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What Movies Get Wrong…and Salesforce Gets Right…About AI

What Movies Get Wrong…and Salesforce Gets Right…About AI

The voice was calm yet determined. Frank was dead. Dave remained.

“Open the pod bay doors, HAL.”

“I’m sorry Dave. I’m afraid I can’t do that.”

The Artificial Intelligence aboard the Discovery One space craft envisioned by Arthur C Clarke’s short story, The Sentinel, and Stanley Kubrick’s movie 2001: Space Odyssey, had been listening in and wasn’t having what Dave had in mind. The heuristic programmed algorithm was designed to solve problems quickly…and people were the problem.

HAL 9000 is a delicious villain. In fact, HAL was named the 13th greatest movie villain of all-time by the American Film Institute. The cool indifference of HAL is haunting. But sadly HAL, and other nihilistic machines like him, have become the baseline of awareness about AI for FAR too many people.

While conversations start with the innovation and the change AI can usher in, conversations will inevitably turn to the danger of the machines taking over. From discussions around ethical AI to the capacity for sentience, there is a sense that AI, left unchecked or allowed to read lips, will try to take over and be the downfall of humanity. There is never an in-between.

But what does AI mean for the average, everyday Marketing team? In the early days of OpenAI’s ChatGPT, headline after headline bragged about the Generative AI’s eventuality of “replacing marketers” because of its ability to generate ad campaign copy, slogans and email subject lines in seconds. A variation on the HAL theme to be sure, but still, the script has the sentient super-villain machine with a touch of blood lust rising to rid the world of agency copywriters and marketing managers.

Before ChatGPT shows us the pod bay doors, let’s take a step back and consider if we got our movie references all wrong. What if AI in marketing is less Space Odyssey and more Devil Wears Prada?

As the tale goes, the devil boss, Miranda, has a new assistant, the protagonist of the book and movie, Andy. There is a moment during a glamorous charity gala, when a swanky donor approaches to greet the hostess. Andy leans in and whispers the name of the guest, along with a couple key factoids just in time for Miranda throws her arms up with all the warmth and recognition of an old friend.

Andy, not HAL, is the AI Marketing needs. And Andy…or rather Salesforce’s version of her…is called Marketing GPT and was purpose-built to lean in and whisper exactly what a marketer needs to engage and interact in the most personal and profitable way. Trained to not just understand customers, conversations, or engagement, but trained to also understand a specific business, Marketing GPT draws intelligence from Data Cloud and relies on a new trust layer to ensure that this isn’t just a story of the right message to the right customer at the right time…but the right model to deliver the right personalization and contextualization to the right marketer.

Digging into the Marketing GPT announcements, let’s focus in on a couple highlights that stood out (at least stood out to me):

  • Segment Creation: imagine just asking your marketing tools to create a new audience segment. Marketers understand that the question is rarely the problem…instead it is all the preparation that is required to even get to the point of asking. With Segment Creation, both sides of that audience opportunity equation are addressed with AI, bringing the data together and giving marketers the opportunity to interrogate that data differently, all using natural language.
  • Segment Intelligence for Data Cloud: This is where marketing’s work proves impact and real, tangible business values by connecting the first-party data marketers rely upon for deeper engagement with the revenue data and third-party paid media data. This isn’t just about ‘more metrics.” Instead, Segment Intelligence is about obtaining a truly comprehensive view into audience engagement. Knowing how someone engaged with initiatives is great…knowing how that connected to the business and revenue is even better.

There are other AI-super-powered capabilities in this initial introduction of Marketing GPT including integrating generative AI tools into everything from email content creation (with auto-generated copy recommendations that can be included in testing and engagement campaigns) to integrations with the creative upstart Typeface to create contextual visual assets that are aligned with approved brand voice, style guides and messaging.

Another announcement of note comes from the Salesforce Commerce GPT introduction. While the solution is packed with AI-powered assistive tools including Commerce Concierge for personalized engaging shopping engagements and Dynamic Product Descriptions automatically filling in missing catalog data for merchants, it is the inclusion of Goals-Based Commerce that had me leaning to learn more. This is not just about delivering the capacity for growth. It is about productive and efficient growth. With the Goals-Based Commerce tool, brands can set targets and goals based on what is top of mind for the business (and let’s be honest, those details can change minute to minute even while all still pointing towards profitability) and get AI powered recommendations and even automations to help reach those goals. It connects Data Cloud, Einstein AI and Salesforce Flow to quickly move from goals to outcomes.

