Bjørnar Jensen

🌿 So why don't we? 🌍 #ESGSolutions #Sustainability #UNSDGs #ClimateAction #Transformation #illuminem #DrivingWhatMatters4ESG (DWM4ESG)

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🔸 🔶 🔸 AI is going vertical 🔸 🔶 🔸 In a new guest article for Gründerszene / Business Insider I talk about how vertical AI is revolutionizing the work environment: After genAI took the world by storm it has rapidly commoditized. To train an advanced LLM costs hundreds of millions of $$$. But the usage of LLMs has become commonplace. Now the AI world is turning vertical: How can genAI solutions successfully be deployed within industry verticals? Not on the surface but solving some of the tough industrial challenges in a substantially new way, driving an increase in productivity by a factor of 2-5? That has become a core area of interest for AI in 2024. Vertical AI is already making inroads into a number of core industries such as consulting, finance and healthcare but is also being used in less obvious sectors such as wind energy generation or sports. Over time it is likely to affect our work environment across all sectors. And - unlike earlier automatizations - it is going to affect mostly white collar rather than blue collar work. Welcome to a new and lasting technological disruption. Gründerszene, the leading online magazine for the startup scene in Germany (operated by Business Insider), got interested in the subject and has featured an article on the subject this week. Take a look at the online article following the link below (in German): https://lnkd.in/ecJcUwHK (the Gründerszene article as a pdf: https://lnkd.in/eimBKSQP)

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Start-ups in Europe: a light at the end of the tunnel - finally!    This article by Nadine Schimroszik in Handelsblatt gives reason for hope for the tech ecosystem, as it summarises a development that has been tentatively emerging for some time: The number of new #start-ups in Germany is growing again, by 17 per cent, as shown by a comparison of the first quarter of 2024 with the same quarter of the previous year.   💡It is particularly interesting to see that most investments are being made in AI. An unmistakable sign that they continue to be a driver of innovation for the German startup ecosystem.   We recently came to a similar conclusion with my team, as part of our analysis of the German startup landscape. Our conclusion: more and more funding are being mobilised for ♻️ #Greentech business ideas that are based on AI-based technologies and have a positive impact on our planet. More info on our research at IRIS can be found in Startup Insider`s Investors Report 2024: https://lnkd.in/dU-5AMPz More info on Nadine’s insightful article here: https://lnkd.in/depicwGA

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💸 ➡️ 🧠 Time to dive back into some REAL work, after a fun week chasing LP in Berlin. Look forward to connecting with AI experts, founders, and corporates to discuss "Autonomous Transformation" for legacy industries. #ai #automaton #aisummit

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Very interesting insights on the present and future of innovation in the corporate space 👇

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Ep.17 Drop #20Angel 🎙 The one & only Philipp Moehring, Co-Founder of Tiny Supercomputer Investment Company, joined me in the hot seat for a rare public appearance 🔥 👉 Introducing Tiny Supercomputer Investment Company FUND III ✍ 👉 Higher valuations = higher expectations 💣 👉 Giving Founders the freedom to be extreme 🤪 👉 Your access gives you your price 💰 Some Founder References on Philipp: dennis müller (Amie): "More than most, pmoe is a cheerleader. The journey is already hard enough, some VC's make it harder by sending unsolicited articles with "seen this?". He's the opposite. always fun to brainstorm ideas with him. Differentiated intros relative to others." David Budde (trawa): “He‘s been a great sparring partner and has a ton of experience. I remember, the night before our Pre-Seed closing, we found a minor but important error in our cap table. Unsure what to do, we called Phil late that evening for guidance. To me, it‘s super important to know that I can reach my investors, if it actually matters, and that they‘ll be able to help! + he’s just a really nice guy.” Milos Rusic (deepset): “Phil is amazing! He was actively involved in assembling each of our funding rounds - even in the first round where he committed before we had settled for a lead investor. He actively helped to construct our favourite setup of lead investors for that initial round. He knows everyone and his support is not limited to great intros - he really helps founders to assess and identify which investor could be a right fit for them. 100% reliable, massive value for every company. What they do is really unique.” This was a special one to do, hope you enjoy 🍿 https://lnkd.in/gTRT_SmJ 20VC, #AngelInvesting, #technology, #podcast, #entrepreneurship, #VC, #Founder, #Investing

