Finance and Technology

Loading

Category Tech and Innovation

AI and Innovation: Google CEO Sundar Pichai Praises PM Modi’s Vision for India’s Tech Future

Sundar Pichai, CEO of Google, was among several prominent tech leaders who met with Prime Minister Narendra Modi during a roundtable in New York, where the Indian leader emphasized the importance of ensuring that Artificial Intelligence (AI) benefits the Indian population. Pichai, reflecting on the discussions, highlighted that Prime Minister Modi is focused on leveraging AI to transform key sectors such as healthcare, education, and agriculture. He remarked that the Prime Minister continues to push global tech companies to invest more in India’s technological future.

Pichai noted that Modi’s Digital India vision has been a driving force behind Google’s increased commitment to India, including the local manufacturing of Pixel phones. Modi, he said, is not only focused on AI but also on strengthening India’s infrastructure, from data centers to energy and power systems, to support the nation’s digital transformation. Pichai underscored Google’s ongoing investments in AI in India, mentioning existing collaborations with India’s Ministry of Electronics and Information Technology (MeitY), as well as partnerships with various state and central government bodies in the areas of agriculture and health.

The Google CEO shared that Modi has consistently challenged the tech industry to think bigger and do more for India, particularly when it comes to AI. Modi, according to Pichai, has a clear vision for AI’s potential in India and wants to ensure that the technology ultimately serves the broader population.

Pichai was one of several tech CEOs in attendance at the roundtable, which was hosted by the Massachusetts Institute of Technology (MIT) School of Engineering. Other participants included Nvidia CEO Jensen Huang, Adobe’s Shantanu Narayen, AMD’s Lisa Su, HP’s Enrique Lores, IBM’s Arvind Krishna, and Accenture’s Julie Sweet. Jensen Huang praised Prime Minister Modi as an “incredible student” of technology, noting Modi’s eagerness to learn more about AI and expressing his enthusiasm for Nvidia’s growing collaborations with Indian companies, start-ups, and institutes like the Indian Institutes of Technology (IITs).

Following the event, Prime Minister Modi shared on social media that the roundtable had been highly productive, covering topics related to technology, innovation, and India’s strides in these fields. He highlighted the optimism surrounding India’s tech landscape and emphasized the progress the country has made in AI, quantum computing, biotechnology, and semiconductors.

According to the Ministry of External Affairs, discussions during the roundtable focused on emerging technologies, including AI, quantum computing, biotechnology, and semiconductor manufacturing. Modi underscored India’s ongoing economic transformation, particularly in electronics and IT manufacturing, semiconductors, and biotech, and reiterated his government’s commitment to positioning India as a global hub for semiconductor production. He also mentioned India’s BIO E3 policy, aimed at developing the country into a biotechnology powerhouse.

The tech CEOs in attendance expressed strong interest in further investment and collaboration with India, acknowledging the nation’s growing prominence as a global technology hub fueled by innovation-friendly policies and significant market opportunities.

 

Have you read?
Best countries for hiring freelancers.
Highest Paid Big Pharma CEOs And Top Executives.
Best Websites For CEOs, business leaders, and high-net-worth individuals.
Best Executive Search Firms And Consultants in America.
Revealed: Most Powerful Women In The World.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationAI and Innovation: Google CEO Sundar Pichai Praises PM Modi’s Vision for India’s Tech Future


Nvidia’s AI Revolution Sparks Unstoppable Demand, Jensen Huang Says

Nvidia’s artificial intelligence (AI) chips are seeing unprecedented demand, according to CEO Jensen Huang, who characterized the surge as overwhelming during a recent televised appearance.

Huang’s remarks came during an interview, where he discussed Nvidia’s extended collaboration with IT consulting giant Accenture. The two companies announced a joint effort to enable businesses to harness AI technologies more effectively.

Nvidia’s stock, which finished Wednesday up by 1.6%, has experienced a meteoric rise, more than doubling in value this year, as enterprises scramble to secure its cutting-edge AI hardware to enhance their infrastructures. Accenture, whose shares rose 1.2% the same day, has posted a 1.5% gain so far in 2024.

