Techsylvania is the place where you need to be if you are a tech expert, entrepreneur, or passionate about the latest technologies. This year the main focus was on topics regarding the impact of artificial intelligence on business and society, how local and international authorities can join forces and improve our everyday lives and how important is to believe in your business idea and never give up despite all obstacles you may encounter.
Here’s a brief overview of some of the highlights from the day’s sessions.
CENTER STAGE
Shai Shalev from Mobileye has walked us through the evolution of AI and how self-supervised learning, particularly through large language models, revolutionized the field. For applications in the physical world, such as robotics and autonomous driving, learning from experience is crucial but challenging due to the risks and constraints of real-world testing. Simulations offer a safer alternative, though they may not perfectly replicate reality.
Daniel Hume, Chief AI Officer at WPP, critiques the current use of the term “AI,” arguing that many systems labeled as AI are merely automation and not true artificial intelligence. True AI involves systems that can learn, adapt, and make decisions autonomously, rather than simply executing repetitive tasks.
”You, the leaders, have to understand that AI is going to radically transform your business and is very important what you want to do. Ultimately, you want to create an organization that innovates.”, said Daniel. He has also addressed risks associated with AI, including micro risks (safe deployment), malicious risks (preventing misuse), and macro risks (potential existential threats). Effective AI implementation requires addressing these risks and ensuring AI is used ethically and responsibly.
Shervin Pishevar, Chairman & CEO of Edison Fund believes that ”As an entrepreneur, I understood that nothing can replace the human connection. Even if AI is moving thousand times faster, the value of people who have verbal communication skills, who can express things is going to go off now.” Yet, we are going to witness incredible advancements in Artificial General Intelligence (AGI), and Shervin encourages staying alive to witness these changes, suggesting that the next 20 years will bring significant breakthroughs in longevity and intelligence.
Angela Ivanova, Co-Founder & CEO at LAM’ON OOD, and Michiel Scheffer, President of the European Innovation Council (EIC) Board have talked about how your startup can thrive internationally.
Even if there are some difficulties in securing initial funding, especially due to skepticism about the potential success and benefits, having angel investors and grants is vital for your business.
Chris Mirabile from Novos has offered us a different perspective on what we think longevity means. Chris defines longevity not just as living longer, but more importantly as extending the period of life without chronic illness, referred to as healthspan. His deep knowledge in the field stems from a personal passion for longevity and health. This passion led to extensive reading of scientific studies and surrounding themselves with subject matter experts.
In the age of AI & digitalization, the power of working together has never been greater. Moderated by Elisabeta Moraru, Country Lead at Google, the discussion on Center Stage about ”How Can CEE Countries Leapfrog Leveraging Digital and AI?” has brought together visionaries like Patrick Warnking from Google, Bogy Skowronski of FounderPartners, and Sabin Sărmaș from the Romanian Parliament. Here are some takeaways:
“We are all very busy but take some time and educate yourself on the latest AI tools that are all available for free.” (Patrick Warnking)
“We don’t have time for administration, we want to have time for strategies, for our organizations. So, governments play a crucial role on this topic.” (BogySkowronski)
“Which are the cultures that are performing best? I received this answer: wher ethe leadership of the country is at the highest level. I would like to have bold leaders that would assume a digital transformation of our country, not just a statement.” (Sabin Sărmaș)
Sumon Sadhu from Atman Labs believes that “The most ambitious company you can build is one that redefines a nation.” Seizing unique moments in history and raising the ceiling of ambition is crucial for transformative success. Flipkart capitalized on the rise of the Indian middle class and the shift from offline to online shopping, while DeepMind elevated the ambition for AI and contributed to global advancements.
Exploring the virtual world of Metaverse might be fascinating but there are always two sides of a coin. Nina Jane Patel, Interpol’s Metaverse Expert emphasizes the rapid evolution and integration of technologies such as virtual reality (VR), augmented reality (AR), extended reality (XR), spatial computing, AI, and blockchain into the fabric of our digital lives.
Nina highlights the complexities, challenges, and potential risks associated with virtual worlds. These include issues related to safety and security, such as online grooming, sexual exploitation, and other forms of metaverse-specific crimes. The importance of developing effective safety measures, educational resources, and regulations to protect users, especially children, in these digital environments is a key focus of her work.
Yet, there are immense opportunities that virtual worlds and associated technologies present. From the significant growth forecast in the virtual world market to innovative applications in gaming, education, and entertainment, these technologies offer new ways to engage, create, and connect. Patel also discusses the need for long-term strategies that prioritize user empowerment and the continued innovation that drives the technological landscape forward.
The next generation of AI is going beyond the surface. Fernando Dominguez Pinuaga from SandboxAQ thinks AI is transforming healthcare by simplifying complex processes, such as interpreting heart data, making it accessible without extensive training. Additionally, AI is advancing encryption methods, enhancing data security, and accelerating the development of quantum computing, highlighting the interconnected progress in technology and AI’s role in driving these advancements.
How do we transform ourselves so we don’t lose who we are but at the same time become very competitive with these other services? This is a tough challenge, especially for a satellite radio company like SiriusXM.
Joe Inzerillo has had an interesting discussion with Quharrison Terry about the development and challenges of satellite radio. Joe highlights the experience with Disney, focusing on the company’s strategic shift to streaming with Disney+. This transformation was driven by the need to adapt to changing media consumption habits and compete with established streaming platforms like Netflix.
