The Importance of Prediction Machines

Mike Dolbec is Executive Managing Director of GE Ventures, and in this episode of the podcast we cover his background, beginning with his work at the legendary Xerox PARC, the origins of his venture investing career and observations on recurring patterns in the technology industry. With a perspective on AI that dates back to the 1980s, he provides perspectives on the evolution of in the market, and the different applications of AI technologies. He also provides an overview of the distinctions between traditional IT and Industrial IoT technologies, providing insights around the differences that entrepreneurs and investors need to take into account when selling tech to industrial customers. Lastly, he discusses some of the areas of investment including edge computing, with companies including Iotium, Foghorn and Balena (formerly Resin.io), as well as industrial inspection startups such as Avitas and oil and gas-focused startups like Maana.