While AI is important to business, trusting AI is critical to us all. This was the message told time and again at both Connections and Salesforce AI Day. So HOW does Salesforce make Marketing GPT the built for enterprise safe-AI solution. It truly starts and stops with data.

Salesforce AI Cloud is billed as a cloud-based end-to-end AI solution that supports multiple models, prompts and training data sets. A purpose-built suite of capabilities, AI Cloud works to deliver trusted, real-time generative experiences across all applications and workflows, with a focus on super-charging CRM. Einstein sits at the heart of AI Cloud and, according to Salesforce, now powers over 1 trillion predictions per week across Salesforce applications. Thanks to AI Cloud, organizations can tap into multiple large language models that are trusted in an environment that is open and extensible. Customers will have access to multiple models to optimize the right model for the right task, be it third party LLMs, using Salesforce’s proprietary LLM (developed by Salesforce AI Research) or bringing a customer’s own custom LLM. See: Salesforce launches AI Cloud, aims to be abstraction layer between corporate data, generative AI models

Initial LLMs include AWS, Anthropic and Cohere to start. Salesforce had previously announced an extensive partnership with OpenAI and the APIs to access the GPT-4 model. Salesforce has also announced a partnership and integration with Google’s Vertex AI, adding yet another bring-your-own model capability into the mix (Salesforce had previously announced the ability to bring models from Amazon SageMaker) directly through the newly announced Einstein GPT Trust Layer.

Why is this “trust layer” so important? This is what brings us back to the trust factor. By bringing these models, be them internal (via Google Vertex), from Salesforce or from a third party like OpenAI, a customer’s data remains within the boundaries established as trusted BY the customer. The Trust layer is intended to be where the identity and governance controls so that company data is not sent to a model, as many organizations fear. Instead, once a query is run on a customer’s system, data (including data that has been aggregated and harmonized in Salesforce Data Cloud) is retrieved, masked and fed to the model via secure gateway to generate the response. This prompt is not retained by the model and in seconds responses are delivered back, routed through what Salesforce notes as “toxicity detection” and finally audited and logged for visibility.

The promise here is that enterprises can secure, govern and orchestrate AI in a more constructive and intentional way. This is not a new concept. Trust and “enterprise-ready” offerings, tools and promises are cropping up everywhere from Adobe (with the guardrails around their suite of generative AI models in Adobe Firefly), to Microsoft’s Azure OpenAI Service (which only addresses safety and moderation of text and image generation using OpenAI models) and Nvidia’s open-source toolkit, NeMo Guardrails, that takes aim at toxic content.

But Salesforce arguably feels a responsibility to push innovation forward and to take the lead on having the tough ethics and security conversations in AI. For Salesforce, the Einstein GPT Trust Layer is a critical, if not mandatory move.

Marketing GPT tools are quickly entering pilot this summer (as early as June) and many are expected to GA by October (Segment Creation, as an example, is expected to go GA by October 2023. Segment Intelligence for Data Cloud is also expected to be GA by October) with other tools like Dynamic Product Descriptions expected to be GA in July 2023 and Goals Based Commerce expected by February 2024. This is a welcome departure for Salesforce which has earned the reputation of longer aspiration-to-availability timelines.

Yes…there were a TON of GPT labeled announcements made at Salesforce Connections (prompting some of us in attendance to just add GPT to the end of every proper name available.) But there was also a lot of excitement around the prospect of having that well trained personal business assistant whispering all the just-right details into our ears just in the moment we need it to make an amazing impression on our customers and prospects. It is a welcome shift in narrative from the machines ready to replace marketers to a safe, purpose-built, enterprise-ready and trained AI empowering and adding to a marketer’s success.

 

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Snowflake, Nvidia team up to enable custom enterprise generative AI apps

Snowflake, Nvidia team up to enable custom enterprise generative AI apps

Snowflake and Nvidia said they're integrating Snowflake Data Cloud and Nvidia NeMo, a platform for large language models (LLMs), so enterprises can build custom generative AI applications.

