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May 22, 2008

Towards Commercialization

It's been a while. We've been busy. A good kind of busy.  

At the end of March we completed an important milestone: a demo system consolidating our prior 10 months' work. This was followed by my annual pilgrimage to our investors in Australia. The upshot of all this is that we now have some additional seed funding to launch our commercialization phase late this year.  

On the technical side we still have a lot of hard work ahead of us. Fortunately we have a very strong and highly motivated team, so that over the next 6 months we expect to make as much additional progress as we have over the past 12. Our next technical milestone is around early October by which time we'll want our 'proto AGI' to be pretty much ready to start earning a living.  

By the end of 2008 we should be ready to actively pursue commercialization in addition to our ongoing R&D efforts. At that time we'll be looking for a high-powered CEO to head up our business division which we expect to grow to many hundreds of employees over a few years.  

Early in 2009 we plan to raise capital for this commercial venture, and if things go according to plan we'll have a team of around 50 by the middle of the year.  

Well, exciting future plans, but now back to work.  

Peter

Towards Increased Intelligence!