Signals From The Frontier
Covering Deep Tech signals that indicate the future may be different from today:
DishBrain is a hybrid creation that combines 800,000 living brain cells with silicon substrates and has demonstrated intelligent like behaviour. The Technology, Opportunities, and Challenges of Synthetic Biological Intelligence is a recent paper that considers some of the ethical implications of this work.
It is now fairly straightforward to encrypt data in motion and at rest but managing encrypted data whilst it’s being processed remains a key challenge. MongoDB’s Queryable Encryption approach allows servers to handle queries on data whilst maintaining the confidentiality of the data both from the service operators and the database itself.
- Messaging app Signal has announced it has updated it’s open source protocol to include quantum resistance by using Post-Quantum Extended Diffie-Hellman encryption. This is probably for the best as we are seeing advances both in quantum hardware but also in the algorithms. A recent paper proposes a way to factor very large numbers that may be more efficient than Shor’s Algorithm.
- I lived in Singapore for ten years and so have experienced the clogging clouds of smog generated by the annual burning of palm trees across SE Asia. 2015 was a particularly bad year in which fires in Indonesia put 600 million tons of greenhouse gas into the atmosphere and an estimated 100,000 people died from the air pollution across SE Asia. So great news that a team from Queen Margaret University in Edinburgh have developed a 100% plant-based alternative to palm oil that they claim is 70% better for the environment and 80% lower in saturated fats.
- Maersk has launched the world’s first methanol powered containership, the Laura Maersk. The other big contender for marine fuel of the future is Ammonia. But Ammonia has some serious health and safety risks associated with it as this article highlights.
- HII’s Newport News Shipbuilding and General Dynamics Electric Boat are collaborating to integrate additive manufacturing into the shipbuilding process for submarines. The companies are focusing on using marine-based alloys, such as copper-nickel, to provide an alternative to traditional castings and speed up lead times for critical components.
- Regulators are beginning to get to grips with recent tech advances with the UK’s Competition and Market’s Authority defining seven principles to try and avoid foundational models being dominated by a small number of large tech firms. Meanwhile, the WEF has laid out it’s recommendations for developing a safe and inclusive metaverse and China’s Ministry of Industry and Information Technology has created a working group to develop its own standards for the metaverse.
- Lessons from past technological revolutions show us that they are underpinned by general purpose technologies of which Large Language Models (LLMs) are certainly one. But it is also the combination of technologies that lead to large and unexpected breakthroughs and there is so many exciting things happening across multiple domains at the moment. The video below shows you what the Toyota Research Institute has been up to in combining LLMs with Robotics.
Deeptech Reads
Articles covering emerging technologies in more depth:
- In good news for our current understanding of physics, Scientists have demonstrated that both matter and antimatter respond to the force of gravity in the same way.
- How will we feed astronauts on Mars and beyond? Spacefarming: The future of Food Exhibition in the Netherlands is exploring new ways to produce nutritious and sustainable food on Earth and in harsher environments. The Food Ingredients website provides a “taster” of some of the technologies on show.
- I bought my daughter an original Tamagotchi last weekend which reminded me of the Tamagotchi Effect – our human tendency to form an emotional attachment with even simple objects. Today, as Professor Emily Bender says: “We now have machines that can mindlessly generate words, but we haven’t learned how to stop imagining a mind behind them.” That’s why this report from Public Citizen exposing the dangers of deceptively anthropomorphic systems is well worth a read.
- Is AI a form of alchemy or strictly in the domain of engineering and science? This debate was sparked by a VentureBeat conversation with Thomas Krendl Gilbert and had industry luminaries such as Yann LeCun and Ilya Sutskever taking positions on either side. As for me, I follow the wise words of Alan Moore in defining Magic as Art. In that case, the “art” of coding, symbol manipulation and linguistic focus of much of modern deep learning clearly places it on the magic side of the equation.
- Gartner estimates that cyberattacks on the 15 billion current IoT devices will cost over $50B in 2023. Brute forcing weak passwords remains the primary attack vector and the situation has become so bad that cybercriminals are deploying features in their IoT malware designed to thwart rival malware! Another challenge with IoT is powering the devices. Researchers from the University of Michigan have made significant progress in developing ferroelectric semiconductors that are just 5 nanometers thick. This could enable extremely efficient, low-power devices, as well as devices capable of storing and processing both traditional and quantum information.
- Research commissioned by Parkwalk, the UK’s largest investor in spinouts has highlighted that funding in the sector is falling. A decade of consistent growth has seen over £13Bn invested into UK spinouts but the total amount invested has fallen year on year in 2022, and is set to fall again in 2023 as a result of higher interest rates and lower risk appetite but also off the back of a record 2021.
- Tesla has a goal of fully automating its production line. This article explores how Tesla is able to develop a new car model from the ground up in 18 to 24 months (compared to 3-4 years for the traditional car manufacturers). One of the major hurdles that remain for full production automation is a way to run and connect cables within the cars for the increasing amounts of complex electronics that are embedded within them.