The new agreement will see Accenture establish a specialized business unit, equipping consultants with the expertise to develop AI solutions tailored to clients’ needs using Nvidia’s technology and Meta’s open-source Llama AI models.

Huang emphasized the partnership’s vast potential, suggesting it would position the companies to address global AI demand, which he described as the dawn of a new era for enterprise AI.

Industry analyst Dan Ives of Wedbush drew parallels between Nvidia’s growing network of strategic partners and the ecosystems built by tech powerhouses like Microsoft and Oracle, predicting it could solidify Nvidia’s dominance in the sector.

 

Have you read?
Best CEOs.
Best Companies.
Richest People (Billionaire).
Richest Women (Billionaire).
Richest in Each Country (Billionaire).


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationNvidia’s AI Revolution Sparks Unstoppable Demand, Jensen Huang Says


Criipto CEO Highlights the Real Threats in Digital Identity and Security at Authenticate 2024: Phishing Over Data Center Security

Niels Flensted-Jensen, CEO of Copenhagen-based Criipto, recently acquired by BankAxept AS, parent company of Norwegian BankID, offered a broad perspective on digital security during his talk at Authenticate 2024. Drawing on his experiences, he discussed the critical differences between securing data centers and ensuring the safety of a wider population, referencing topics such as Romanian cybercrime, personal phishing incidents, sports betting, and even the limitations of security in transportation.

Flensted-Jensen’s primary argument centered on the growing threat of phishing, pointing out that too much focus has been placed on backend cybersecurity while neglecting phishing, which remains a major issue. He remarked that regulators and frequent attacks have diverted attention from the more pressing threat of phishing, adding that hackers are no longer breaking into data centers but instead deceiving users to steal their money.

As part of his talk, he described a Norwegian phishing (or “smishing”) case involving Romanian criminal groups who sent fraudulent SMS messages posing as Norway’s department of motor vehicles, tricking victims into revealing their digital identities. He followed this with a personal story of how his wife, an art historian, was also deceived by a phishing scam disguised as a Norwegian bank.

Flensted-Jensen highlighted the widespread use of digital IDs in Scandinavian countries, pointing out that while the standardization of digital identity, as seen in Denmark, is often ideal, it also leaves verification systems vulnerable to fraud. He argued that digital identities, which are designed to work uniformly across platforms, make them particularly susceptible to phishing attacks. He proposed FIDO passkeys as a potential solution to this problem.

As he delved deeper into security issues, Flensted-Jensen contrasted the benefits of providing good security for many versus great security for only a few, typically those who can afford it. He criticized the tendency of legislators to favor higher levels of security without considering the broader impact, likening this to a scenario where transportation security measures would result in cars made of cast iron traveling at very slow speeds.

He also discussed the evolving landscape of biometrics, mobile identity, and client-side cryptography, noting that many tasks that once required data centers can now be handled by personal devices. He referred to decentralized identity wallets, which can store verifiable credentials from trusted sources and be presented to relying parties. However, he noted that regulatory challenges remain, such as issues with cloud-synced passkeys and attestation.

Flensted-Jensen pointed out that usability is the key to adoption for web wallets. However, beyond usability, economic incentives are essential, particularly in industries where high-frequency use justifies the cost. He provided the example of online sports betting, where repeated logins are common due to the addictive nature of the activity. He noted that users in such environments sign in frequently, sometimes multiple times a day, to check game results, which makes authentication systems highly relevant.

In summarizing his arguments, Flensted-Jensen emphasized the need for regulators to address phishing more aggressively, to prioritize building solutions for the masses, and to focus on user experience. He also expressed a preference for staying within browsers and avoiding the restrictive environments of app stores.

The acquisition of Criipto by BankAxept in September 2024 was driven by interest in Criipto’s developer-friendly integration platform, according to Øyvind Westby Brekke, CEO of BankID BankAxept.

