Research on the massive increase in global Entrepreneurship
More people than ever want to become Entrepreneurs.
It is based on:
- Interest (record levels)
- Necessity (jobs are disappearing at light speed)
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IBMs solution for Artificial Intelligence, Watson, is expected to be used by staggering 1 Billion people in one way or another through different partnerships by 2018. Amazing speed! And still, this is only the beginning. http://www.wsj.com/articles/ibm-a-billion-people-to-use-watson-by-2018-1477496455  Startup funds are getting bigger. "Initialized Capital, an early-stage venture capital firm started by former Y Combinator partners Alexis Ohanian and Garry Tan, has raised $115 million for its third fund. The focus is on investing in companies that are just getting started by putting in between $500,000 and $1 million — just enough to help them get some traction." http://venturebeat.com/2016/10/24/initialized-capital-raises-115-million-for-its-third-fund/  A new report by University of Oxford and Citigroup says up to 85% of jobs are at risk as robotics and AI speed up. This is the highest number we have seen in any report. Regardless of number, it will happen fast. Entrepreneurship is the way to go. http://futurism.com/images/age-automation-welcome-next-great-revolution/  Students are Revolting against the system: 53% of US Business Schools reported fewer applications for MBA programs. This is natural in a paradigm shift. And in a few short years AI will do most of the work that Business Schools teach anyway. Entrepreneurship is the way to go. https://www.ft.com/content/36942668-8ca0-11e6-8cb7-e7ada1d123b1  IBMs AI can now edit a Magazine by itself. With this, designers, writers and more need to start looking for something new to do. In a few short years their current jobs will be outdated. The best path to pursue is Entrepreneurship. http://futurism.com/will-ibms-ai-watson-replace-human-editors/  40% of Canadians to be replaced by AI and automation? Thats what Brookfield Institute for Innovation + Entrepreneurship at Toronto's Ryerson University says. http://futurism.com/study-says-automation-may-replace-40-of-canadians-in-just-10-to-20-years/  Tesla has done it! Starting now, new hardware is installed in all new cars that will enable fully self-driving cars within 12 months. Tesla is still testing the software and will launch the new software in 2017. When that happens a drivers license is old school. http://venturebeat.com/2016/10/19/elon-musk-tesla-model-3-event-part-2/  The Age of the Entrepreneur is sweeping in at record speed. Recent statistics on Sweden's Gig Economy: "The Swedish data shows that 12% of the population (around 737,000 people) are already working in the “gig”, or platform-based economy, and 24% are trying to find work this way." http://www.uni-europa.org/2016/03/14/new-survey-provides-further-evidence-of-seismic-shift-in-europes-digital-economy/  Talk to your computer. With AI coming, soon we'll be talking WITH our computers. School wants children to sit in a room and memorise stuff. Why???? Just ask your phone. http://venturebeat.com/2016/10/18/microsoft-says-its-speech-recognition-is-now-on-par-with-humans/  Online marketplaces that connect buyer and seller are growing fast. They are important to the Paradigm Shift leading to the Age of the Entrepreneur. http://venturebeat.com/2016/10/11/everwise-16-million/  AI just took a step forwards as it begins to learn by itself. When it can truly learn, meaning when it can read through the internet, it will change the world in 24 hours. http://thenextweb.com/artificial-intelligence/2016/10/17/deepmind-ai-platform-can-now-learn-without-human-input/  The fast growing sector of Business crowd funding (equity crowd funding) allows more people to fund their business. It is providing fertile ground for the Age of the Entrepreneur. http://www.businessinsider.com/equity-crowdfunding-research-2016-10  New ways of earning money. Most likely, not a single University in the world has a class on "Building a YouTube channel". Celebrities with 3m-7m followers can charge, on average, $187,500 for a post on YouTube, $93,750 for a post on Facebook and $75,000 for a post on Instagram or Snapchat. http://www.economist.com/blogs/graphicdetail/2016/10/daily-chart-9?fsrc=scn/fb/te/bl/ed/celebritiesendorsementearningsonsocialmedia  Finland is getting attention for its work and ongoing experiment on Universal Basic Income. "There's been a lot of talk recently about basic income making its way to Finland. These talks are only possible because of a very clear strategy." http://futurism.com/why-finland-is-able-to-implement-a-basic-income-experiment/  This report says that 39% of current jobs in the legal field will be gone within 20 years, due to automation. The same is most likely true for a number of areas. Except where it comes to 100% like taxi drivers. http://futurism.com/new-report-predicts-over-100000-legal-jobs-would-be-lost-to-technological-automation/  Amazing jumps in technology! 1000 times faster internet.. We aint seen nothing yet. http://futurism.com/nokia-reaches-terabit-internet-speeds-its-1000-times-faster-than-googles-fiber/  Universal Basic Income is picking up speed fast. Its already being tested in a number of cities/countries/regions. http://futurism.com/obama-in-the-age-of-autonomy-universal-basic-income-will-enter-our-debates/  More an more people know that the old industrial model is dying. Or rather, it is dead its just that some people do not know it yet. In the US tens of thousands of people have sued the government for time and money spent on something that did not provide them with a job. In India its been reported that only about 7% of people with a university degree are getting jobs. Here is Richard Branson on universities and entrepreneurship. https://www.virgin.com/entrepreneur/richard-branson-why-aspiring-entrepreneurs-shouldnt-go-university  A medical assistant chatbot? Its here "Chinese search engine company Baidu is announcing today the release of Melody, a chatbot powered by artificial intelligence (A.I.) that lives inside the existing Baidu Doctor app for Android and iOS. This app collects medical information from people and then passes it to doctors in a form that makes it easier to use for diagnostic purposes or to otherwise respond to." http://venturebeat.com/2016/10/11/baidu-launches-medical-assistant-chatbot-to-help-doctors-collect-patient-information/  Only 7% get a job upon graduation? That was not the promise. And it was not the case 30 years ago. http://learnmore.economist.com/story/57c964e0419deb60093a981f  |