Slava Rubin from Humbition strongly believes that it is important to have a passion for what you’re doing and be committed to it for the long term.
The early stages are challenging and may not yield immediate rewards. However, continued dedication and willingness to endure these struggles are essential for eventual success. Startups often fail due to a lack of focus, trying to do too much, and not identifying the right market fit. Learning to say no to distractions and concentrating on a core idea is crucial for survival and success.
We have found out from John Caspers, Co-founder Adyen & Rootline, that despite not succeeding in the SME (small and medium-sized enterprise) market, the experience was valuable as it provided important lessons in product-market fit, operational optimization, and understanding customer segments.
Hiring talented individuals with a creative and entrepreneurial mindset, allowing them freedom and support to innovate within the company not only nurtured internal innovation but also contributed to the broader startup ecosystem, with former employees starting new ventures based on their experiences.
IMPACT STAGE
We have had the chance to explore other countries’ entrepreneurial environments as well as dive deep into how to scale and fund your company. All the captivating talks on the Impact Stage were hosted by Elena Vrabie, Country Lead @The Recursive.
Partha Nageswaran from Aabhra brings our awareness on data. Enterprises have a lot of data that is not analysed and analysts don’t have support from systems. Unifying the world’s data will expand the world’s knowledge.
Rutger de Waard from Rootline had an interesting discussion with Elena Vrabie from The Recursive about sales, startups, tactics, and innovation. He agrees that there is a challenge to start from scratch but he strongly advises to “Listen to what the client wants. Sell your value before pricing. If you sell on pricing, it’s only about pricing.”
Yosuke Kurosawa (Japan Facts Organization) and Quharrison Terry (Mark Cuban Companies) have explored Japan’s entrepreneurial environment. The culture startups in Japan are supported by the government yet, there are not a lot of Japanese people starting companies.
Michiel Scheffer and Elena Ungureanu from the European Innovation Council have discussed with Ioana Mihai (European Investment Bank) and Endre Hunnyadi, Business Development Manager Lumen, about funding your deep tech company to scale up in the European Union. It is important to identify, develop, and scale up high-risk, high-impact innovation across Europe.
The EIC prioritizes deep tech innovations that align with the EUs strategic goals and address major societal challenges.
Karel Obluk from Evolution Equity Partners believes that there are opportunities for new technologies . A product becomes a product only when a customer pays for it. Understanding the market is very important and many people underestimate this.
Nick Powell from Bolt has shared inspiring stories about Bolt’s evolution and emphasized the importance of expanding value for their customers such as adopting new features, services and options like Bolt Luxe, long-term car rentals, and Bolt business card expense management.
Andreas Cser (Fraser) and Thomas Cser (Pricefx) had a debate on tech, culture, and who’s right. We should see the value of failure. People should not be afraid to fail and start again because failure is an opportunity to grow.
Andrei Hasna has talked about how we can remain competitive when AI has the potential to disrupt any business and what is the true cost of innovation. There are 3 pillars of innovation: collaboration, transformative and multidisciplinary. Andrei has made us thinking about this question: “Do we afford to live in a world where AI is how it is right now and do we need regulations?”
Andrei Bica from Profi said that the main goals of CFO’s in 2024 are continuous automation, using data to drive value, taking charge of digitalization, guiding the enterprise value and ncrease the value of the company using the technology. Profi focuses on 4 main pillars: Customer Engagement (next step after customer experience – Mobile App – 2.4 million subscribers ), Sustainable Expansion (AI tools to check the traffic), State of the art logistic (6 distribution centers ), Efficiency (dedicated team taking care of process information).
Pranay Prakash from Windsor.io was very honest and confessed to Elena and the audience that if there is something that he would have done differently, he would be more careful with the hiring, maybe implement a different hiring process.
Martina Vidakovic has 6 years of experience working at Happening. She told us that each market had problems: inconsistent implementation, increased development time, frontend overhead, and testing. Using KMP has some advantages like shared codebase which allows consistency, simplified maintenance, flexibility, interoperability, scalability, consistency, seamless integration.
Amazing Q&A sessions, practical workshops & a lot of valuable networking
During the Q&A sessions, participants had the chance to interact directly with the keynote speakers, posing questions and gaining additional understanding of the discussed subjects. These sessions added a valuable interactive dimension to the conference, fostering deeper exploration and clarification of the ideas presented.
Regarding the workshops, each offered practical and interactive learning opportunities for everyone, enabling us to acquire new skills in specific areas of interest.
- Design Smarter: The Untapped Power of Product Simulation with Tamás Biró & Dacian Lucaci (Accenture)
- Leveling up the Medical, Legal, and Regulatory process in Pharma with Gen.AI with Radu Radocea, Bogdan Peltea, Mario Dumitru (Deloitte). They showed us how AI is supporting the pharmaceutical industry and how you can ask the model for formula if you are a chemist.
- Making it all come together: How Critical User Journeys shape products that empower people long-term with Ilona Farkas , Dragoș Bardac, Daniel Chiș (Google). They talked about impactful user experience design.
- Achieving Low Latency and High Throughput with Apache Kafka with Andrei Moldovan (msg systems Romania). Andrei shared strategies for optimizing data processing efficiency.
- Preparing and Using Data for AI with LangChain and OpenSearch® Sébastien Blanc & Tibs (Aiven)
See you on Day 2, dear techsylvanians!