 

Have you read?
Fastest tanks ever built by Russia.
Impact of Titles on Your Executive Career – Negotiating Job Titles and more!
3 Ways Technology Empowers the Hybrid Work Revolution.
5 Effective Strategies to Reduce Criticism and Captivate Your Essay Readers.
CerebrumIQ Reviews the Average IQ for Managers and Executives.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationCriipto CEO Highlights the Real Threats in Digital Identity and Security at Authenticate 2024: Phishing Over Data Center Security


Digital Agenda Cyprus Summit 2024: Exness CEO on Cyprus’ Tech Industry

At the Digital Agenda Cyprus Summit 2024, held on October 9 at the Nicosia Municipal Theatre, Exness CEO Petr Valov made a significant impact as he addressed key issues related to Europe’s tech landscape.

During his address, Valov emphasized the need to position Cyprus as a prominent player in the global technology arena. He advocated for regulatory moderation, stressing that easing certain constraints would enhance the European Union’s technological competitiveness on the global stage.

The event, themed “Digital Democracy: Digitisation – Innovation – Participation,” gathered influential figures from various industries, alongside policymakers and key stakeholders, to explore the future of digital transformation.

In a speech titled “Deregulation: How Strict EU Regulation Strangles Innovations and Makes EU Startups Less Competitive,” Valov argued that the current regulatory environment in Europe acts as a barrier to startup growth. He explained how the intricate web of over 100 laws and 270 regulations tech companies must navigate in the EU discourages innovation within the region. According to him, many entrepreneurs choose to establish their businesses outside Europe and only later introduce their products within the continent.

Valov went on to illustrate how such over-regulation suppresses innovation, making local startups less capable of competing on the global stage. He cited the complexities of AI regulations and the burdensome framework of GDPR as prime examples. While acknowledging the importance of legal protections, Valov emphasized that small businesses, in particular, struggle with the resources needed to comply with such stringent rules. He advocated for a more balanced regulatory approach, one that encourages entrepreneurship and innovation without stifling growth.

Exness’ involvement in the summit further underscores its commitment to fostering Cyprus’ burgeoning tech ecosystem. As a major player in the global financial technology landscape, Exness continues to contribute to the island’s rise as a hub for fintech innovation.

 

Have you read?
World’s Best Countries For Retirement.
World’s Best Countries For Women.
World’s Best Countries To Visit In Your Lifetime.
US States With the Largest Gender Pay Gaps.
CEOs who have secured the most funding during their tenure in companies in each US state.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestCEO OpinionsDigital Agenda Cyprus Summit 2024: Exness CEO on Cyprus’ Tech Industry


CTO Mira Murati, Among Other Executives, Leaves Openai While Sam Altman Prepares for a 7% Equity Stake

Mira Murati, OpenAI’s Chief Technology Officer, has announced her decision to step down from the company. In a post shared on X, she explained her departure, stating that she wanted to make space for personal exploration while focusing on ensuring a smooth leadership transition.

Murati’s exit comes alongside two other high-profile departures—Bob McGrew, the Chief Research Officer, and Barret Zoph, Vice President of Post-Training. OpenAI’s CEO, Sam Altman, clarified that these decisions were made independently and amicably, as he addressed employees in a memo shared on X. He acknowledged the timing of Murati’s decision but expressed understanding, stating that it made sense for the company to handle all the transitions simultaneously.

Murati’s decision to leave follows nearly a year after a boardroom dispute temporarily removed Altman from his position, during which Murati briefly stepped in as the company’s interim leader. During her six-year tenure, she was instrumental in the launch of some of OpenAI’s most innovative products, including ChatGPT and the text-to-image generator. Altman, in his message to employees, praised her contributions to the company’s rapid evolution.

Altman acknowledged the intensity of leadership roles at OpenAI, describing them as both a privilege and a relentless challenge, given the company’s accelerated growth and mission to advance artificial general intelligence (AGI). He also confirmed that Mark, the newly appointed Senior Vice President of Research, will assume leadership of the research organization, while Josh Achiam will take on the role of Head of Mission Alignment to ensure the company stays true to its core objectives.

Murati’s departure comes at a pivotal time for OpenAI, just ahead of its annual Dev Day conference. The company is riding high after securing billions in new funding and restructuring itself as a for-profit entity, a move that also gives Altman a 7% equity stake.