The news, outlined during the kickoff of Snowflake Summit 2023, enables Snowflake customers to combine their proprietary data with foundational LLMs within Snowflake Data Cloud. Snowflake said it will host and run NeMo in its Data Cloud and include NeMo Guardrails, which ensures applications line up with business specific topics, safety and security.

Also see: Snowflake launches Snowpark Container Services, linchpin to generative AI strategy

Vendors have been racing to enable enterprises to combine their data with LLMs in a secure way. Salesforce has a trust layer to keep customer data cordoned from LLMs and Oracle is planning a similar service. Enterprise technology buyers have been wary of the compliance and privacy issues with building generative AI applications. Meanwhile, Snowflake rivals MongoDB and Databricks are also targeting LLM data workloads. Databricks doubled down on LLMs with the $1.3 billion acquisition of MosaicML.

With Nvidia NeMo, Snowflake customers can use their accounts to create custom LLMs for chatbots, search and summarization while keeping proprietary data separate from LLMs.

Snowflake CEO Frank Slootman said the partnership with Nvidia will add high performance machine learning and AI to Snowflake's platform. Nvidia CEO Jensen Huang said the partnership with Snowflake will "create an AI factory" for generative AI enterprise applications.

For enterprises, the Snowflake and Nvidia alliance may make it easier to tune custom LLMs for specialized use cases. This approach was outlined recently by Goldman Sachs CIO Marco Argenti.

Snowflake Data Cloud offers industry specific versions across financial services, manufacturing, healthcare, retail and other verticals. With Nvidia, Snowflake's bet is generative AI applications will proliferate across industries.

More:

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Why your quantum computing vendors are going to look familiar

Why your quantum computing vendors are going to look familiar

Your quantum computing vendors may look a lot like your cloud, data center and supercomputing providers today as Microsoft, IBM and Intel all had quantum related announcements in recent days.

The big question is whether smaller quantum vendors will be able to deliver the breakthroughs that can propel them to the big leagues. Constellation Research's Shortlists for quantum computing platforms, software and full stack providers include a mix of traditional vendors and startups.

Recent events include:

Now it's not like startups are being lapped. IonQ last week announced its IonQ Forte system was commercially available. IonQ has a partnership with Dell Technologies and is available on all three major cloud providers (AWS, Google Cloud, Azure). The company just raised its 2023 bookings growth to $45 million to $55 million. In its first quarter, IonQ had revenue of $4.3 million.

But overall, it's telling that quantum computing seems to be driven by established enterprise technology players with the biggest R&D budgets. It's really hard to sneak up on big tech these days.

Mueller said the verdict is still out on whether the big enterprise tech players will all pivot to quantum. CIOs could explore Quantinuum, formed by the combination of Honeywell Quantum and Cambridge Quantum, technically isn't an IT vendor. He said:

"Clear trend: It will be the first enterprise tech that will be practially only availalble in the cloud. With that every cloud vendor needs to play to remain relevant. But we are still in basic tech phase. Who will win? It is VHS vs Betamax." 

Short version: You're not quite ready to buy into quantum computing at scale just yet.

Kirk Bresniker, Hewlett Packard Labs Chief Architect and HPE Fellow, said in a tech talk at HPE Discover that quantum computing will require decades of hard engineering work to be mainstream. However, quantum computing will have role in a hybrid supercomputing approach.

"HP Labs is here to partner and apply engineering expertise to make this process real," said Bresniker. He acknowledged that quantum computing is still early in its development--akin to vacuum tubes in old classical computers--but can accelerate. "We're looking to partner to give enterprises a better set of information so they can reason over this quantum future. You want to make reasoned investments in these technologies over time," he said.

His architecture slide is worth checking out from a vision perspective.

Bresniker said HPE is betting that supercomputing will evolve with an architecture that includes CPUs, GPUs, various accelerators and quantum computing to tackle problems.

For now, quantum computing is worth experiments and use cases in select industries. TCS recently noted how it is using IBM Quantum infrastructure for financial advisor scenarios. Financial services and life sciences are obvious areas for quantum computing.

