holding company

drag2share: Meet The Mastermind Behind Driverless Cars, Glass And More: Google’s ‘Chief Of Moonshots,’ Astro Teller

source: http://feedproxy.google.com/~r/businessinsider/~3/PNwBWE6q8a0/astro-teller-google-x-2013-9

Astro Teller Google

Google X is a department of Google that’s based 3 minutes from the search engine’s headquarters in Mountain View, California. It is where Google employees quietly hack away at driverless cars, Google Glass, and other “moon shots” – big ideas that will take years to come to fruition.

Sergey Brin, Google’s co-founder, spends most of his time working on Google X projects. But the department is headed up by a lesser-known man, Eric “Astro” Teller. Teller is highlighted in Time’s feature of a new Google business, Calico, which is trying to cheat death with science.

Teller is Google’s “Chief of Moonshots.” Science is in his genes. Edward Teller, Astro’s grandfather, created the hydrogen bomb.

Teller has founded five businesses. He also holds a pile of patents and degrees. Teller’s companies include I.P. holding company Zivio Technologies, BodyMedia, Sandbox Advanced Development, and Cerebellum Capital. BodyMedia was acquired by Jawbone for $100 million. He graduated from Stanford University with a degree in computer science. He also has a Masters in symbolic and heuristic computation and a Ph.D in artificial intelligence.

A Stanford friend of Teller’s, David Andre, spoke to Chicago Business about his brilliance. He says Teller has the ability to see the future in a way most people don’t. “[He thinks] farther ahead in research and business chess than anyone I’ve ever seen,”  Andre said.

The scientist-turned-businessman joined Google in 2010. Although Google’s new death-defying company isn’t under Teller’s domain, he decides which world-changing ideas Google will pursue.

It doesn’t just come down to concepts Teller and Brin like. “Google X’s moon shots have three things in common: a significant problem for the world that needs solving, a potential solution and the possibility of breakthrough technology making all the difference,” Times’ Harry McCracken and Lev Grossman write. Teller then tells his team to try and find every possible way an idea won’t work before moving full steam ahead.

Teller has called his team at Google X “Peter Pans with P.h Ds” and likens the forward-thinking arm of Google to Willy Wonka’s Chocolate Factory.

The Google X team doesn’t strive to improve things that already exist. It tackles seemingly impossible tasks by simply taking a different mental approach.

“[Moon shots] matter because when you try to do something radically hard, you approach the problem differently than when you try to make something incrementally better,” Teller said at the South by Southwest conference in Texas. “When you attack a problem as though it were solvable, even though you don’t know how to solve it, you will be shocked with what you come up with. It’s 100 times more worth it. It’s never 100 times harder.”

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Wednesday, September 18th, 2013 news No Comments

drag2share: AOL’s $400 Million Deal With Adap.tv Suddenly Makes A Whole Lot Of Sense

source: http://feedproxy.google.com/~r/businessinsider/~3/_05_hfzXCwU/ad-agency-holding-company-interpublic-gr-2013-8

Tim Armstrong AOL CEO

Ad agency holding company Interpublic Group has made a deal with AOL’s Adap.tv video ad serving unit.

Magna Global, the investment arm of IPG Mediabrands (Interpublic’s media buying conglomerate), will partner with Adap.tv to automate up to 50% of Mediabrands’ video ad buying.

AOL’s recent acquisition of Adap.tv for $405 million now makes a whole lot more sense — IPG Mediabrands’ clients spend up to $34 billion a year on ads, and Adap.tv is now the preferred provider for them.


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Friday, August 16th, 2013 news No Comments

Havas CEO Thinks Surprise Omnicom-Publicis Merger Might Be Bad For Clients And Staff

Source: http://www.businessinsider.com/havas-ceo-thinks-surprise-omnicom-publicis-merger-might-be-bad-for-clients-and-staff-2013-7

David Jones Havas

Earlier today, rivals Publicis Groupe and Omnicom announced a surprise merger that makes the new entity the biggest holding company in the world. Now totaling $23 billion in revenues, the newly minted Publicis Omnicom Groupe surpasses WPP, which used to be number one.

But some ad execs are questioning if the new partnership will actually hurt staff and clients.

Havas CEO David Jones said in a statement, “I’m not sure this is in the best interests of their clients or their talent. Clients today want us to be faster, more agile, more nimble and more entrepreneurial, not bigger and more bureaucratic and more complex.”

And can it be more agile at such a large scale? Particularly “in a world where digital and technology have made scale irrelevant.”

Jones continued, “Our business is very simple – it’s about clients and talented employees – and as I said, I’m not sure this move is good for either of them.”

But Omnicom CEO John Wren said at the press conference today that “anyone who is concerned about any of this should not be.”

 

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Sunday, July 28th, 2013 news No Comments

WPP Says Growth In America Is Now WORSE Than Europe (WPPGY)

Source: http://www.businessinsider.com/wpp-says-growth-in-america-has-completely-collapsed-2012-8

WPP Group, the world’s largest ad agency holding company, reported its Q2 2012 results and the revenue breakdown shows a complete reversal of fortunes for North America: When previously growth was strong in the U.S. and Canada, now it is contracting; and where growth in Europe was anemic, now it is robust.

Here’s WPP’s chart:

WPP

The key metric is “LFL,” or like-for-like” revenues. Note that North America declined 0.6% in Q2 while Europe grew between 0.8% – 3.5%.

The U.S. ad economy is now doing worse than Belgium, Italy and Japan:

WPP

As usual, ad agency revenue growth has continued its strong correlation with U.S. GDP as a whole. As the U.S. economic growth slowed, ad revenues matched the retraction, step for step:

GDP ad agency revenues

Ad agency revenues hinted at the retraction back in Q1, also. Ad agency revenues are—arguably—a good proxy for economic growth as a whole because they come from a wide variety of consumer-facing companies who often adjust their spending as a percentage of total sales.

Related:

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Thursday, August 30th, 2012 news No Comments

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