In her farewell memo to staff, Murati expressed deep gratitude for her time at OpenAI, crediting the team for pushing the boundaries of artificial intelligence research. She highlighted recent innovations in AI, particularly the release of speech-to-speech models and OpenAI’s o1 model, which represent significant advancements in AI’s ability to reason and interact with the world.

Altman’s memo echoed these sentiments, recognizing the contributions of all three departing leaders and outlining a clear path forward for the company. He reassured staff that the company’s leadership succession plan, while accelerated, is well-prepared, with key figures already in place to guide OpenAI into its next phase.

A gathering for staff was scheduled for later that evening to celebrate the contributions of Murati, McGrew, and Zoph, with a company-wide all-hands meeting to follow the next day for further discussions.

 

Have you read?
Best countries for hiring freelancers.
Highest Paid Big Pharma CEOs And Top Executives.
Best Websites For CEOs, business leaders, and high-net-worth individuals.
Best Executive Search Firms And Consultants in America.
Revealed: Most Powerful Women In The World.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestExecutive InsiderCTO Mira Murati, Among Other Executives, Leaves Openai While Sam Altman Prepares for a 7% Equity Stake


Shearwater GeoServices Embarks on Major Seismic Project for TotalEnergies in Angola

Shearwater GeoServices has secured a contract from French energy giant TotalEnergies to conduct a seismic survey off the coast of Angola. The project, set to start in January 2025, will focus on deepwater operations using ocean-bottom nodes (OBN) and is expected to take two and a half months to complete.

The survey will be carried out by Shearwater’s SW Tasman, a vessel equipped with dual remotely operated vehicles (ROVs), which was retrofitted in 2023 for seismic node deployment. The SW Gallien, built in 2011, will serve as the source vessel. The operation will utilize Shearwater’s Pearl nodes, known for their compact design and long endurance, to collect seismic data.

This project will cover Block 32, specifically the Louro and Mostarda fields, where Shearwater previously completed a 4D streamer survey.

Irene Waage Basili, CEO of Shearwater, expressed the company’s satisfaction with the performance of the SW Tasman and the Pearl OBN platform, emphasizing their continuous use since they were introduced last year.

Headquartered in Bergen, Norway, Shearwater operates globally and employs around 1,200 people. Meanwhile, TotalEnergies, with over 100,000 employees and operations in 120 countries, remains committed to providing reliable, affordable, and sustainable energy.

 

Have you read?
What Business Leaders Can Learn from Top Sporting Event Athletes.
African countries with the highest number of internally displaced persons (IDPs)
Revealed: Countries With the Largest Forex Reserves.
Eric Spofford Is Turning People’s Lives Around as a Business Athlete.
Countries buying the most Black Hawk helicopters.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationShearwater GeoServices Embarks on Major Seismic Project for TotalEnergies in Angola


Lingo Acquires BullsEye Telecom

Lingo acquired BullsEye Telecom in August 2022, creating a leading provider of Unified Communications (UC), cloud technology, broadband connectivity and managed services for businesses. Lingo, with over two decades of experience, has a solid reputation for customer satisfaction as objectively measured by their Net Promoter Score (NPS) placing their customer satisfaction levels significantly above industry averages. This strategic move positions Lingo as a leader in the field, offering secure and cost-efficient solutions to businesses of all sizes.

Diverse Portfolio of Communications Services 

Lingo provides a range of services including cloud-driven business communication systems, Unified Communications (UC), SD-WAN, managed network and edge security, broadband and fiber connectivity, managed Wi-Fi, traditional analog phone services and analog line replacement solutions. These services are integrated and consolidated into a single invoice.

Nationwide Network 

Lingo’s LD Network backbone, combined with the Cloud/UC Network, demonstrates the company’s commitment to operational efficiency. This network backbone spans the U.S. and Canada, terminating traffic to 99% of U.S. and Canadian LATAs via ILEC Central Office Connections. With a current utilization rate of 50%, Lingo is well-equipped to handle new volumes with minimal capital expenditure, processing over 12 billion minutes of traffic annually.

Best-in-Class Network and Technology Partners 

Lingo collaborates with over 50 connectivity partners, incumbent and competitive local exchange carriers to provide nationwide broadband and fiber connectivity. These connectivity partners include Lumen, AT&T, Comcast, Verizon, Frontier, T-Mobile and Windstream. The nationwide network not only offers redundancy and reliability but also yields multiple connectivity options, optimizing costs for both Lingo and its diverse client base.