For now, quantum computing is clearly in the press release stage, but there seems to be consensus around the following:

  • Quantum computing will likely be consumed through the cloud.
  • Select industries should explore use cases.
  • Key metrics on how to measure efficiency and performance are being debated.
  • Quantum computing will be part of what's emerging as a hybrid supercomputing approach.
  • Projections about how quantum computing will scale are often based on assumptions of breakthroughs. However, you can't predict breakthroughs.

In the meantime, enjoy the parade of quantum computing announcements flying by.

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Databricks adds on to the Lakehouse, acquires MosaicML for $1.3 billion

Databricks adds on to the Lakehouse, acquires MosaicML for $1.3 billion

Databricks said it will acquire MosaicML, which is a generative AI platform specializing in large language models (LLMs), for $1.3 billion.

The news lands as data platforms such as Snowflake, Databricks and MongoDB race to provide ways for enterprises to build their own generative AI models while keeping corporate data secure. The data platform game is focused on fast training of LLMs and models with strong data governance.

Related:

MosaicML is best known for its MPT LLMs. For instance, MosaicML has more than 3.3 million downloads of MPT-7B and MPT-30B LLMs.

Databricks will take MosaicML and integrate its models into Databricks Lakehouse. According to Databricks, MosaicML will enable customers to train LLMs in hours not days and for "thousands of dollars, not millions."

Constellation Research analyst Doug Henschen said:

“Databricks has spent the last few years building up the house side of its Lakehouse platform, but the company’s beginnings were as a data science platform. It can’t afford to lose its distinction and differentiation as a platform for data science, so the acquisition of MosaicML makes complete sense. What’s more, it’s a good fit in terms of company culture and location.”

The $1.3 billion price tag is inclusive of retention packages. Databricks said it expects the entire MosaicML team to join the company. Retaining MosaicML's team will be critical as Databricks integrates and scales the combined platform.

In a blog post MosaicML said it started talking to Databricks about partnerships, but it became clear the effort would scale better combined. MosaicML said:

“Generative AI is at an inflection point. Will the future rely mostly on large generic models owned by a few? Or will we witness a true Cambrian explosion of custom AI models that are built by many developers and companies from every corner of the world? MosaicML’s expertise in generative AI software infrastructure, model training, and model deployment, combined with Databricks’ customer reach and engineering capacity, will allow us to tip the scales in the favor of the many.”

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IBM acquires Apptio for $4.6 billion, wants to optimize, automate your IT

IBM acquires Apptio for $4.6 billion, wants to optimize, automate your IT

IBM said it has acquired Apptio, which makes IT management and optimization software, for $4.6 billion. Big Blue said the move will bolster its IT automation offerings.

Vista Equity Partners bought Apptio in 2018 for $1.94 billion.

IBM said it will combine Apptio with its IT automation software including Turbonomic, Instana and AIOps and Watsonx AI platform. Enterprises are increasingly looking to automate their IT operations and maximize financial returns (FinOps). IBM said that Apptio will bring anonymized IT spending data to provide insights.

Big Blue noted that it is at the early stages of integrating Apptio and developing roadmaps. 

Constellation Research CEO Ray Wang said:

"It’s sign of the times. Companies want to know how to manage their cloud budgets and Apptio is one of the tools with cost management tools and technology portfolio management or FinOPs. IBM is betting that customers will want to buy software to manage cloud costs and tech spending."

Apptio has more than 1,500 customers and has integrations with multiple IT vendors including Amazon Web Services, Microsoft Azure, Google Cloud Platform, ServiceNow, Salesforce, Oracle, SAP and others.

IBM launches Watsonx, an AI platform with open source models, governance

With the Apptio Purchase, IBM will own three core SaaS offerings including.

  • ApptioOne, which tracks hybrid cloud spend management and optimization.
  • Apptio Cloudability, which provides public cloud spend management and optimization visibility.
  • Apptio Targetprocess, which aligns IT projects with business outcomes.

IBM said the plan is to scale Apptio's products via Red Hat, IBM's portfolio of software and AI products and IBM Consulting. 

Here's a look at Apptio's platform. 

