findings emphasize the need for a more critical exploration of policy role of Big Tech to ensure balanced and effective policy outcomes in the age of AI.
Keywords: generative AI, governance, artificial intelligence, big tech, multiple streams framework
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
2. This is a regularly-updated collection of things we
(@atomico) found interesting and important in tech and VC
land, but that didn’t necessarily get the attention they
deserve. We think of them as our hidden little gems. We’ll
add to the collection over time, so bookmark the page and
keep coming back for updates or to dig into the archive.
Lovingly put together by @twehmeier & @stephen2206
2
3. ● How successful will Macron be in implementing his policy agenda,
specifically those centred around improving the competitiveness of
the French economy?
● What impact will Macron’s election have on the remarkable rise of Le
French Tech?
● Macron’s campaign was a strong supporter of the importance of
technology, and Macron had aligned himself closely to the local tech
ecosystem
● Despite the incredible rise in France’s tech ecosystem, barriers to
starting and scaling companies still remain, in particular in terms of
the French labour market. Macron’s policy agenda has promised to
tackle these issues head on - a proposal that was warmly welcomed
by France’s tech base
● Outside of employment law, other key policies he has proposed
include tax liberalisation and promoting angel investment
3
What do you need to know?
Why does it matter?
Key questions
● Emmanuel Macro won a landslide victory against Marine Le Pen,
winning the vote in the second presidential run-off by 66%-34%
● Following a rejection of populist politics in Austria, the Netherlands
and now France, these parallel movements have now been beaten
into partial retreat in mainland Europe
● Macron enjoyed huge support in the French tech community thanks
in part to the entrepreneurial spirit that he embodied as a relative
newcomer who has now successfully “disrupted the French political
landscape”
Landslide
Source: https://www.ft.com/content/d7621362-2f38-11e7-9555-23ef563ecf9a
“Macron is recognised as a member
of the entrepreneurial community
so even if they don’t agree with him
they feel he is one of them.”
“With entrepreneurs there’s
something of the alter-ego in
Macron. We think of Macron as the
guy who disrupted politics. And we
like that.”
Macron widely admired by French Tech - can he now deliver?
“Macron has been a
strong advocate for the
French tech scene,”
“Macron has a deep
understanding of how
digital transformation
is profoundly changing
the economy and
society”
4. ● Will we see a more active market for trading data emerge in areas beyond adtech,
which has a been a forerunner, as more sophistication emerges in valuing, pricing
and enabling the trading of data?
● Will far will regulators be prepared to tread in creating a ‘functioning market’?
● Finding new ways to respond to the dominance of the data economy by a few is
becoming a major focus. In Germany, for example, legislation is under discussion
to allow the Federal Cartel Office to intervene in cases in which network effects
and data assets play a role. Size, as measured by traditional means (revenue) is
no longer a good enough determinant of dominance
● The role of the Government in promoting open alternatives to centralised piles of
data is also gaining further support. Not just in sharing open data, but also in
enabling access to more sensitive data that can be “open sourced”, but that be
accessible to companies that are able to meet criteria around use of the data
● The idea of mandatory sharing of data is also gaining steam thanks in part to Ben
Thompson, who has written eloquently and persuasively on the subject. This is an
established practice in some industries (insurance), while new regulation (e.g.
GDPR and upcoming automotive regulation) looks set to push this idea further
4
What do you need to know?
Why does it matter?
Key questions
Confrontation in the new data economy
● The Economist published a strong leader and thoughtful analysis essentially
calling for intervention by governments to “reboot antitrust” for the information age
● Back in 2011, the WEF described the potential for the emergence of “data as a
new asset class”, i.e. a new market to allow for data to be traded. But such an
open market has not developed, with reasons cited such as the value of keeping
data in-house, lack of fungibility, a lack of sophistication in pricing methodology,
privacy concerns and corporate concerns over ability to control use of data
● But “infonomics” (i.e. the market for trading data) is starting to emerge. When
Caesars Entertainment filed for bankruptcy, its biggest asset was a customer
dataset of 45M people valued at $1B. Similarly, data-driven M&A is also emerging
in greater frequency, such as IBM’s purchase of The Weather Company. Bartering
is also emerging (e.g. DeepMind/NHS)
Source: http://www.economist.com/news/briefing/21721634-how-it-shaping-up-data-giving-rise-new-economy
“Conflicts over control of oil
have scarred the world for
decades. No one yet worries that
wars will be fought over data.
But the data economy has the
same potential for
confrontation.”
“Rebooting antitrust for the
information age will not be
easy. It will entail new risks:
more data sharing, for
instance, could threaten
privacy. But if governments
don’t want a data economy
dominated by a few giants,
they will need to act soon.”
5. ● The use of data without clear communication can lead to public push back. As an
example, the way the NHS has enabled access to patient data has been
challenged due to a perceived lack of consent granted by individuals for certain
use cases
● Machine learning PhDs are the top hires for big tech giants and any perceived
monopoly should be understood
● Impact on jobs: risk that a lot of employees may be left behind, risking to generate
asymmetric wealth and employment outcomes and increase inequalities (war for
talent)
● Policymakers and regulators need to step up to be able to control machine
learning technologists’ ambitions towards data
● Who stands to benefit economically from the liberalisation of, and free access to,
public data?
