We are delighted to bring you an insightful interview with Pavel Konečný on the future of NSW, as featured on the CzechCrunch portal.
Seventy-five companies from all over Europe were selected, and we assume that most of them managed to conclude the contract. Only one of them was from the Czech Republic and that was Neuron Soundware. For more information, please see here.
The quality of customers is significantly higher than when we started. Equally important is the fact that they are renewing and expanding their contracts. Currently, we have installations in the USA, Japan, Southeast Asia, and, of course, in Europe.
The entire process took over a year, from drafting the initial version of the application to the contract’s conclusion. The secured grant financing means that the company’s equity isn’t diluted. We highly value the financial support from the European Innovation Council (EIC), as it specifically targets deep tech companies. It’s a prestigious recognition, and in recent years, we are the only Czech company that has succeeded with the EIC.
The disruptions in the supply chains forced us to redesign some of our hardware technology. We had to postpone a number of projects. We focused on improving our technology, where we made significant steps forward, enabling us to compete with the top AI companies in the world.
Simultaneously, we have started to build a global partnership network that, reflecting our ambition to become a respected international player in the field of AI, machine learning and IoT solutions.
Our strategy lies in providing know-how to leading global OEM manufacturers in the development of new technologies and products. This focus is beginning to bring the expected results. Currently, we are engaging in discussions about close collaborations with some world leaders in the fields of robotics, transportation, energy, and other interesting industrial sectors.
In 2020, we dedicated significant effort to the development of our nGuard software platform. In addition to our internal team, we engaged a number of subcontractors. We continue to invest in the ongoing enhancement of our solution, but we completed the majority of the initial development by the fall of 2021. This led to a reduction in overall costs compared to previous years.
Inven Capital opened a new, larger investment fund and strategically decided to focus on supporting companies in later stages of development. After mutual agreement, one of our investors bought out their stake. They still have an interest in our success, including business collaboration within the ČEZ group.
I’m glad that media attention has returned to AI, whose social impact will be greater than any global events in recent years. I’ve been following the development of AI for a long time, and the current progress was foreseeable. The evolution of AI is a gradual and iterative process, with small or large leaps forward. It took OpenAI over 6 years and billions of dollars to create a language model that captivated the public.
It’s crucial to realize that this process won’t just end here. AI will not only write captivating children’s books, create computer games, or drive cars. It will design houses, invent new materials, and more. Soon, we will have superintelligence, and likely even with its own consciousness. Over the summer, I wrote an essay pondering whether we will employ it or it will employ us (read in English).
Our position as human beings as masters of creation will likely change dramatically. Evolution has brought us to a certain stage of development, but a silicon brain, unlike a human one, knows no limits. No one will be able to read as many books in their lifetime as AI can in a few hours.
I had an illustrative image generated by AI on the topic of humanity’s position relative to AI superintelligence. So, let’s keep our fingers crossed for a favorable outcome for all of us.