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🌟Introducing Koyo Capital Many of you have been asking about my next steps and plans. Over the past decade, as an active member of the Swiss Venture Ecosystem, I participated in over 100 venture transactions, supported many founders on their journey, co-founded Aare Ventures, by now one of the now largest Swiss business angel clubs, and took part in numerous venture initiatives across Switzerland. This experience allowed me to grow as venture capitalist and to become an entrepreneur myself. I am grateful to everyone who has trusted and continues to trust in me and my capabilities. 🚀 Today, I am thrilled to announce the launch of Koyo Capital, alongside my co-founder Max Meister. We gathered an incredible team of individuals around us including Anna H. Roth-Gardlo, Maximilian Boelck and more tba. Leveraging our extensive knowledge of the VC world and our experience of what works and what clearly doesn’t, we developed our unique investment thesis and strategy that we are executing at koyo. 🍁 Koyo represents the discovery of hidden gems. While Japan is internationally renowned for Sakura, its cherry blossom season, for locals, Koyo, which describes the colourfulness of autumn, is an equally significant event. The diversity of colours and the uniqueness of each leaf mirror the landscape of startups. Each company is unique, with distinct strengths, diverse teams, innovative business ideas & products, and specific areas where targeted support can profoundly influence their chances of success. At koyo, we are passionate about uncovering hidden gems and shaping them into successful ventures with an owner-operator approach. VC is not "one size fits all", it is a craft, requiring a tailored value creation playbook for each team. Therefore, we invest in only a few carefully selected companies with highest conviction, allowing us to dedicate the time necessary to best support the companies on their journey to relevance. With our investment thesis “Fortify and Explore”, we focus on ventures predominantely at the post-seed stage in the sectors: 💻 AI as Infrastructure 🛡️ Cyber Security and Resilience 🔗 Web3 🧬 AI in Life Sciences and Diagnostics 🤖 Robotics and Intelligent Systems, 🚀 Space Technologies ⚛️ Quantum Technologies We hit the ground running, with a first syndicated investment in RAAAM™ Memory Technologies, a potential outlier in the semiconductor space. I am looking forward to continuing collaborating with visionary entrepreneurs and investors and to support our ecosystem in growing to maturity over the next decades.

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I don't trust AI – that's what almost 70% of people in Germany think. The #AI answer engine Perplexity could change that. We are now running a campaign with Perplexity as part of Magenta Moments – the benefits programme for our customers.   "Moby-Dick is about the friendship between a man and a dolphin." While this statement is clearly untrue, it is an example of the potential risks of 'hallucination'. The phenomenon that describes how #GenAI sometimes tends to present invented facts as truth. A false statement about this novel might be a convincing answer for people who have never heard of the book. Perplexity addresses this problem. How does it do this? 🐋   1. Source citations: Perplexity always includes original web links in its results. So you can check everything yourself. And make sure the sources are trustworthy.   2. Conversational search: If you are not convinced, you can challenge the bot to find better sources. Perplexity lets you chat with the results. This is made possible by the inclusion of state-of-the-art large language models such as GPT-4 or Claude.   3. Personalisation: By remembering your searches, Perplexity becomes more familiar with what you are looking for. While still giving you a broader perspective. Including photos or videos.   This concept has been very successful. Within a year, Perplexity had two million monthly active users! Today, Perplexity's approach has resonated with users around the world. 10 million people rely on its conversational search capabilities. And many of our long-term customers could be among them – because Deutsche Telekom is partnering with the AI start-up to bring a one-year premium subscription of this AI to Magenta Moments. And with it: AI-powered information interpretation based on current and relevant material. I am convinced: Perplexity is a powerful response engine. Have you tried it?   🙏 Thank you for this great partnership: Aravind Srinivas Ryan Foutty Tim Höttges Jonathan Abrahamson Christin Zörner Ann-Katrin Reuter David Schroeder Johannes Deubener Rickard Damm Thomas Weiler Jose Perdomo Lorenzo Arnab Goswami Kanwardeep Singh Ahluwalia (K.D) Jan Hofmann Alexander Helmke Kristina Wunderer Marco Benninghaus York Lohse, Joshua Müller 