● Is Machine Learning concentrating the power and wealth into the hands of a few
powerful companies and individuals at the expenses of society?
5
What do you need to know?
Why does it matter?
Key questions
● The Royal Society (UK’s national academy of science) published a detailed report
on AI, focusing specifically on how the UK Government can play a role in ensuring
the most positive integration of machine learning into the UK economy and society
● Selected key points highlighted included a need for free and liberal access to
publicly funded data, investing in new skills will be needed to be able to use
machine learning in your everyday life but also at work (PhD, masters), as well as
managing public opinion to address concerns for privacy and consent,
depersonalisation and job losses. The teaching of AI ethics is seen as important
Source: https://techcrunch.com/2017/04/24/ai-report-fed-by-deepmind-amazon-uber-urges-greater-access-to-public-sector-datasets/
https://royalsociety.org/~/media/policy/projects/machine-learning/publications/machine-learning-report-summary.pdf
https://royalsociety.org/~/media/policy/projects/machine-learning/publications/machine-learning-report.pdf
A new wave of debates that are emerging around
machine learning...
Royal Society study outlines role for UK Govt in ML
Selected Royal Society recommendations:
● Increase accessibility to data for ML
● New open data standards to extend data lifecycle
● Ensure key concepts of ML are taught at all levels
● Teach ML in all related fields (e.g. health, law, etc)
● Ensure research funding is available for ML fields
● Ensure Industrial Strategy incorporates ML deeply
● Ensure the public is engaged in ML discussions
● Ensure societal implications are baked into ML work
6. ● What impact will the emergence of TMD have on the Chinese Internet landscape,
in terms of talent flows, M&A, partnerships & collaborations, etc?
● Given TMD are showing international ambitions - just like BAT - how will they
impact the global Internet landscape?
6
What do you need to know?
● Who are Toutiao, Meituan-Dianping & Didi Chuxing (TMD)?
● Toutiao: Founded in 2012
○ News aggregation app with sophisticated ML tech
○ 700M users in China (68M DAU)
○ Acquired Flipagram (video app in the US.)
○ Valuation: $11B
○ Founder: Zhang Yiming
● Meituan–Dianping; Founded in 2010
○ Formed by merger in October 2015
○ US$ 25.84 billion in GMV, 150M MAU, 10M orders/day
○ Launch of their own online financial service
○ Jan 2016 closed $3.3 billion round at a valuation of $18 billion
○ Founder: Wang Xing
● Didi Chuxing: Founded in 2012
○ Mobile transportation platform, acquired Uber China
○ Valued at $55B following most recent $5B funding round
○ Founder: Cheng Wei
Why does it matter?
Key questions
In China, TMD emerging as challengers to BAT
Source: http://technode.com/2017/02/09/tmd-is-the-new-bat/
http://technode.com/2017/02/10/tmd-bat-founders/
https://techcrunch.com/2016/01/20/meituan-dianping-loads-of-yuan/
● China’s Internet landscape is evolving rapidly and as new consumer demands
emerge, a new wave of hugely valuable companies is beginning to emerge. These
companies have shown an ability to reach giant valuations in a very short space of
time, even making the pace of scaling in Silicon Valley look slow
● Expectations in China are that two of the three TMD companies may choose to
IPO in 2017. Irrespective of whether they do or not, the companies have large
warchests and will increasingly be active in China (and internationally) on the
investment & M&A front.
● China is challenging to be as important a player in the global tech world as the US
China has a new group of Internet tycoons
China’s new Internet tycoons hit ~$80B in aggregate value
Latest
Valuation
Toutiao $11B
Meituan-Dianping $18B
Didi Chuxing $50B
Total - TMD $79B
Baidu $58B
Alibaba $298B
Tencent $294B
Total - BAT $650B
The founders of TMD:
Toutiao: Zhang Yiming
Meituan: Wang Xing
Didi: Cheng Wei
Despite reaching an aggregate
valuation of ~$80B, the TMD still
have a long way to reach the
collective scale of China’s
original Internet giants. Baidu,
however, looks set to be caught
by Didi soon, if Didi’s dramatic
pace of scaling continues as it
has done in the past two years
7. ● Is there sufficient dealflow to support highly-specialised funds, especially those
focused on a narrow sector and a limited geography?
● Will collaboration between funds, especially across stages and geographies,
deepen or will a ramp in competition push in the other direction?
● More choice in terms of pockets of capital to tap is great news for European
entrepreneurs, particular is these new pools of money come with genuine
value-add beyond pure capital, including sector expertise, operating experience or
gateways to important customer groups
● Despite a growing diversity of funds at the earliest stages and a number of large
funds able to write bigger cheques, there is still some way to go until the European
VC landscape boasts as deep a bench of investors as Silicon Valley, where the
degree of competition at every stage significantly exceeds that seen in Europe
7
What do you need to know?