- And finally a trilogy of books on material science to add to your reading list:
- Between Making and Knowing is about the tools and history of materials science looking at how each technique is used and has developed over time. It also explores how making things is not simply a precondition of knowledge but a form of knowledge in of itself.
- Between Nature and Society is a philosophical biography of materials that explores the central role that materials play in human society. The book examines how fifteen materials have shaped human history and culture.
- Between Science and Industry explores the role of institutions in promoting material science and engineering and investigates the emergence of material science as a discipline.
Deeptech Deals
A round up of deep tech deals and new programs:
- Immaterial is a Cambridge University spinout focused on decarbonising the world using advanced materials. It has now closed its Series A round to help deliver its inaugural carbon capture and hydrogen storage demonstrators. The round was led by SLB with participation from AP Ventures, CEPSA, Chevron Technology Ventures, Energy Revolution Ventures, JERA Co, TRIREC and Ultratech Capital Partners.
- Newcastle University spinout, MarraBio, has raised an undisclosed seed round from Maven Capital Partners, CPI Enterprises, Northstar Ventures and TCS Biosciences to scale its bacterial protein polymer technology.
- The US Department of Defense has awarded $238M to eight microelectronics “hubs”. The funds flow from the CHIPS and Science Act with a total of $2Bn in funding allocated to the Microelectronics Commons initiative between now and 2027 focusing on edge, IoT, 5G and 6G chipsets, AI hardware, quantum technology, electromagnetic warfare and commercial “leap ahead” technologies. Seperately, Global Foundries has secured a firm-fixed-price, indefinite delivery/indefinite quantity contract worth a potential $3.13Bn. Meanwhile, the US Department of Energy has announced $72M for three sets of projects designed to innovate manufacturing processes for wind and water technologies. This is all in support of the US Govt’s wider goal of deploying 30GW of offshore wind energy by 2030.
- Crucible Therapeutics, a University of Sheffield spinout, has raised £5M to develop its pioneering gene therapy for motor neurone disease (MND), amyotrophic lateral sclerosis (ALS), and frontotemporal dementia (FTD). The funding from Northern Gritstone and Argobio Studio will take the company to its first clinical trial.
- Global Frontier Technology Ventures has raised it $140M in its inaugural fund focused on early-stage AI and deep tech startups based primarily in the US and Israel.
- Hyundai and Georgia Tech have inked an agreement to collaborate on research into hydrogen fueled engines for large trucks. Autocar provides all you need to know about the current state of hydrogen vehicles in the UK.
- KYP.ai has closed a $18.7M series A funding round led by OTB Ventures with participation from 42Cap and Tola Capital. The German based startup has an AI-infused productivity platform and plans to use the latest round of funds to scale the business globally.
- UK based CMR Surgical has raised $165M to secure its position in robotic surgery. This follows a previous $600M raise in 2021 which was the second largest healthcare round of that year. Meanwhile, following a $30M Series B round in April 2022, Diligent Robotics has closed a $25M funding round led by Canaan and with participating from True Ventures, DNX Ventures, Next Coast Ventures and Northwestern Medicine. The funding will be used for its Moxi robot that works alongside hospital care teams.
- BariaTek has secured €1.5M of non-dilutive financing from Bpifrance under the “France 2030” plan. The company was founded by Truffle Capital and is developing medical devices to combat obesity and diabetes.
- Cisco has acquired cybersecurity firm Splunk for $28Bn in cash. Splunk was founded in 2003 and raised around $40M before it’s IPO in 2012 at a valuation of around $1.2Bn. It is on-track to do around $4Bn in revenue this year.
- Corti has closed a $60M Series B round co-led by Prosus Ventures and Atomico with participation from existing ventures Eurazeo and EIFO. This brings the total raised by Corti to $86M to develop its AI healthcare co-pilot. Meanwhile, Amsterdam based healthcare startup MYCB1 has secured an additional €30.8M in funding to help prepare for its IPO.
- Taiwan Accelerator Plus International SpaceTech Startup Program in collaboration with ESA and ISRO has finished. Four of the sixteen startups graduating from the program include:
- Astrogate Labs: Enabling high-speed communications for small-satellites with laser communication solutions.
- Delta-V Analytics: Developing an AI-infused digital twin for satellite manufacturing and operations.
- Inspecity Space Laboratories: Reliable servicing and de-orbiting of satellites.
- SpaceDrone: Smart and modular space drones.
- DIEZ has partnered with MIT to launch the DesignX Dubai Accelerator focused on sustainability and cleantech startps. The first cohort of the 3-month program will kick off on October 16th.
- Transition has raised $200M to fund startups helping restore/improve or reduce humanities impact on one of the planetary boundaries.
- Kuano, a company combining AI with quantum mechanical simulations to create next generation medicines, has closed a £1.8M seed round. The round was led by Mercia Ventures with participation from ACF Investors, Ascension Ventures, o2h Ventures, Meltwind Advisory and Angels.