Defining The Technology of Tomorrow Mr. JF Gagné,
Description: Defining The Technology of Tomorrow Mr. JF Gagné, Chief Executive Officer; Mr. Yoshua Bengio, Co-Founder. January 2020 Montreal, Quebec, Canada Haskayne Consulting: Adam Schwarz, Mahwash Waqar, Gibson Yin, Graham Toombs ELEMENTAI How to
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slide1. Defining The Technology of Tomorrow Mr. JF Gagné, Chief Executive Officer; Mr. Yoshua Bengio, Co-Founder.
January 2020
Montreal, Quebec, Canada
Haskayne Consulting: Adam Schwarz, Mahwash Waqar, Gibson Yin, Graham Toombs ELEMENTAI<br>
slide2. How to overcomer the negative public perception of fear to reduce sales cycle time and capture greater market share to become a world leader? For too long the narrative of the industry has been defined by others. 2 Artificial Intelligence World Domination is a baseless fear that has haunted your industry and company<br>
slide3. Executive Summary 3<br>
slide4. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 4 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide5. ElementAI as it is today 5 Incredible innovation, but you’ve hit a ceiling with market size due to public acceptance<br>
slide6. “We help enterprises operationalize artificial intelligence so that people and machines collaborate better” - Mr. JF Gagné 6 ElementAI goal is to become the world champion of Artificial Intelligence<br>
slide7. Defining The AI of Tomorrow 7 Organizing the industry and defining it in your terms will create the market to become a world leader in AI<br>
slide8. Ethical Standards Framework 8 A standard framework that all will abide by to increase positive legitimacy among general population Protect privacy at all costs
Machines should benefit people
People should always have control over AI program
AI will not be used to suppress or harm people
AI should be focused on increasing prosperity for society<br>
slide9. Double Click to Start Mahwash Waqar 9 ELEMENTAI<br>
slide10. AI In The New Technology Spectrum 10 How to achieve the full potential of AI?<br>
slide11. Element AI Montreal-based startup
Phenomenal success for a 3-year-old startup
Market has responded positively to the AI possibilities
Mission
Working smarter, together
Operationalize AI so that people and machines collaborate better
Solving operational problems and efficiency, going after new market opportunities with the help of AI interventions 11 Attaining critical mass for success<br>
slide12. Element AI: Critical Look 12 Humanizing and commercializing AI through education, industry consolidation and steady revenue streams<br>
slide13. Alternatives 13 A proactive approach<br>
slide14. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 14 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide15. Recommendation 15 4-tier solution that dispels negative perception, introduces industry governance standards and focuses on large industrial clients as well as reduces long sales times<br>
slide16. Ones and Zeroes “10011011001….” Gibson Yin 16<br>
slide17. Element AI Financial Status 250 million fund raised
5 offices around the globe
Partners across multiple industries
Assume company is cash flow positive
Challenges
How to grow revenue and market share? 17<br>
slide18. How Much For Your AI? Investment In Aurora and creating information content - $ 5 million/yr
AI Industry Associate Cost - $100k/yr
Develop AI Ethical Code - $ 50k – once time
Government Lobby - $ 1 million/yr
Innovation To Better Work With Long-Term Partners - $ 5 million/yr
Develop Free Trial Version - $100k – one time
Innovation in Industrial Sector AI Application - $10 million/yr 18 $21.1 million/yr in recurring cost and $150k one time<br>
slide19. Expected Result Grow revenue by 25% Year-over-Year
Achieve 50% operating margin by 2022
Achieve 30% market share of AI business in the industrial sector
Sustainable and established business model, provides option for exit for founder or continue growing business 19 Growth in revenue, margin and market share<br>
slide20. Avoid...Grow Through Acquisition Does Not Solve Perception Problem
Monopoly will likely deter people from adopting AI 20 Does not help Element AI’s current position STOP<br>
slide21. Avoid...Lobbying Alone Does not have the influence right now
Industry standard makes everyone follow the same rule
Makes the industry as a whole more accepted by all 21 Little traction from changing an ingrained perception individually STOP<br>
slide22. Run Code Graham Toombs 22 ELEMENTAI<br>
slide23. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 23 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide24. Industry Association Short Term (0-6 Month):
Plan and host an industry conference with current AI industry companies
Purpose is education, and also marketing to the companies
Marketing has conversations with industry leaders
Operations begins the development of the plan for consolidation
Medium Term (6-12 Months):
Marketing to reach out and bring all interested parties back into the room together
Vote on the potential membership
After 1 year, form the association
Long Term (1-2 Years):
Begin lobbying the government with the association and bring the regulations and standards into the industry
Give complete transparency to consumers the entire way 24 Consumers are scared, and don’t need to be<br>
slide25. Positive Public Perception Short Term (0-6 Month):
