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The Innovator's Radar newsletter enables you to stay on top of the latest business innovations. Enjoy this week's edition.

Jennifer L. Schenker
Innovator Founder and Editor-in-Chief

 -   N E W S   I N   C O N T E X T  -

The New AI Economy, the title of Microsoft Vice Chair and President Brad Smith’s keynote at the Mobile World Congress in Barcelona this week, could arguably double as the theme of this year’s exhibition and its sister event 4YFN, a conference that takes place at the same time focused on startup innovation.

AI’s breakneck diffusion across tech was confirmed at this year’s MWC, almost completely supplanting the metaverse as the talk of the show, which attracted more than 90,000 visitors, Around 500 exhibitors listed some AI capability, twice as many as last year, and with hundreds more talking about it, notes research firm Enders Analysis.

AI also took center stage at 4YFN.  More than a dozen sessions focused on the topic. (The Innovator’s Editor-in-Chief moderated two of them. See the accompanying photo).

The 2024 gathering in Barcelona served as a kind of coming out party for multilingual LLMs; mobile phones positioned themselves as the biggest consumer window into AI’s new features and services; there was a focus on quantum technologies, which are being driven by AI; and a glimpse of what's next including flying cars, the spiral economy and a growing list of exponential technologies. Paying subscribers can read on to get the key takeaways.

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AI large language models that can mimic human prose are generating lots of excitement but the most significant long-term opportunity may be unlocking the language of life.

That’s the premise behind Bioptimus, a newly launched French company that aims to build the first universal AI large language model (LLM) in biology.

While a few startups are leveraging LLMs for specific areas of biology, such as the design of novel protein therapeutics, Bioptimus believe it is the first to try and build a model that will be trained on data that’s necessary to understand multiple biological processes and how they connect with each other. The hope is to address many different scales of biology, including organs, tissues, cells, molecules, and atoms, to gain a holistic view of how the human body functions and advance the treatment of disease.

Improvements in AI over the past two years are a step-change in the field, Professor Jean-Philippe Vert, PhD, co-founder and CEO of Bioptimus, chief research and development officer at Owkin and a former Research Lead at Google Brain, said in an interview with The Innovator.  “We have reached a point where we have the recipes and the know-how to train AI systems,” he says. “Just as large language models are being trained using text written in human language, we can show it data written in other languages – like the language of nature – and capture the laws of biology.”

In the short-term applying LLMs to patient data could help accelerate the development of new drugs and precision medicine, says Vert. Longer term it has the potential to help create digital twins of individuals to capture and monitor the state of the body, making disease prevention easier, he says.

To achieve those goals Bioptimus is assembling a team of scientists that includes Google DeepMind alumni as well as scientists from Owkin, a French unicorn and a member of the World Economic Forum’s Global Innovators Community.

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 -   I N T E R V I E W  O F  T H E  W E E K  -


Helen Burdett, Technology And Climate Expert

Who:  Helen Burdett is responsible for work at the nexus of technology, nature and climate at the World Economic Forum. Her work bridges the organization's Centres for the Fourth Industrial Revolution and Nature and Climate, including initiatives focused on Tech for Climate Adaptation and Earth Observation. In addition to her academic and research background at Georgetown University, Burdett has over 10 years of experience in strategy and operations consulting, international development, and software development. Prior to joining the Forum, she was a Director at Globality, a SoftBank-funded scale-up bringing digital transformation and artificial intelligence to the procurement industry.
 
Topic: Tech and innovation’s role in the climate crisis.

Quote: "The future of leadership belongs to those who see mitigating and adapting to climate change not only as an obligation but as a catalyst for transformation."
 
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 -  S T A R T U P  O F  T H E  W E E K  -

Otorio has developed a cyber risk management platform that covers Internet of Things (IoT), the Industrial Internet of Things (IIoT)and operational technology (OT), with the aim of giving corporates a unified view of their cyber risk and proactively suggesting fixes. Customers include manufacturers, airports, and water utilities as well as automotive, mining, electricity companies, oil and gas, food, and logistics companies.

“We are introducing safety into an increasingly automated world,” says Otorio’s CEO Daniel Bren, who launched Israel’s Military Joint Chief Cyber Defense unit, serving as its first commander.  “There is a growing attack service that is leveraging connected technology. We help you ID your vulnerable assets and leverage existing security controls to reduce operational risks and the exposure of your business operations,” he says.

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 -  N U M B E R  O F  T H E  W E E K 

$675 Million

Amount humanoid robotics startup Figure raised this week from investors including Nvidia, Microsoft ,and Amazon.com founder Jeff Bezos at a valuation of $2.6 billion. Figure also signed a collaboration with OpenAI to develop generative artificial intelligence for its humanoid robots. The company, which is based in Sunnyvale, California, is developing autonomous general purpose humanoid robots that are designed for initial deployment into the workforce to address jobs that are undesirable or unsafe, and to support supply chain and manufacturing on a global scale.  Last month, Figure signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker's facility in the United States.  Beginning this year more people will start interacting with robots on the factory floor, requiring major organizational change and the upskilling of the global workforce.

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External Data And AI Are Making Each Other More Valuable
Harvard Business Review

Why Building Digital Trust Is Key To Technological Innovation
World Economic Forum

Pair People And AI For Better Product Demand Forecasting
MIT Sloan Management Review
 

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