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Back running in Tiergarten, Berlin, where I trained for my first marathon 15 years ago - great memories! I am in town at SuperReturn meeting with private capital investors discussing the impact of AI on fundraising, investment strategy and value creation. Some great insights from speakers and panels I would love to share: Anders Thulin shared how Triton Partners take a very systematic approach to digital and AI across portfolio companies, ensuring a value focussed and ambitious digital agenda in every portfolio company. My perspective is that operators are often too ad hoc and incremental about enablers in digital value creation plans - not taking into account the flywheel that can be created by a scalable and systematic approach. Anders gave good examples of the opposite. Sven Törnkvist at EQT Group added insightful thoughts on macro shifts in the economy and how to have a sophisticated and informed approach to software and tech investments in light of the step-change in capabilities enabled by Generative AI. I fully agree, having a informed view on where markets might be going grounded in a solid grasp of technical capabilities will be a differentiator in the complex software investment landscape. Dominic Gallello at Bridgepoint shared a case and approach for how to build solid data foundations in a rapid and scalable way and the flywheel of value creation that this enables. Overall - this I agree this is where everyone needs to build muscle, how to rapidly stand up the right data platform and be very focussed in value-back data transformation. Andrea Peyracchia at CVC Capital Partners discussed a case highlighting how radical simplification of product and technology enabled acceleration of value creation. I think this was a great case and highlights how early and rapid technology transformation actually is a significant enabler to accelerating the entire value creation plan. Finally - an uplifting conversation with Harald Braunstein rapidly firing through several interesting ventures, reminding me of the amazing moment we are in for the digital economy. AI is a shift the size of the internet, but still extremely early in its maturity, and there is a significant number of massive companies that are just now getting founded and will change the economy going forward. Thanks everyone for sharing insights and thoughts. My enduring impression is that there are very interesting initiatives across private capital portfolios - but that we are still below 20% of full potential from digital and AI value creation across the global private capital portfolio. Lets keep learning together to unlock the next 80%.

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It is only the first edition, but HLTH Europe has already established itself as the leading #HealthTech conference in Europe. Besides my 4 highlights, I also had the chance to moderate a panel on the topic "Last mile: Localising access for underserved areas" with 3 fantastic panelists: · Prathibha (President, Mayo Clinic Health System) · Minal (National Director of Primary Care and Community Transformation, NHS England) · Harmony (SVP, Chief Medical Officer & Head of Global Medical at ViiV Healthcare) PS: Amira (SVP Innovation at Siemens Healthineers): we missed you! Here are the key insights of the panel: Bringing healthcare #access to all, especially to underserved areas, has been a challenge since the inception of healthcare. With all the technology of our modern world, is #Healthcare access on the verge of being solved? The short answer is no. But there is hope. In the UK: ➝ There is a 15-year life expectancy gap between deprived areas, and wealthier neighbourhoods nearby. ➝ Funding struggles to keep up: In the next 15 years, a 37% increase in "ill-health costs" is expected, while the working population will increase by 4% over the same period. ➝ Increasing productivity is essential to solve the problem: A 1% decrease in productivity costs 1.5 billion pounds. In the US: ➝ The zip code is (still) a better determinant of health than the genetic code. ➝ Enabling access to underserved areas can also be seen as an opportunity rather than a problem. Tech adoption will be faster due to higher unmet needs, accelerating innovation that can later benefit well-served areas. Debunking one myth: ➝ For HiV, there is now a better access and coverage in Africa than in certain parts of developed countries (US and Europe). Pockets of innovation: ➝ To unlock HCP capacity, the NHS has a national program to move towards a modern General Practice, moving away from "first come first serve" to a new model based on population health and segmentation: the right care for the right person in the right way. First results show that 30% of GP appointments could be done via "messaging only" (instead of F2F visits), bringing massive efficiency gains. ➝ Mayo Clinic already has 75 specialties that are technology enabled, bringing the “Mayo medical care" in the rural areas via virtual and hybrid models, and also embedding the 50+ AI algorithms already active at Mayo. ➝ But increasing access is not only about Tech. Sometimes, it is about boldness: Viiv Healthcare, a pharma company specialised in HiV, gave the patent of its drugs away in 90+ underserved markets, enabling cheap and at-scale production. What does the future hold? Will someone living in an underserved area be able to visit the "Mayo Clinic in the metaverse with his / her digital twin?" Special thanks to Katy, Lina and Henry for this fantastic conference!