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MongoDB launches Atlas Vector Search, Atlas Stream Processing to enable AI, LLM workloads

MongoDB launches Atlas Vector Search, Atlas Stream Processing to enable AI, LLM workloads

MongoDB added Atlas Vector Search and Atlas Stream Processing to its MongoDB Atlas platform along with other enhancements as it aims to be the top choice for data application developers.

The news, announced at its MongoDB.local NYC developer conference, highlights the race for enterprise developers looking to create modern applications that can readily incorporate generative AI capabilities at scale.

MongoDB's announcements come days after Databricks launched Lakehouse Apps to broaden its development platform ambitions. In addition, Snowflake will unveil updates at its Snowflake Summit next week. Snowflake CEO Frank Slootman last month promised "significant product announcements" at Snowflake Summit.

Dev Ittycheria, CEO of MongoDB, said during a keynote that developers spend most of their time working with data instead of creating software. Multiple clouds, endpoints and data stores have also made development more complicated. Streaming data technologies are also heterogenous. "AI is about building smarter and more intelligent applications," said Ittycheria. "There has been an explosion of AI companies running and building apps on MongoDB. We believe there are 1,500 companies building AI workloads on MongoDB today."

MongoDB Atlas Vector Search will bring generative AI capabilities to the Atlas platform by bringing forward highlight relevant information retrieval and personalization.

Doug Henschen, analyst at Constellation Research, put Atlas Vector Search in context:

"Vector Search isn't a generative AI capability on its own, it's an enabler for companies interested in developing their own generative AI capabilities. In announcing this feature, which is entering public preview, Mongo DB is joining a group of leading-edge data platform companies that have recently made, or are about to make, vector-search-related announcements."

In addition, MongoDB Atlas Stream Processing will surface high-velocity streams of complex data. Atlas Stream Processing, which is in private preview, will enable enterprises to leverage large language models (LLMs) and process streams of real-time data in one unified experience.

Henschen said Atlas Stream Processing is a key addition for MongoDB. He said:

"Atlas Stream Processing is the most important announcement at this week’s event, with Vector Search being the second most important announcement in my book. Low-latency workloads and requirements are only becoming more prevalent, so MongoDB really had to step up on this front if it is to live up to the company’s billing as a "developer data platform." Rival data platforms associated with analytics, such as Snowflake and Databricks, have already addressed real-time needs, so MongoDB is filling a competitive gap."

Vector Search and Stream Processing are likely to appeal to developers building AI-based applications. MongoDB said Beamable, Pureinsights, Anywhere Real Estate and Hootsuite are building next-gen applications with the new Atlas capabilities.

To round out the Atlas updates, MongoDB also added Atlas Search Nodes with dedicated resources for search workloads, efficiency improvements with MongoDB Time Series collections and new Atlas Data Federation for queries and isolating workloads on Microsoft Azure.

For MongoDB, the race to build enterprise-grade generative AI apps is an opportunity to grow its multi-cloud developer data platform. Although enterprises aren't scaling LLMs and generative AI applications yet, the interest is there.

To capitalize on the generative AI and LLM interest, MongoDB is looking to address the following with Atlas Vector Search:

  • Provide the flexibility to store and process different types of data. LLMs require data in the form of vectors to represent data types such as text, images and audio.
  • Store vectors so LLMs can use them without needing a specialized database that lacks integration with existing technology stacks.
  • Enable developers to deploy new workloads such as semantic search, text and image search and personalized product recommendations in one platform.
  • Provide developers with the ability to augment pre-trained generative AI models with their own data.
  • Integrate frameworks such as open source LangChain and LlamaIndex and use them so developers can access LLMs from partners.

With Atlas Stream Processing, MongoDB is looking to do the following:

  • Provide developers with real-time streaming data from IoT devices, browsing and inventory feeds to create real-time experience and optimize on the fly.
  • Leverage streaming data without specialized programming languages, APIs and drivers.
  • Give developers one interface to extract insights from streaming data across multiple data types, connectors and technologies.

While Atlas Vector Search and Atlas Stream Processing were the headliners, MongoDB had a series of other launches. Here's the breakdown.

