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Speaker 1 (00:09):
You're listening to a podcast from News Talk zed B.
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Speaker 2 (00:16):
Right this week, expat Kiwi entrepreneur Harry Melsop has raised
four point three million US dollars for his AI startup, Antioch.
The former Tesla engineer and Stanford University graduate, is part
of a team bringing AI into the physical world. So
Antioch has built a software program that lets companies building
robots test them in real world scenarios. So Harry has
(00:38):
just right back in New Zealand. He joins us to
talk through what he is hoping to achieve. Harry, good morning,
Good morning, How are you good? Thank you hey, talk
me through what you've created here in Layman's terms.
Speaker 3 (00:50):
Sure thing, Yeah, So, I mean, you know, at Antioch,
our mission ultimately is to help companies who are building
autonomous systems, whether that's a self driving car or a
robot in a factory or a drone, to sort of
shift all of their validation flows from hardware into pure software.
(01:11):
And so you know, as you can imagine, if you're
building a self driving car, super important to test that
system thoroughly. And so what that means is, you know,
hundreds of thousands or millions of kilometers driven on real roads,
super expensive, you know, the car's breakdown. And so we're
really helping all of those companies move their workflows into
(01:33):
what's basically you can think of it as a really
high fidelity video game engine that really closely models the
real world.
Speaker 2 (01:40):
Okay, so what other kind of industries would be using
this technology?
Speaker 3 (01:46):
Yeah, so we work with Yeah, so you know, beyond
the autonomous driving space, beyond the drone space, we're seeing
a lot of interest from manufacturing, from logistics. I think
something that's also personally surprised me is a lot of
interest from smart security companies, so you know, smart home sensors,
(02:07):
smart those sorts of applications as well, because you know,
you can imagine for them at testing that that those
devices are properly detecting as they should be is a
high priority too. So there's really quite a wide gamut
of applications there.
Speaker 2 (02:23):
I'm assuming that there's a gap in the AI market here,
is anyone else doing this?
Speaker 3 (02:29):
Yeah, So what we typically see is that companies who
are trying to make this move into software simulation him
to try and build that capability internally, and so you know,
for example, when when I finished my master's degree, my
first job out of that was at Tesla's autopilot team.
(02:50):
We had a fantastic simulation team there internally, but that
costs tends to hundreds of millions of dollars to kind
of build out within the company, and you know, we
don't think that that's the way it should be, right.
We want to make sure that we're kind of equalizing
the playing field so that newer and smaller startup can
also kind of participate here.
Speaker 2 (03:11):
So that's yeah, so quite different industries using this technology,
do you need to then design it? Are you constantly
designing for different specific companies and industries.
Speaker 3 (03:26):
Yeah, no, that's a great question. And so I think
there's kind of two parts to how we structure the business.
So the first is that we build the simulation technology
in a very bottoms up fashion, so we add support
for you know, maybe it's motives, or maybe it's cameras
or radars or so on and so forth, and then
(03:47):
that kind of allows us to you know, service a
more diverse stet of customers ultimately, because you can start
to think of all of these different categories, whether it's
a drone, or an autonomous vehicle as a sort of
you know, bringing together of those different foundational technology.
Speaker 2 (04:04):
So you've kind of got it sitting there and it
depends on what the client's going to need. You kind
of take that and take that and take that and
put it all together.
Speaker 3 (04:10):
Yeah, that's exactly right.
Speaker 2 (04:12):
Sure, it's not quite out works at all.
Speaker 3 (04:14):
Eric, No, No, that's actually that's pretty accurate.
Speaker 2 (04:18):
How big do you think the physical AI industry is
going to be?
Speaker 3 (04:22):
Yeah, that's a great question, and it's something that we
have spent a lot of time thinking about before we
started this company. I believe that it's going to be
the largest industry in the world over the next ten
to fifteen years. I think that we you know, we've
seen with the rise of large language models and companies
like open ai, that the world of desk work has
(04:47):
fundamentally changed forever. And I think we're going to see
those same trends playing out in the physical world as well.
And ultimately those industries are really what matters, right, you know,
we need to we need to eat food, you know,
we consume things in the physical world, and so the
scope for impact there is enormous.
Speaker 2 (05:06):
So, Harry, what is this funding going to do for you.
Speaker 3 (05:10):
Yeah, so we're using it to expand the team out.
We've been building the team primarily in New York City
and so you know, bringing in new engineering staff that
allows us to take on new customers. Currently, we are
an unfortunate position where we're pretty saturated in terms of,
you know, the number of customers that we can kind
of help, so we we pretty urgently need to expand
(05:33):
a little bit there. And then also, you know, the
other surprising piece for us has been the need to
kind of produce content in these simulations. So you know,
if some of our customers have the need for particular
warehouses to be modeled or you know, home environments or whatever,
that looks like we actually need quite a large treaty
(05:54):
artistry capability as well, so bringing some of those folks
into the team.
Speaker 2 (06:00):
This isn't your first company. You also founded a company
called Trendspose, which you sold after setting up is anti
arc project that you're really keen to kind of get
up and running and see where it will go and
stick around whether or are you sort of planning on
getting it up and running and selling that as well.
Speaker 3 (06:18):
Yeah, it's a good question. Now, I think for us,
we kind of see the opportunity here as being enormous.
You know, I think we're all very aligned on this
idea that this physical AI industry is going to be
world defining over the next ten to fifteen years, and
we think that we're building a product which is, you know,
(06:38):
really very necessary. Everyone who's participating in that space is
going to need a solution like Antioch. So for us,
this is a business that we're going to want to
hold on to and we hope to grow.
Speaker 2 (06:51):
Harry, You're most welcome not to answer this question, but
can I ask how old you are?
Speaker 3 (06:56):
I'm twenty seven, cry.
Speaker 2 (06:58):
Key, Okay, this is your second business, yes, yes, yes, okay.
Oh look Harry, really impressive stuff. Really keen to keep
it on it how it goes. Thank you so much
for your time, Have a lovely Christmas and enjoy your
time back in New Zealand.
Speaker 1 (07:14):
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