R&D to begin building “Aurora” AI program
Marketing to begin building an educational Youtube channel
Hire additional social media personnel
Marketing to build Internet ads based around “Aurora”
A person in the short term, a program in the long term (that uses human likeness)
Medium Term (6-12 Months):
First Aurora ads to be aired on Youtube and internet video ads
Making AI friendly
Social Media team to build an Instagram and Twitter
Youtube Channel to launch, person “Aurora” to lead series
Long Term (1-2 Years):
Person substituted with AI program when ready
Marketing continues outreach efforts 25 The public needs reassurance<br>
slide26. Enter the Industrial Manufacturing industry Short Term (0-6 Month):
Pivot the R&D department to focusing on industrial applications
Marketing to reach out to current partners
Find more work
Inform of pending competencies
Medium Term (6-12 Months):
Marketing reaches out to the industrial area, informing of specialization
R&D continues to specialize
Current partners are interested parties to still be taken care of by consultants
Long Term (1-2 Years):
Heavily inform Industrial companies of potential cost saving avenues given by AI applications
Use R&D 26 Industrial applications are exploding, and you need to get in on the ground floor<br>
slide27. 27 2020 2022 Find partners for the association Begin “Aurora” MKTG finds specialized industrial partners Real “Aurora”
Lobbying for regulation R&D Continues<br>
slide28. Risks and Mitigation 28 You can overcome these with mitigation<br>
slide29. You Asked, We Answered How do we as a company and an industry promote the opportunities created by AI yet address the perceived downsides?
As a company, with positive marketing and outreach. As an industry, create the association to build rules around the development of AI, to give public relief and provide greater opportunities
What are the risks associated with that and what are the risks if we don’t address it?
The risks are that if the association is not created, the perception will remain that it is possible to create an AI outside of any ruleset. The association provides mental safety to those worried about it.
Who do you think our target audience is?
Large companies for future business expansion, the general population for public perception change.
Who are our natural or unnatural partners in creating this change?
Large companies in mature industries (specifically as they can get cost savings where they previously could not have) are your natural partners
Unnatural partners are any that will get little to no use, like education or film 29 The world is ready for this, they just need to know it<br>
slide30. Print [“Hello World!”] Adam Schwarz 30<br>
slide31. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 31 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide32. Executive Summary 32<br>
January 2020
Montreal, Quebec, Canada
Haskayne Consulting: Adam Schwarz, Mahwash Waqar, Gibson Yin, Graham Toombs ELEMENTAI<br>
slide2. How to overcomer the negative public perception of fear to reduce sales cycle time and capture greater market share to become a world leader? For too long the narrative of the industry has been defined by others. 2 Artificial Intelligence World Domination is a baseless fear that has haunted your industry and company<br>
slide3. Executive Summary 3<br>
slide4. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 4 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide5. ElementAI as it is today 5 Incredible innovation, but you’ve hit a ceiling with market size due to public acceptance<br>
slide6. “We help enterprises operationalize artificial intelligence so that people and machines collaborate better” - Mr. JF Gagné 6 ElementAI goal is to become the world champion of Artificial Intelligence<br>
slide7. Defining The AI of Tomorrow 7 Organizing the industry and defining it in your terms will create the market to become a world leader in AI<br>
slide8. Ethical Standards Framework 8 A standard framework that all will abide by to increase positive legitimacy among general population Protect privacy at all costs
Machines should benefit people
People should always have control over AI program
AI will not be used to suppress or harm people
AI should be focused on increasing prosperity for society<br>
slide9. Double Click to Start Mahwash Waqar 9 ELEMENTAI<br>
slide10. AI In The New Technology Spectrum 10 How to achieve the full potential of AI?<br>
slide11. Element AI Montreal-based startup
Phenomenal success for a 3-year-old startup
Market has responded positively to the AI possibilities
Mission
Working smarter, together
Operationalize AI so that people and machines collaborate better
Solving operational problems and efficiency, going after new market opportunities with the help of AI interventions 11 Attaining critical mass for success<br>
slide12. Element AI: Critical Look 12 Humanizing and commercializing AI through education, industry consolidation and steady revenue streams<br>
slide13. Alternatives 13 A proactive approach<br>
slide14. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 14 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide15. Recommendation 15 4-tier solution that dispels negative perception, introduces industry governance standards and focuses on large industrial clients as well as reduces long sales times<br>
slide16. Ones and Zeroes “10011011001….” Gibson Yin 16<br>
