“Edison’s accessible and high-quality research gives us the opportunity to communicate an independent perspective of Tyman to a wide variety of potential stakeholders.”
Provaris Energy featured in the Australian Financial Review
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Healthcare
19.01.23
The Next Step for AI in Biology Is to Predict How Proteins Behave in the Body
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TMT
19.01.23
Economics of the OpenAI deal
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Healthcare
19.01.23
The Cost of Sequencing a Human Genome
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Financials
19.01.23
FTSE 100 on course to outstrip FTSE 250 by record margin
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TMT
19.01.23
Exclusive: ChatGPT owner OpenAI projects $1 billion in revenue by 2024
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Consumer
19.01.23
The World's Biggest Cultured Meat Factory Is Under Construction in the US
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Metals & Mining
17.11.22
Copper's critical role in achieving net zero
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TMT
14.11.22
India’s high-stakes bid to join the global semiconductor race
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Provaris Energy featured in the Australian Financial Review
'There is also one other Australian company – one that rarely makes the news – plotting a different way to get green hydrogen exports happening. Provaris, known as Global Energy Ventures until last May, steers clear of the mainstream options of ammonia (NH3) and liquefaction (LH2), which often involves keeping the hydrogen at punishingly low temperatures, in favour of shipping it as a compressed gas (CH2).'
Edison Commentary
‘No surprise to see our client Provaris Energy getting excellent traction in the press. An interesting article that highlights the debates around the green hydrogen export space.’
Andy Murphy, Director Industrials
Flow of profit distribution through the investments repayment phases
Edison Commentary
Never before has the transformative potential of a new technology become so apparent to so many, so quickly. The explosion of OpenAI’s ChatGPT and DALL-E into the public’s consciousness has launched hundreds of thousands of AI scoping projects, challenged strategies and career choices. Is it also forcing the hand of big tech companies to accelerate AI investment and bring services to market.
Microsoft’s purported $10b investment (which would follow on from an initial $1bn investment in 2019) into the business is unconfirmed, but reports look well substantiated, including the innovate deal structure, detailed in a Fortune article: (1) Pete on Twitter: "From @FortuneMagazine / @jeremyakahn https://t.co/dWdFaCxiVZ" / Twitter.
The proposed deal (and relationship which preceded it) has been hailed as a masterstroke in some quarters. Microsoft’s stake will certainly give it direct influence over product development. The opportunities for Microsoft to leverage OpenAI are also many fold…the company has just announced general availability of the Azure OpenAI service, giving enterprise clients access to OpenAI’s models. It has also been reported that Microsoft is considering integrating OpenAI’s chatbot into Word and Outlook in the 365 suite. The explosive growth in usage of ChatGPT has also raised speculation that it will be integrated into Bing, to challenge Google’s dominance in search.
However, reports that Microsoft has trumped the competition are premature. Microsoft does, ostensibly have a greater range of products which can be transformed than its peers, but OpenAI is unlikely to be the best fit for all of them. While the platform’s inevitable inaccuracies / mistakes can be amusing when in a freeware, open access platform, the consequences in a professional environment will be more serious. The technology also needs to be deployed responsibly… a topic which Google touched on in a recent blog - Why we focus on AI (and to what end) (blog.google), in a tacit response to the ChatGPT hype. Equally, there are unconfirmed reports that Google is preparing to offer open access to its Sparrow platform as a chatbot and Imagen text to image platforms as rivals to ChatGPT’s chatbot and DALL-E. Is there a stand-alone business case for doing so? Probably not, but Google may decide it cannot cede more mind-share to Microsoft in the IA PR race. It will be interesting to see how the other big AI investors such as Meta and Amazon respond also.
The sudden elevation of AI in the consciousness of customers, investors and the wider public inevitably brings with it hype and unrealistic expectations. Equally, the far-reaching implications of this technology needed to be more widely understood. The AI genie is well and truly out of the bottle.
Estimated cost of sequencing the human genome over time since the Human Genome Project.
Edison Commentary
Whilst Moderna';s successful trials of an mRNA cancer vaccine makes headlines, one of the underlying enabling trends is another much-vaunted trend - the plummeting cost of genome sequencing. Dig deeper and you'll find that research in economics (the study of molecules which affect the structure and function of bodies) is generally on the rise as well.
FTSE 100 on course to outstrip FTSE 250 by record margin
UK mid-cap index to underperform blue-chip stocks by largest annual amount since 1986
Edison Commentary
The equity markets are in transition from the previously benign environment. Many investors believe we are moving to 5-10 years of higher inflation, interest rates and volatility - and that investment strategies will shift accordingly.
The relative performance of these indices is doing nothing to prove that view misguided.
Exclusive: ChatGPT owner OpenAI projects $1 billion in revenue by 2024
The forecast represents how some are betting the AI tech will go far beyond splashy and sometimes flawed public demos.
Edison Commentary
There is little doubt that generative AI has emerged more strongly in the last year than most commentators, including Edison, expected. And now its on the cusp of becoming a very large sector. We will continue to watch closely.
The World’s Biggest Cultured Meat Factory Is Under Construction in the US
With a production capacity of 10,000 metric tons, Believer says the facility will be the biggest of its type in the world.
Edison Commentary
Cultured meat might seem, like driverless cars and nuclear fusion, a much-expected yet difficult-to-deliver technology. However, there are signs its moving out of the lab and into scaled production. This Singularity Hub piece on Believer Meats outlines the case to - how shall we put this? Believe.
The road to zero carbon will see an extraordinary build-out of low-carbon electric vehicles (EVs) and renewable power-generating capacity. And as the world reduces its dependence on hydrocarbons, metals will be a linchpin of a zero-carbon economy.
Edison Commentary
Famous metals’ consultant, Wood Mackenzie, has produced a well-researched piece on likely/possible/probable copper demand within the context of a decarbonising world economy and what it might mean for prices. The whole topic of global warming and decarbonisation is an enormous one – perhaps too large for any one organisation to be able to contemplate in all of its complexity, from the geo-political to the social to the economic to the locally political. It is also notoriously difficult to forecast. If you want an idea of how difficult, go back to 2019 and look at lithium price forecasts for the following few years. However, Wood Mac takes a piece of the subject that is within its area of expertise (ie copper mining and supply and demand) and, within that context, makes a good stab at what could be…
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