Lingo also teams with best-in-class technology providers for its cloud, network security and managed services. These technology partners include Broadsoft, Netsapiens, Sophos, VMware, Cisco, Yealink, Poly and Zscaler.

The acquisition of BullsEye Telecom by Lingo has strengthened their position as leading communication and cloud technology provider. With a diverse product portfolio, exceptional customer satisfaction and a commitment to best-in-class enterprise grade technology, Lingo continues to lead the industry, providing comprehensive solutions to organizations of all sizes.


Have you read?
Javid Javdani: Crafting Community and Cultural Connections through Food.
How Nathan Heddleston Uses Sports Strategies in Business.
Rolls-Royce Opens Exclusive ‘Private Office’ in New York for Bespoke Luxury Car Orders.
New World Development Shares Soar by 23% After Adrian Cheng Steps Down as CEO.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationLingo Acquires BullsEye Telecom


Iran’s Nanotechnology Sector Sees Significant Growth with Tripling Exports

Iran’s nanotechnology sector has witnessed remarkable growth, with nanoproduct exports tripling over the past three years, as reported by ParsToday, a partner of TV BRICS. The country now exports its nano products to 50 nations, with total export revenues surpassing $69 million, according to the Secretary of the Special Headquarters for Nano Development.

Iran is recognized as one of the leading countries globally in terms of both nanotechnology publications and product development.

Russia is a significant market for Iranian nanoproducts, with purchases amounting to approximately $6 million. Other key export destinations include Turkey, Tajikistan, Uzbekistan, Turkmenistan, Azerbaijan, and Georgia.

GDP (nominal) Capital Head of State Head of Government GDP (nominal) per capita GDP (PPP) GDP (PPP) GDP (PPP) per capita
Iran Tehran Mohammad Mokhber 366.438 4.234 1.810.000 19.942

 

Have you read?
The Daunting CEO Agenda: What it Means for Communications.
How to Write Attractive Book Proposals? Jennifer Scott Pens Some Tips.
The Psychology Tool Leaders Can Use to Increase Productivity.
Generative AI Offers Major Benefits for Independent Workers.
7 things I didn’t know about flying business class.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationIran’s Nanotechnology Sector Sees Significant Growth with Tripling Exports


Nvidia CEO Jensen Huang: AI Is Key to Combating the Dark Side of AI

Nvidia CEO Jensen Huang believes the most effective way to tackle the harmful uses of artificial intelligence is through more advanced AI itself. Speaking at a Bipartisan Policy Center event in Washington, DC, on September 27, Huang explained that AI would be essential in detecting and countering the rapid generation of fake data and false information. He emphasized that since AI is capable of producing misleading content at unprecedented speeds, equally fast AI systems would be necessary to identify and neutralize such threats.

Huang drew a parallel between AI and cybersecurity, noting that in today’s world, nearly every company faces a constant threat of hacking or cyberattacks. He argued that just as stronger cybersecurity measures are needed to fend off these threats, AI will be crucial in staying ahead of malicious AI actors.

As the United States approaches federal elections, concerns over AI-driven misinformation have heightened. A Pew Research Center survey conducted in September found that nearly 60% of Americans—across both political parties—were highly concerned about AI being used to create false information about presidential candidates. Moreover, around two in five respondents believed that AI would be used “mostly for bad” during the election.

These concerns were further fueled by reports that Russia and Iran were using AI to influence the election, including altering videos of speeches by Vice President Kamala Harris, as disclosed by an official from the Office of the Director of National Intelligence.

During the event, Huang urged the US government to not only regulate AI but also become a key player in its development. He suggested that every government department, particularly the Departments of Energy and Defense, should actively use AI technologies. Huang also proposed the idea of building a national AI supercomputer to advance the country’s capabilities, stating that scientists would eagerly leverage such a resource to develop new AI algorithms for the nation’s benefit.