  • MongoDB Atlas Search Nodes give developers dedicated resources so enterprises can scale search workloads independent of the database.
  • MongoDB Time Series collections provide options to modify data that has already been ingested. Time Series collections will also improve storage efficiency and query speeds.
  • The company is adding Microsoft Azure support to MongoDB Atlas Online Archive and Atlas Data Federation to go with Amazon Web Services. Support for Microsoft Azure Blog Storage means MongoDB customers can work with Azure and AWS datasets.
  • MongoDB launched MongoDB Relational Migrator, a tool that streamlines the process of migrating applications and legacy databases.
  • Google Cloud Vertex AI LLMs will integrate with MongoDB Atlas so developers can use Google Cloud foundational models across MongoDB Atlas Vector Search.
  • The company outlined MongoDB Atlas for Industries, which is a set of integrated tools for vertical use cases. The first industry targeted by MongoDB Atlas for Industries is financial services.
  • MongoDB also outlined additional programming language support for deploying MongoDB Atlas on AWS, the Kotlin Driver for MongoDB for server-side applications and more streamlined functionality for Kubernetes and Python.

Bottom line: MongoDB sent the message that developers can leverage the Atlas platform for generative AI capabilities. Henschen said:

"I think the 5% of companies that are innovators and the next 20% to 25% of companies that are fast followers will be the ones that are most interested in these features. It promises to make MongoDB stickier for developers at these companies as they now know they can turn to MongoDB, a tool they already know and love, for help in developing generative AI capabilities."

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Amazon vs. Walmart: 8 innovation takeaways

Amazon vs. Walmart: 8 innovation takeaways

The Amazon vs. Walmart battle is one of the great American business case studies happening in real time. DisrupTV caught up with Jason Del Rey, author of Winner Sells All, about his reporting on Amazon and Walmart for his book.

Walmart, Target highlight intersection of supply chain, customer experience

Here's a look at the takeaways from the DistrupTV interview, which starts at the 20 minute mark:

  1. "(Walmart) is one of the greatest case studies in the innovator's dilemma that we’ve ever seen in modern business history," said Del Rey. Amazon and Walmart are the two biggest private sector employers in the US and affect our lives in so many ways. "But the rivalry has impacted each other's decisions," said Del Rey.
  2. Walmart CEO Doug McMillon isn't a risk taker but recognizes the company had to take risks to survive. Del Rey said McMillon in an interview said Walmart is on the right path toward transformation, but it took years to get there. Walmart initially thought that Amazon and e-commerce wouldn't be a big threat.
  3. How did Walmart miss Amazon? Part of the Walmart blind spot toward Amazon was arrogance but a lot of it was incentives and how brick and mortar managers didn't want to cannibalize physical sales. "The one thing I learned is that incentives really matter at a business and how different units interact for better or worse," said Del Rey.
  4. Top down culture changes. Del Rey noted that McMillon has changed Walmart culture from the top and Jeff Bezos clearly drove Amazon. What's changing now is that Bezos has handed off the CEO role to Andy Jassy. Del Rey added that the Jassy tenure has been marked by cost cutting and diving into the retail business. "Where there is more of a difference is with the cost cutting. I don't know if Amazon under Jeff Bezos would have had it in them to pull back as harshly," said Del Rey.
  5. What do Walmart and Amazon have in common? Del Rey said Amazon's leadership principles about customer focus and a bias for action came from Walmart. Each company has strayed at different points. "In early 2000s, Walmart got fat on its profits and success," said Del Rey. Today's Amazon added hundreds of thousands of employees and lost its bias toward action and is now focusing operations.
  6. Healthcare potential. Both Walmart and Amazon are targeting healthcare because there's a customer need and the profit margins are better, said Del Rey. "Both of them have been involved in this space in some way," said Del Rey, who noted that both companies have also dueled over healthcare acquisitions. "Both have had failures over the years, but both are really giving healthcare a go."
  7. Will it always be Amazon and Walmart as a duopoly. Del Rey said the competition between the two retail giants is good for competition, but "my fear is competition alone will not be enough." He added that it would be great to see a new company delivering convenience and a serious No. 3 rival to Walmart and Amazon. Del Rey added that Target gets overlooked, but it's more likely that a currently underestimated rival or adjacent player like Shopify will be a threat.
  8. What's the follow up? Del Rey had to stop writing as the generative AI craze took off. Another storyline for the future will be how Amazon and Walmart expand into India.

