Highlights from Web Summit 2024
The Web Summit kicked off in Lisbon, showcasing innovation and technology. Here are the key moments from the first day:
Government's Ambitious AI Project
The Portuguese government plans to develop its own Large Language Model (LLM) by 2025, as announced by Prime Minister LuĂs Montenegro during the event. This AI model aims to assist citizens and students by providing personalized tutoring and easier access to public services.
Startups on Stage
Montenegro also highlighted the presence of Portuguese startups, emphasizing the country's growing tech ecosystem.
Pharrell Williams Inspires
Pharrell Williams, a keynote speaker, shared insights on the American Dream, stating itâs not solely about making money but enjoying what you do. His message resonated with many attendees, reinforcing the importance of passion over profit.
Concerns Over AI Power
Max Tegmark, president of the Future of Life Institute, raised concerns about the concentration of power in AI companies, stressing the need for accountability in AI development.
Innovative Solutions
Etosha Cave, co-founder of Twelve, showcased her startup's technology that transforms CO2 into aviation fuel, likening their process to natureâs way of converting carbon into oxygen.
Lisbon's Unicorns
Mayor Carlos Moedas announced that Lisbon is now home to 14 unicorns (startups valued over âŹ1 billion), a testament to the cityâs thriving innovation scene.
The Road Ahead
The Web Summit continues until Thursday, featuring numerous startups and discussions on technology's future. This year marks the highest participation ever, with a significant representation from Brazil and the U.S., and an impressive 44% of startups founded by women.
Stay tuned for more updates as the event unfolds!
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