Tech companies urged to share problems as well as data

In order to advance deep learning and artificial intelligence, companies need to not only open up their data for research, but also the problems that create roadblocks for their business.

This is according to Daniel Hulme, CEO of Satalia – a company that uses advances optimisation algorithms to solve problems for businesses, who was speaking yesterday at the RE WORK Deep Learning Summit in London.

“It’s ok for companies to open up their data, but they also need to open up their problems,” he said.

In doing so, he said they would be inviting people to solve their problems for them, in a similar way to white hat hackers’ practice of identifying security loopholes and alerting the appropriate company.

This would enable faster innovation, as problems would – at least in theory – be more rapidly solved, allowing newer and better products to be produced more quickly.

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However, while an excellent idea in theory, Hulme acknowledged that in reality there were some significant issues with this approach, primarily due to a lack of willingness on companies’ parts to share such information.

“Companies don’t want to do that,” he said, pointing to concerns over embarrassment and a desire by companies to be seen as perfect.

There is, of course, the additional issue of shareholder confidence – if a company were to admit it was having problems optimising a major part of its business, it may well have a significant effect on share price.

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Nevertheless, for startups in the field of deep learning and AI, problem solving is the bread and butter work that enables them to become fully-fledged businesses.

“I think when you’re a small company – a startup – you need to solve problems for people,” he said.

Hulme added that while some startups took a different approach, by pursuing a blue-sky concept without a specific marketable product in mind, this required a massive amount of funding and so was only feasible if the company was founded by someone with significant personal wealth.

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Steve “Woz” Wozniak to advise hologram emoji company that he calls “groundbreaking”

Apple’s co-founder Steve “Woz” Wozniak has found himself a new gig; Woz has joined the hologram emoji company, Mojiit, as an adviser.

In his role as advisor to Mojiit, the legendary entrepreneur and engineer will help assemble a world-class engineering team in addition to bringing investors and partnerships to the newly launched startup. Wozniak will also serve as mentor to Mojiit founder, Jeremy Greene.

“I’m thrilled to join Mojiit as an advisor,” said Wozniak. “Jeremy is a natural leader, the company is groundbreaking, it’s going to change the ecommerce space, and it’s a lot of fun.”

Created in 2017, Mojiit is the latest startup technology venture from Greene. The company’s tech essentially enables users to project and share 3D hologram emojis via smartphones.

The platform turns users into emojis by scanning their face, which can then be sent to loved ones and friends. Once a Mojiit message is received, it will map the area where it is received and place the Mojiit hologram there in real time, so it works in a similar way to Pokemon Go.

“Steve is one of the best and brilliant engineers in the entire world. But outside of that, he’s a wonderful man,” said Greene. “There isn’t anyone I’d want to be in business with more than this guy. He’s a legend. Who better to learn from than the guy who created the computer?”

Image courtesy of Nichollas Harrison. Featured image courtesy of Mojiit

In addition to consumer use, businesses of all kinds can tap into hologram emojis with Mojiit’s technology.

Mojiit investors already  include NFL alum Ed Reed, and the company was able to raise a total of $1 million in its seed round of funding.

Alongside the appointment of Woz, Entourage and Ballers producer Rob Weiss recently joined the company as a creative director.

“It’s exciting to expand beyond television and film to digital platforms,” said Weiss. “Hologram technology brings incredible opportunity to entertainment and media. I’m thrilled to be leading creative at Mojiit.”