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AI Regulation, Culture Transformation, Google Talk | ConstellationTV Episode 60

AI Regulation, Culture Transformation, Google Talk | ConstellationTV Episode 60

ConstellationTV hits episode 60! 🎉 Tune into this segment and you'll get...

  • 00:00 - Introduction with co-hosts Holger Mueller and Liz Miller.
  • 00:56 - #tech news updates with Liz Miller and Holger Mueller around #ai regulation, #transparency, and more.
  • 11:19 - An interview with Avaya CEO Alan Masarek about Avaya's transformation and its firm foundation of #culture that's been crucial to success.
  • 20:22 - Analysis from Holger and Doug Henschen about Google Talk 2023, and the direction Google is heading with its products and services.
  • 31:55 - Classic CRTV bloopers, this week Liz describes her approach to college dating...

Subscribe to our YouTube channel and never miss an episode! https://lnkd.in/eGCDxfXE

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Hyundai Motor's innovation strategy: What we can learn

Hyundai Motor's innovation strategy: What we can learn

Hyundai Motor said it will expand its electric vehicle production and outlined a new strategy called the "Hyundai Motor Way," but the most interesting items had nothing to do with automobiles.

Today's Hyundai is best known for its Hyundai, Kia and Genesis brands. Tomorrow's Hyundai may be better known for autonomous vehicles, flying cars and robots that perform a variety of functions.

Hyundai held an "2023 CEO Investor Day" in Seoul and the broad strategy highlights how the company plans to innovate away from internal combustion engines and become a "smart mobility solution provider." See: Inside the Continuum of Growth and Innovation

Here's what we can learn about innovation from Hyundai's big plan for 2032.

Innovation requires long-term planning. Hyundai outlined a 10-year investment plan to electrify and develop multiple businesses. Hyundai plans to invest $85 billion over 10 years. About $27 billion of that total will go toward electrification, which will feature a value chain that also serves as a bridge to the future.

Constellation ShortList™ Innovation Services and Engineering | The Top 150 Digital Transformation Executives Harnessing Disruptive Technologies to Drive Innovation

Software is everything. Hyundai updated its software defined vehicle (SDV) strategy and plans to build an app ecosystem and an open operating system that will cover everything from autonomous driving, over-the-air updates and other items.

Invest in startups that can advance the SDV strategy. Hyundai plans to use Hyundai-backed startup 42dot as its global software base. Hyundai said:

42dot will start developing its own software platform called Titan by 2024 and validate the platform by 2026 in order to launch an autonomous driving purpose-built vehicle (PBV) business after 2027 with the aim of turning a profit after 2028, according to a phased technology development roadmap.

From there, 42dot will develop new businesses based on PBVs and its software for the mobility and logistics industries. The move makes sense since 42dot can run faster than Hyundai as a whole.

Robotics is a play on the future and requires some patience. Hyundai acquired Boston Dynamics in 2021 and has built out its Robotics Lab. For the market to expand, Hyundai plans the following:

  • Development of cognitive judgement and natural language technology.
  • Spatial navigation and movement technologies.
  • A robot management system that can lead to motion sensing wearable robots as well as new models for multiple purposes.

Mobility will also include air travel so partner up. Hyundai is betting that advanced air mobility will be key to developing cities of the future. Infrastructure for flying vehicles will require partnerships with the likes of Microsoft, Rolls-Royce, Hyundai units and other partners.

Today's sustainability plays may be different tomorrow (think hydrogen). Hyundai plans to become carbon neutral by using hydrogen, including biogas and waste-plastic based hydrogen, to power its EV production facilities and surrounding infrastructure. The company said it will present its hydrogen business vision at CES 2024.

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PegaWorld iNspire 2023: Wrapping things up with Liz Miller

PegaWorld iNspire 2023: Wrapping things up with Liz Miller

Constellation analyst Liz Miller gives her analysis and key takeaways from PegaWorld iNspire 2023.

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