Exploring the Impact of Technology on Agricultural Decision-Making

In the first of our “unpacked” episodes, Intrepid partner Ajay Agrawal leads our senior advisors Rich Sutton, Sendhil Mullainathan and Niamh Gavin in a conversation that further explores the themes that arose in episode one. That episode featured a conversation with Rae Jeong, CEO of Maneva, which is using AI and reinforcement learning (RL) techniques to move factories toward autonomous operations. 

In this episode, the team discusses the importance of making factories more "RLable" to enable incremental changes and ultimately achieve radical improvements. We explore the importance of continuous training data, the role of humans in active learning, and the balance between exploration and exploitation. The conversation highlights the challenges of implementing RL in manufacturing, such as the need for selective instrumentation and the potential for synthetic data. 

EP 03 HOSTS

Ajay Agrawal, co-founder and partner, Intrepid Growth Partners 

Richard Sutton, pioneer of reinforcement learning and professor, University of Alberta

Sendhil Mullainathan, MacArthur Genius grant recipient and professor, MIT

Niamh Gavin, Applied AI scientist, CEO, Emergent Platforms

LINKS    

Derby Mill show website: https://insights.intrepidgp.com/podcast

The first episode featuring Maneva CEO Rae Jeong

Maneva AI website

Maneva CEO Rae Jeong LinkedIn

A short video about Maneva’s work transforming Laura Secord chocolate production

Rich Sutton’s home page. Follow Rich on X

Sendhil Mullainathan’s website. Follow Sendhil on X

DISCUSSION POINTS 

00:00 Introductions and opening credits 

01:39 Clip: Rae Jeong discusses Maneva's approach to autonomous factories

02:01 Rich Sutton comments on the challenge of active learning in operating factories

04:54 Niamh Gavin on the use of simulated environments for experimentation

06:29 Rich Sutton: “It’s hard to compete with a human” for experimentation

08:05 Can simulation actually recreate a factory in all its complexity?

09:42 Sendhil Mullainathan is confused where Maneva actually uses RL

10:41 Balancing exploration and exploitation

14:52 Discussion of temporal credit assignment in manufacturing 

15:54 Clip: Sendhil asks how Maneva uses labels and exploration

17:42 Clip: AI needs to conduct exploration to achieve continuous improvement 

16:34 Exploring the future of manufacturing with reinforcement learning

19:29 The challenge of making factories more “RL-able”

23:01 Why prediction tends to come before control 

28:55 Discussion of selective instrumentation and the role of humans

32:09 Sendhil asks, do you know why EKG leads are placed where they are?

34:28 Clip: Temporal credit assignment and taking RL to the limit in factories

38:28 Sendhil emphasizes the need for a CEO-level sale for RL in manufacturing

44:00 Challenges of fully instrumenting a factory

49:00 Algorithms identifying valuable measurements

52:42 Conclusion and final thoughts

DISCLAIMER

The content of this podcast is for informational and educational purposes only and should not be construed as marketing, solicitation, or an offer to buy or sell any securities or investments. The opinions expressed in this video are those of the participants and do not necessarily reflect the views of Intrepid Growth Partners or its affiliates. Any discussion of specific companies, technologies, or industries is for illustrative purposes and does not constitute investment advice. Viewers are encouraged to consult with their own financial, legal, and tax advisors before making any investment decisions.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit insights.intrepidgp.com