Month: January 2015

Scottish startup PureLiFi raises $2M to create wireless networks from light bulbs | VentureBeat | Business | by Paul Sawers

Scottish startup PureLiFi has announced a £1.5 million ($2.25 million) funding round — valuing the company at £14 million ($21 million) — as it looks to introduce Internet connectivity via light bulbs around the world.

Founded in 2012, PureLiFi — previously known as PureVLC — is a spin-out from the University of Edinburgh in Scotland’s capital, and is led by Professor Harald Haas. During a TED talk he gave back in 2011, Haas popularized the term “Li-Fi” to describe networked, bi-directional, wireless communication that uses visible light instead of traditional radio frequencies. You can watch that talk here:

How the Next Five Years Will Revolutionize Business

Any interview with Peter Diamandis is worthy of your time. This is no exception.

The best way to become a billionaire is to help a billion people. Identify a product or service that can impact a billion people, begin with a near-term revenue stream and grow it using scalable, exponential technologies, gamification, crowd and community—all the tools that enable you to take big swings at the problem without having to scale a huge number of people. If you’re passionate about solving a problem, you literally can be a guy or gal in a garage using the internet and exponential tools and technologies to take on any problem at scale. An individual has the potential to impact the lives of a billion people in a decade.

The Internet of Things Now Belongs to the Product Managers

So for me, CES demonstrated a very promising trend. The way that we talk about IoT is changing. We will probably still be barraged with talk about the Internet of Everything, and marketing around 50 billion connected devices (or is trillion?). But beyond that high level marketing, the real business of building ecosystems is beginning. It will not be one ‘industry’ but new products and features in many industries.

I think this was best on display at the Lowe’s booth. Lowe’s is giant hardware retailer, and I only stopped in their booth by accident, a friend of mine had just bought some locks for his home and saw a new model on display. Lowe’s was promoting its Iris ecosystem of connected devices. Beyond locks, this also included thermostats, sprinklers, windows, alarms and a whole range of other products you could expect to see on their shelves. I do not know much about Iris. It is a freemium service that sends sensor alerts for free and charges a monthly subscription of $10 if you want to apply more detailed rules to that (e.g. alerts when a window opens after 10pm). But they had a whole booth filled with partners. They are not relying on Nest or Apple or AT&T, but Schlage, Pella and other hardware suppliers. Traditional tech industry wisdom holds that eventually there will be one common platform that dominates. That is the economics of software. I think this may not happen in the home IoT segment. The market is just too big, with too many players. We could very well see multiple ecosystems thriving.

Why AMD is staying out of the Internet of Things chip market

AMD isn’t doing much in the Internet of Things (IoT), which is Intel’s major expansion area. But Byrne notes that the PC chip market is still a $40-billion-a-year opportunity. He said that AMD has to execute on its upcoming Carrizo family of accelerated processing units (APUs), which will be focused on the mobile-computing market. About 300 million PC processors and 90 million graphics chips are sold each year, and Byrne wants AMD to get its fair share of those sales.

“I’m not in the business to lose money,” Byrne said, in reference to whether AMD will go into the Internet of Things chip market.

But Byrne does believe that virtual reality is just the beginning of a whole new wave of demand for computing products in the future.

We caught up with Byrne this week at the 2015 International CES, the big tech trade show in Las Vegas. Here’s an edited transcript of our interview with Byrne.