slide17. Element AI Financial Status 250 million fund raised
5 offices around the globe
Partners across multiple industries
Assume company is cash flow positive
Challenges
How to grow revenue and market share? 17<br>
slide18. How Much For Your AI? Investment In Aurora and creating information content - $ 5 million/yr
AI Industry Associate Cost - $100k/yr
Develop AI Ethical Code - $ 50k – once time
Government Lobby - $ 1 million/yr
Innovation To Better Work With Long-Term Partners - $ 5 million/yr
Develop Free Trial Version - $100k – one time
Innovation in Industrial Sector AI Application - $10 million/yr 18 $21.1 million/yr in recurring cost and $150k one time<br>
slide19. Expected Result Grow revenue by 25% Year-over-Year
Achieve 50% operating margin by 2022
Achieve 30% market share of AI business in the industrial sector
Sustainable and established business model, provides option for exit for founder or continue growing business 19 Growth in revenue, margin and market share<br>
slide20. Avoid...Grow Through Acquisition Does Not Solve Perception Problem
Monopoly will likely deter people from adopting AI 20 Does not help Element AI’s current position STOP<br>
slide21. Avoid...Lobbying Alone Does not have the influence right now
Industry standard makes everyone follow the same rule
Makes the industry as a whole more accepted by all 21 Little traction from changing an ingrained perception individually STOP<br>
slide22. Run Code Graham Toombs 22 ELEMENTAI<br>
slide23. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 23 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide24. Industry Association Short Term (0-6 Month):
Plan and host an industry conference with current AI industry companies
Purpose is education, and also marketing to the companies
Marketing has conversations with industry leaders
Operations begins the development of the plan for consolidation
Medium Term (6-12 Months):
Marketing to reach out and bring all interested parties back into the room together
Vote on the potential membership
After 1 year, form the association
Long Term (1-2 Years):
Begin lobbying the government with the association and bring the regulations and standards into the industry
Give complete transparency to consumers the entire way 24 Consumers are scared, and don’t need to be<br>
slide25. Positive Public Perception Short Term (0-6 Month):
R&D to begin building “Aurora” AI program
Marketing to begin building an educational Youtube channel
Hire additional social media personnel
Marketing to build Internet ads based around “Aurora”
A person in the short term, a program in the long term (that uses human likeness)
Medium Term (6-12 Months):
First Aurora ads to be aired on Youtube and internet video ads
Making AI friendly
Social Media team to build an Instagram and Twitter
Youtube Channel to launch, person “Aurora” to lead series
Long Term (1-2 Years):
Person substituted with AI program when ready
Marketing continues outreach efforts 25 The public needs reassurance<br>
slide26. Enter the Industrial Manufacturing industry Short Term (0-6 Month):
Pivot the R&D department to focusing on industrial applications
Marketing to reach out to current partners
Find more work
Inform of pending competencies
Medium Term (6-12 Months):
Marketing reaches out to the industrial area, informing of specialization
R&D continues to specialize
Current partners are interested parties to still be taken care of by consultants
Long Term (1-2 Years):
Heavily inform Industrial companies of potential cost saving avenues given by AI applications
Use R&D 26 Industrial applications are exploding, and you need to get in on the ground floor<br>
slide27. 27 2020 2022 Find partners for the association Begin “Aurora” MKTG finds specialized industrial partners Real “Aurora”
Lobbying for regulation R&D Continues<br>
slide28. Risks and Mitigation 28 You can overcome these with mitigation<br>
slide29. You Asked, We Answered How do we as a company and an industry promote the opportunities created by AI yet address the perceived downsides?
As a company, with positive marketing and outreach. As an industry, create the association to build rules around the development of AI, to give public relief and provide greater opportunities
What are the risks associated with that and what are the risks if we don’t address it?
The risks are that if the association is not created, the perception will remain that it is possible to create an AI outside of any ruleset. The association provides mental safety to those worried about it.
Who do you think our target audience is?
Large companies for future business expansion, the general population for public perception change.
Who are our natural or unnatural partners in creating this change?
Large companies in mature industries (specifically as they can get cost savings where they previously could not have) are your natural partners
Unnatural partners are any that will get little to no use, like education or film 29 The world is ready for this, they just need to know it<br>
slide30. Print [“Hello World!”] Adam Schwarz 30<br>
slide31. ElementAI needs to redefine the narrative in the public domain around the Artificial Intelligence industry and focus its business strategy to dominate specific applications 31 Take back the power of the message and tell the world the pleasant and positive reality of AI The Best Way Forward for AI<br>
slide32. Executive Summary 32<br>