Christopher Lowe var tidigare teknologianalytiker på Morgan Stanley och skriver dagligen ett TMT (tecknology, media, telecom)- morgonbrev.
THE WORLD ECONOMIC FORUM MAKE THEIR PREDICTIONS ON AI TODAY
AI COULD CREATE 58M NEW JOBS BY 2020
THIS WILL ENABLE A SHIFT IN THE WORKPLACE TO BETTER QUALITY, MORE INTERESTING ROLES & DIFFERENT WORK TECHNIQUES – LIKE THE ONSET OF MORE FREE-LANCERS
THE ON-GOING DEBATE GETS SOME MORE INSIGHT HERE..
# Machines will overtake humans in terms of performing more tasks at the workplace by 2025
# AI could see 75M jobs displaced & 133M new roles may emerge as companies shake up their division of labor between humans and machines5# 8M net new jobs being created by 2022 as a result of AITHERE would be ”significant shifts” in the quality, location and format of new roles……
# Some companies could choose to use temporary workers, freelancers and specialist contractors, while others may automate many of the tasks.
# New skill sets for employees will be needed as labor between machines and humans continue to evolve, the report pointed out.INTERESTINGLY
# Machines are expected to perform about 42% of all current tasks in the workplace by 2022, compared to only 29% now.
# Humans are expected to work an average of 58% of task hours by 2022, up from the current task hours of 71%.
AI, robotics and other forms of ”smart automation” technologies could boost productivity and create better products and services. While some jobs will be displaced or ”fundamentally changed in nature,” new jobs will also be created and the long term net effect should be positive for the economy as a whole
LENDINVEST: GETS FURTHER INJECTION OF CASH FROM ATOMICO IN THEIR SERIES C ROUND
THE LEADING ALTERNATIVE FINANCING PLAYER TODAY RECEIVES A FURTHER INJECTION OF FUNDING, IN A SERIES C COMPLETED OVER THE SUMMER
# £30M DEBT & EQUITY ROUND
IN DA ROUND:
# GP Bullhound and Tiger Management
# The funding follows a Series B funding round of $22 million (£17 million) in March 2016,
WHAT FOR ?
LENDINVEST will use the capital raised to continue its investment in technology, and provides the business with significant flexibility as it moves towards the mainstream mortgage market.
# LendInvest uses technology to bring investors and borrowers together providing property finance that is fast, online and works for all
# LendInvest lends in the specialist mortgage market with products across bridging finance, development finance and Buy-To-Let
# The business has lent over £1.5 billion ($1.94bn), financing over 5,000 properties across the UK
NEXT UK KING OF FINTECH
LEHMAN: ON THIS DAY TEN YEARS AGO
IN THE WORDS OF QUEEN ….BITCOIN IS UNDER PRESSURE
THE LEADING CRYPTO IS LIKELY TO SEE ONWARDS DOWNWARD PRESSURE AS THE HOLDINGS ARE UNWOUND IN THE NEXT FEW DAYS FROM MT GOX … A PREREQUISITE OF THE LEADING AGENCY
THE BEARS ON CRYPTO WILL LOVE THIS – AS THE NAME HAS NOW PLUNGED FROM $17,035 IN JANUARY – TO $6449
I DON’T THINK ALL THE PUKE NEWS IS OUT YET – STAY WAY TILL IT HITS $5000
CRYPTO – THE MARKET ALL THE TRADITIONAL FINANCIAL INSTITUTIONS DISLIKE
LEHMAN: ON THIS DAY TEN YEARS AGO
THESE COMPANIES DIDN’T EXIST WHEN LEHMAN WENT BUST ON THIS DAY IN 2008HOW LIVES HAVE CHANGED DRAMATICALLY IN THESE 10 YEARS WITH THE ONSET OF THESE TECHNOLOGIES
THESE NAMES DIDN’T EXIST AT THIS TIME:
HOW DULL OUR LIVES WERE THEN !!!!!
READERS CORNER – CHINA: TECH GLOBAL DOMINANCE IS EMERGING
INTERESTING TO SEE THESE STATS PICKED UP BY BLOOMBERG – HIGHLIGHTING HOW CHINA – IN JUST THREE YEARS HAS STOLEN A MARCH ON THE EUROPEAN TECH SCENE& NOW IS THE BIGGEST THREAT GLOBALLY TO THE US DOMINANCE OF THE SPACE
In 2014, only two of the world’s top 20 internet companies were from China. Today, that number has jumped to nine. The remaining 11 are American, and none are from Europe.
BGTA ALSO HIGHLIGHT THE GROWING OPPORTUNITY FOR SCALE-UPS TO WORK WITH THEM & MOVE TO CHINA
# There’s an increasing trend of high-quality start-ups, both early and late stage that are looking to expand and scale in to the China market.
# That’s due to several factors like the sheer scale of the market itself and the numbers behind it, but also because a whopping 47% of the world’s VC funding that has been invested in startups in China !!!!!!
# in addition to that, the Chinese government is and has been supportive in powering innovation by providing incentives and driving industries to work strategically on cutting-edge technologies.
# BGTA RUN AN INNOVATIVE ACCELERATOR PROGRAMME ENABLING UK & EU SCALE-UPS TO GET ACCESS TO THIS MARKET PLACE ….
# BGTA runs two accelerators, one in Shanghai that’s backed by Shanghai Energy and focuses on Cleantech and the second in Chengdu that focuses on Fintech as well as IoT primarily and is backed by the Chengdu Financial Holding Group (CFHG). If you’re looking at scaling-up in China and want to apply to be part of the accelerator…. THEN LET ME KNOW & I WILL CONNECT YOU ACCORDINGLY