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This was really so far the best offline meetups experience for me! Very engaging & passionate members, insightful industrial observations and perfect mix of professional and personal life discussions. What I've noticed is that the women in AI's community are dedicated to the development of the industry and personal career growth while always keeping an eye on what AI can do for society as a whole. In my opinion, this is a much more sustainable strategic approach. This is why AI, especially generative AI, a disruptive technology, needs more women on board. Huge thx to Women in AI Germany, Austria & Switzerland 👏 Thx to Sonia Zimmermann, Svenja Schölermann, @Dr. Maria Börner, @Adrienne Botma, Ceren Yeltan, Lili Marocsik for organizing this amazing event! #women in AI #AI meetups

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🎉 Great #SuperVenture2024 in Berlin It was yet another great gathering of established and emerging VCs over 3 full days of conference and side events. I am looking forward to keeping in touch with everyone. #SuperVenture #VC #EBAN #emergingmanagers #angelinvesting #familyoffice #thefamilyofficeclub #tech #privateequity #innovation #entrepreneurs #founders #entrepreneurship #Monaco 

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„I don’t want to see a 25% unemployment rate,” says Sascha Lobo, a German internet pioneer, #AI expert, DER SPIEGEL columnist, speaker, podcaster and author on #HandelsblattDisrupt in conversation with AI-Team Lead at Handelsblatt, Larissa Holzki. “And neither does anyone else,” he adds. “That’s why the economy is in fact obliged to participate in the great AI #transformation.” All business models, processes and decision-making levels will be touched by AI, he says. And he calls on #Germany to break with the old and cherished pattern of incremental #innovation – improving products and processes to the nth degree – and to finally embrace truly disruptive innovation. “That means destroying and rebuilding everything to be able to conquer new markets,” he says. “And that requires courage.” He also talks about the hate mails he receives, and about fake news flooding the net, especially since discussing the amount of disinformation surrounding the Israel-Gaza conflict in one of his #podcasts called “#FeeltheNews”. Tune in for more at Handelsblatt podcasts – and join the conversation! And if you need more background on AI – get Larissa Holzki’s weekly AI newsletter https://lnkd.in/em-4A2ij     We help produce great podcasts! https://lnkd.in/exZtR-U2  

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🔍 AI – Climate Savior or Destroyer? Artificial intelligence and its impact on climate has been on my mind for some time. Handelsblatt recently wrote about it and I thought there were some interesting take-aways worth sharing: 🔷 The rapid growth of AI is putting significant pressure on global energy systems. Data centers consume about 4.5 gigawatts, projected to increase more than 4x within four years – equivalent to the output of almost 14 nuclear power plants. 🔷 If Google searches become AI-driven in the future they would consume ten times more energy than now, illustrating the escalating demand. 🔷 Efforts are being made to reduce the environmental burden of AI, such as innovations in "Clean IT" focusing on using more efficient hardware, optimizing energy storage, and reducing energy consumption. Additionally, IT systems themselves could become more efficient by addressing overly complex programming and poor IT system design. Using smaller or more efficient AI models, which don’t require total calculation accuracy, can also save energy. For example, calculations for AI can be performed with much lower numerical precision and tolerable rounding errors. 🔷 Luckily, AI’s negative footprint is vastly outpaced by its potential for positive climate impact. eSmart Systems and Jungle AI are just two examples of companies scaling AI solutions for intentional, scalable and substantial climate benefits. At Future Energy Ventures we are constantly looking for more, so if you are scaling such solutions, please do reach out! AI has the potential to do more good for the climate than harm, I firmly believe that. By investing in energy-efficient AI, and promoting sustainable practices, we can harness this climate action power. Thanks for a thought-provoking article Katharina Kort, Kathrin Witsch and Luisa Bomke! #FutureEnergyVentures #AI #ClimateChange #Sustainability #CleanIT #EnergyEfficiency