Why does it matter?
Key questions
● Aside from the headline figures in terms of venture fundraising (€1.7B raised
across 17 tech-focused VC funds in 1Q17, source: Yann Roux), 2017 has seen
further evidence that Europe’s investor landscape is being built out in a number of
interesting and important ways that suggest a growing level of maturity and
sophistication
● A number of clear trends are emerging, including the arrival of sector specialist
funds with a narrow but deep focus on specific tech categories (e.g. AI, SaaS,
fintech), a growing number of founder-led funds started by former entrepreneurs,
evidence of an awakening of corporate Europe with CVCs arising from multiple
sectors, including finance, energy and automotive, as well as the arrival of
interesting and innovative new models at the earliest stages of company formation
Emerging trends in Europe’s investor landscape
Source:
Selected new funds &
trends represented
Regional
Specialism
Sector Specialism Founder-led Corporate
Europe
Vendep Finland SaaS
Asgard Germany AI
Samaipata Ventures S. Europe Marketplaces La Nevera Roja
Digital + Partners Germany Industial, fintech D Borse
VentureFriends Greece eFood/eShop
Centrica Innovations EnergyTech, IoT Centrica
Scania Growth AutoTech Scania
Seraphim Space Tech New Space
● Greater regional diversification: New VC funds continue to emerge
outside the historical strongholds of the UK & Germany, e.g. in Greece
● Deeper sector specialisation: In an increasingly competitive investor
landscape, sector specialisation is emerging as a key form of differentiation
● More Founder-led funds: The path from successful entrepreneur to
investor is now becoming increasingly well trodden
● An awakening of corporate Europe: the emergence of a new pool of
Europe-focused corporate VC funds
● Innovative new models at earliest stages: EF has become a global
innovator with its model. Wave Ventures is pioneering investing in students,
Station F building amazing infrastructure for early-stage companies
● Emergence of sophisticated angel networks: Angel investors grouping
together to form tight investment-focused networks, e.g. Nordic.Makers.
Demis Hassabis also reported to be building a network
Selected trends in European investor landscape
Source: Yannick Roux, https://medium.com/@yanroux/2016-the-year-european-venture-capital-changed-gear-b332de097bc8
8. ● Is the data collected from IoT devices actually more reliable than
human beings, given the potential ability of users to
modify/manipulate or erase their data?
● Should tech companies have to release the available data? What
would be a reasonably strong argument to do so?
● There is a big shift toward a data-driven regime of “truth”. While
these new sources of data can be hugely valuable to the authorities,
there is a increasing tension between customer rights- privacy and
law enforcement
● Each time a new source of potential data emerges, the continuing
debate about whether the US should have a law forcing tech
companies to build backdoors to their data (and if so, a danger to be
exploited by other actors) and whether or not tech companies should
be obliged to reveal customer data when asked by government
authorities grows in volume
8
What do you need to know?
Why does it matter?
Key questions
● Fitbit, Amazon Echo, Jawbone devices have gained more and more
interest from lawyers, the police and legal experts as a source of
intelligence to be used to help solve crimes
● Data such as step count, sleep, location, heartbeat can be very
valuable when it comes to solving a case and more and more of
these datas are now bring actively used as evidence in courtrooms
Say hello to your new courtroom witness
Source: https://qz.com/620423/heres-how-often-apple-google-and-others-handed-over-data-when-the-us-government-asked-for-it/
http://www.fronteo.com/usa/the-internet-of-things-implications-for-ediscovery/
US law enforcement requests for user data
9. M&A wrap up
Acquiror Target Target desc. Amt Comments
Gett Juno On-demand taxi services $200M Gett has acquired Juno to build out its operations in NYC
IAC Angie’s List Consumer recommendation site $500M+
IAC has acquired public company Angie’s List with the intention of merging it with its own
HomeAdvisor unit to spin the new entity into a new public company
Cisco Viptela Software-defined networks $610M
Latest M&A deal for Cisco following AppDynamics purchase. Deal reportedly valued at
approx. 30% discount to its last round valuation of $900M from 2016
Spotify MediaChain Blockchain-based music data mgmt n/a
Spotify has now made at least 10 disclosed acquisitions, primarily in areas to build out its
capabilities in terms of use of data/tech to improve its core service offering
Whirlpool Yummly Recipe search engine n/a Had raised $23M & last valued at $100M. Whirlpol is largest home appliance manufacturer
Sirius XM
Automatic
Labs
Connected car company $100M
Satellite radio company Sirius expanding into broader range of connected car services via
the acquisition
Thales Guavus Big data analytics company $210M
Thales has acquired Guavus to build out its data analytics capabilities to serve its
customers in key verticals, such as aerospace, transport and defence. Guavus had raised
~$140M.
Ant Financial HelloPay Singapore-based mobile payments NA
Ant Financial contineus to acquire internationally as it seeks to build its presence in the
payments markets outside of China. HelloPay was the subsidiary of Lazada, which is
majority-owned by Alibaba after a $1B transaction in 2016
9