Huang also speculated on the future energy demands of AI, noting that as AI systems continue to process vast amounts of data, the energy requirements of data centers would likely increase significantly—potentially by 10 to 20 times the current levels. The International Energy Agency already estimates that data centers account for up to 1.5% of global electricity consumption.

However, Huang proposed a solution: building AI data centers near sources of excess energy that are difficult to transport. He explained that AI systems don’t require a fixed location for learning, so data centers could be set up in areas where surplus energy exists, making efficient use of otherwise wasted resources.

 

Have you read?
The Top 100 Highest-paid CEOs in America.
Countries With Lowest Rate of Economic Growth in 5 Years.
Countries Most in Debt to China.
Most Attractive Cities for Global Talent.
Largest economies in the world by Share of Global GDP.


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestCEO OpinionsNvidia CEO Jensen Huang: AI Is Key to Combating the Dark Side of AI


World Space Business Week: Satellite Industry Faces Transformation Amidst Competition from SpaceX’s Starlink

The satellite industry is undergoing a profound shift as major operators consolidate in response to the growing competition from SpaceX’s Starlink. During the operator panel at the World Space Business Week in Paris on September  16, Viasat CEO Mark Dankberg described the current landscape as a “quantum period of change,” unlike anything he has witnessed in his four decades in the industry. Viasat is at the forefront of this consolidation, having acquired Inmarsat last year.

Dankberg highlighted the progress in integrating Viasat and Inmarsat, emphasizing the significance of access to the L-band spectrum as a tool for the direct-to-device (D2D) market. He noted that demand in the commercial sector remains robust, with user demand growing by 20 to 30 percent annually. However, he pointed out that traditional supply chains are struggling to keep pace with the need for multi-orbit and multi-band capabilities.

On the defense front, Dankberg emphasized the increasing recognition by nation-states of the critical role space plays in border control and other national issues. He described space as a “shared but fragile domain,” with countries seeking both participation and control in this arena.

Intelsat CEO David Wajsgras acknowledged the intensifying competition among satellite operators but saw this as an opportunity to focus on customer needs. He noted a significant rise in demand for bandwidth across all verticals, especially in land mobility, government, and defense sectors. Wajsgras previewed a forthcoming multi-year deal between Intelsat and a telecommunications company, signaling a broader strategy to work across multiple sectors. He remains optimistic about the future of the industry, highlighting the importance of scale and multi-orbit solutions.

Telesat, which is advancing its Lightspeed Low-Earth Orbit (LEO) constellation, recently secured financing from the governments of Canada and Quebec. CEO Dan Goldberg informed the panel that Telesat is making significant strides in executing the next phase of Lightspeed, with manufacturer MDA Space ramping up its supply chain. Goldberg stressed that while building a high-quality network is essential, having the right distribution channels to serve customers is equally important. Telesat is targeting enterprise markets, including telecommunications companies, ISPs, and the maritime and government sectors.

Goldberg also discussed the evolving satellite ecosystem, noting that customers demand high throughput, security, and resilience at a lower cost but prefer to avoid relying on a single operator. He believes that customers want multiple options and emphasizes the need for competition in the market.

Eutelsat CEO Eva Berneke focused on the growing demand for sovereign capacity and the significance of the IRIS² program in Europe. She highlighted the importance of avoiding siloed technology stacks and fostering a robust ecosystem of suppliers, viewing IRIS² as a key driver for this change. Berneke also noted that advancements in satellite technology have led to more dynamic discussions with telecommunications companies.

EchoStar CEO Hamid Akhavan added that there is substantial potential for greater satellite penetration, likening the current trajectory of the satellite industry to that of the mobile industry during the rise of 5G. He emphasized the potential for open systems to interconnect, creating significant opportunities for the satellite sector.

 

Have you read?
World’s Best Countries To Invest In Or Do Business.
World’s Most Startup-Friendly Countries.
World’s Best Countries For Quality of Life.
Largest Economies Europe In 2024.
GDP of the BRICS countries (2000 to 2028).


Add CEOWORLD magazine to your Google News feed.


Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz


CEOWORLD magazineLatestTech and InnovationWorld Space Business Week: Satellite Industry Faces Transformation Amidst Competition from SpaceX’s Starlink