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Sharing a few thoughts from my annual migration for #SuperReturn #SuperVenture in Berlin. 1) This continues to be the best VC/LP/PE event annually. Many are at the conferences, and almost everyone has a representative in town. Any managers or LPs not in attendance should consider it next year. 2) The European emerging manager scene is on fire. I met with almost a dozen, some old friends, some new, all as sophisticated as their US counterparts with thoughtful strategies and impressive growing portfolios. 3) Europe lacks the concentration that SF provides the US. Many startup hubs, some larger, but everyone in Europe is spending way more time on planes than their US counterparts. 4) Nobody knows where the market is going, and fundraising has been tougher in the last 18 months than before, but most agree a lot of money is still being put into the venture ecosystem. That's resulting in a return to deal pace & valuation acceleration -- is FOMO back? TBD 5) In an ironic twist, there seems to be strong interest from US LPs in European managers, and from European LPs in US managers. What did you see? What interested you this year? Welcome thoughts. P.S. the conference logistics were tough this year. To all those that shared the burden, thank you. Let's hope next year is better. cc: Dale Chang Stephan Eberle Patrick Murphy Carmen Alfonso Rico 🍫Jaime Novoa Sebastian Blum Paul Pruijmboom Jasper Masemann Marie Schildt David York Lior Litwak Karey Barker Maximilian Claussen Ameer Awadiyeh Jonathan Heiliger Oana O. Philipp Moehring

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🚀 The Greater Zurich Area has long been a hub for #AI innovation, and now #startups are gaining momentum. In the first two weeks of June, four AI startups from Switzerland secured a combined CHF 55M in funding, with three of them – EthonAI, Synthara AG, and Rivia – based in the Greater Zurich Area.   📈 Another standout is Yokoy, which was recently named the fastest-growing startup in Central Europe by Sifted. Founded in 2019, Yokoy develops AI-powered spend management solutions to optimize business finances.   💡 With top-tier research institutions like ETH Zürich and the University of Zurich, a culture of #innovation, a rich #talent pool, and a business-friendly environment, the #GreaterZurichArea offers unparalleled opportunities for startups to thrive and bring their ideas to life.   🔍 Want to be part of the thriving AI ecosystem and ride the wave of innovation? Learn more here: https://lnkd.in/ebxq-DPP. Or discover what makes Greater Zurich a hotspot for startups here: https://lnkd.in/ezGEQ5nN.   #ArtificialIntelligence #startup #technology #whySwitzerland

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Only 20% of industrial companies in Germany consider themselves digital leaders.    This number highlights the challenge many industrial companies face in transforming into a smarter, digital business.    In the most recent diconium trend report, our experts examined the current state of the digital revolution in the B2B industry and elaborated on why some players are turning into digital pioneers while others are falling behind.    Here are some key insights: ➡️ Explore trends and understand the evolving landscape. ➡️ Master strategic development to build essential skills and foster adaptability. ➡️ Find practical solutions to develop digital strategies and foster innovation. ➡️ Learn from industry leaders' success stories for practical insights and inspiration. ➡️ Uncover the impact of AI, data analytics, and digital platforms.    Want to know more? Download the report for free: https://lnkd.in/dh8M-_dt    #DigitalStrategy #DigitalMaturity #WeAreDiconium

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