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I'll be attending the World Economic Forum annual meeting as a global media leader and will present our readers the key takeaways from the annual meeting in our January 20 edition.

Stay on top of the latest business innovations and help support quality journalism. Sign up for a subscription today. To remind you, our annual plan works out to a monthly rate of €24.99+ VAT.  It will give you access to a archive of over 1000 independently reported stories  and some 200 new ones in 2023.


Enjoy this week's issue,

Innovator Founder and Editor-in-Chief Jennifer L. Schenker
 
 
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 -   N E W S   I N   C O N T E X T  -

The need to rethink the way new technologies are designed was a recurring theme at DLD Munich, an annual conference that gathers some of the greatest talents in technology, science, art, and music.

Speakers at the conference discussed the need for interdisciplinary input and guardrails to ensure technology is being used in the service of humanity.

Read on to discover more about the DLD conference.
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Backed by a team of experts in chemistry, geology, engineering, and project management, Vulcan Energy Resources aims to produce the world’s first battery-quality lithium chemical with zero carbon footprint for Electric Vehicle (EV) batteries, by harnessing renewable geothermal energy to drive lithium production, without using evaporation ponds, mining, or fossil fuels.

Vulcan plans to do this via a combined deep geothermal and lithium brine resource in the Upper Rhine Valley in Germany and France, which it has bolted together with the zero fossil fuels lithium production process it has developed.

The company claims these resources are large enough to satisfy Europe’s lithium needs for many years to come and ensure the transition to electric vehicles is done with a minimal environmental footprint while freeing Europe from dependence on foreign, high carbon imports of lithium, mostly from China.

That is not all. Using the same deep brine sources, Vulcan says it can also produce renewable geothermal energy to both help power the electricity grid and provide heating for homes and businesses in Europe.  (An aeriel view of Vulcan's Insheim Geothermal Power plant is pictured here.)

 “Our Zero Carbon Lithium Project marries geothermal energy and lithium production in an innovative and circular way, allowing us to be fossil fuel-free and ensure we deliver carbon neutral, domestically sourced energy and lithium from Europe, for Europe," says Vulcan Energy Resources’ Deputy CEO Cris Moreno, a speaker at the DLD conference in Munich January 12-14. "We are not building this in in 10 or 20 years, we are developing this now, today.”
 

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

JP Rangaswami, Technology And Innovation Expert
Who: JP Rangaswami, a speaker at DLD Munich Jan. 12-14, formerly held the positions of Chief Data Officer and Group Head of Innovation for the Deutsche Bank Group, Chief Scientist at Salesforce, Chief Scientist at BT Group and Global Chief Information Officer at Dresdner Kleinwort Wasserstein

Topic: How corporates should think about generative AI.

Quote: "We are currently in a hype cycle. I would say we are more than a decade away rather than a year away before true generative AI can be used to perform business functions with insurability and legal protections on the outcomes. Of course, if it is only used to advise humans, and there is absolutely no agency afforded to the AI, adoption could happen earlier. "

 
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 -  S T A R T U P  O F  T H E  W E E K  -

Berlin-based startup Moss offers corporate credit cards and spending management services to Europe’s small and medium sized businesses (SMES).
 
“We are helping SMEs to digitize their finance department and improve the way they manage their spending,” says Eva Spannagl, Moss’ Director Strategy & Growth.  “We offer invoice management, including uploading invoices and paying online, as well as liquidity management.”

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 -  N U M B E R  O F  T H E  W E E K 

$10 Billion

The amount Microsoft is reportedly prepared to invest in ChatGPT-owner OpenAI as part of funding that will value the firm at $29 billion, according to press reports.

ChatGPT, a variant of the GPT-3 family of large language models, is being used for everything from developing code to writing college essays. Industry observers say a bet on ChatGPT could help Microsoft boost its efforts in Web search and turbocharge some of its other products such as Word and PowerPoint.

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2023 Global Human Capital Trends
Deloitte

10 Breakthrough Technologies 2023
MIT Technology Review

The Global Risks Report 2023
World Economic Forum
 

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