Today the Convergence Alliance was unveiled. It aims to enable enterprises to unlock the value from the combination of AI, Big Data, blockchain and IoT. Jaguar Land Rover,
SAP, and Deutsche Telekom’s T-Labs are founding members and Outlier Ventures is the initial curator of the Alliance. The Convergence Alliance has AI in its sights with the other technologies acting as enablers.
“It has become increasingly obvious to everyone [that] platform monopolies like Facebook, Google or Amazon lead to data monopolies, and they ultimately lead to AI monopolies,” said Jamie Burke, Outlier Ventures CEO. “The more data they get, the better their AI and the more dependent customers and users become.”
Burke believes that Facebook’s Libra is acting as a catalyst, like pouring gasoline on a fire. The initial focus of the Convergence Alliance leans more towards industrial sectors. So Libra isn’t a direct threat. But they see the writing on the wall.
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