Nearly all the biggest names in media and technology\u00a0descended on Sun Valley this week. Also in the mix: spider silk, quantum physics and trucking networks.<\/p>\n
Each year, the exclusive conference in Idaho, famous for its deal-making\u00a0and tycoon crowd, spotlights a handful of young companies.<\/p>\n
The three\u00a0startups\u00a0set to present\u00a0this Saturday are tackling\u00a0problems far afield from the work of the television and film moguls strolling the resort: Bolt Threads Inc. makes\u00a0bio-engineered fabrics; Rigetti\u00a0Computing\u00a0is building a quantum computer; and Convoy Inc.\u00a0makes\u00a0trucking software. The firms confirmed their participation but declined to comment further.<\/p>\n
The sessions at the conference, hosted by investment bank Allen & Co., are off the record. Yet the chosen startups fit what was described by attendees as a\u00a0consistent theme at the conference: artificial intelligence and its possibilities.<\/p>\n
All three also demonstrate\u00a0the tech industry’s attempt to use\u00a0cutting-edge research\u00a0in\u00a0other industries — and the sector’s growing influence at the yearly confab.<\/p>\n
AI, a fixation for the tech giants that\u00a0use it in image-recognition and voice-based gadgets, is overflowing into other fields, like cloud-computing, finance and health. It’s also drawing interest from the media and advertising executives that make the annual Sun Valley trek.\u00a0Entering the conference early Thursday morning, Reid Hoffman —\u00a0LinkedIn founder and Silicon Valley\u00a0statesman —\u00a0chatted\u00a0with Martin Sorrell, chief of ad giant WPP Plc, about bots.<\/p>\n
Tim Armstrong, head of Oath, the new media arm of Verizon Communications Inc., mentioned his firm’s work on machine learning, a branch of AI in which rivals Google and Facebook Inc. have invested deeply. “I’m really bullish on the machine learning side of where we’re heading and where the industry is heading,” Armstrong said.<\/p>\n
In prior years, the startup showcase, called the “New Breed” session, has highlighted firms that heralded big new areas of growth in media and technology. Online video\u00a0service YouTube made its debut there in 2006, a few months before Google bought it. Five years ago, Travis Kalanick wowed Sun Valley with his ride-hailing app called Uber.<\/p>\n
One 2017 newcomer, Convoy, which is based in Seattle, has been called an “Uber for trucking.” The company matches logistics companies with drivers through an app, like Uber, but is also working on automating much of the back-end paperwork\u00a0and logistics in the multi-billion dollar industry. Hoffman is on the board. Convoy signed a deal with Unilever NV last year. It got a new competitor, too, when Uber started a freight service.<\/p>\n
Rigetti\u00a0also competes with larger companies. The startup is on an ambitious quest to create quantum machines\u00a0that can out-muscle existing supercomputers, a still unproven technology that could revolutionize energy markets, medicine and finance. IBM, Google, Microsoft Corp and Intel Corp. have invested in quantum computing research as well.<\/p>\n
Bolt Threads has a very different mission. The San Francisco-based company creates textiles\u00a0from synthetic spider silk, a process it says is more environmentally friendly. That’s a big departure from the media businesses analyzed during closed-door meetings at the conference.<\/p>\n
But the startup’s first product, a $314 tie, suits the Sun Valley audience, some of whom donned sneakers that cost as much or more. And fashion has long had a seat at the event. Famed designer Diane von Furstenberg, a regular, once modeled Google Glass at the event. Fashion, of course, moves fast.\u00a0“Google Glass is dead,” she replied to a reporter’s question at this year’s event.<\/p>\n
The biggest names in media and technology\u00a0descended on Sun Valley this week.<\/p>\n","protected":false},"author":341034,"featured_media":124036,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[44580],"class_list":["post-219840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-sun-valley"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/219840"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=219840"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/219840\/revisions"}],"predecessor-version":[{"id":219842,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/219840\/revisions\/219842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/124036"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=219840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=219840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=219840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}