InvestMETS Q&A: Hivekit’s Wolfram Hempel

‘I firmly believe … we can create thinking systems that can rival artificial neural networks in the real world’

Berlin-based entrepreneur and technologist, Wolfram Hempel, this week announced the formal launch of Hivekit for surface mining. Hivekit is described as a “cloud-based platform that tracks people, vehicles, machines and data sources [and] can visualise them in a three-dimensional digital twin”.  InvestMETS.com was drawn to the company’s website vision statement, among other things, which talks about an “overambitious ... idea of a fully connected world in which producers, processors, logistics, and consumers all work together as a hyper-efficient, fault-tolerant, self-organising swarm”.

We thought we would put some questions to Hempel and Hivekit co-founder, Adam Iley. At what is no doubt a hectic time for the start-up, they responded enthusiastically.

Hempel is the ex-vice president of trading technology at investment bank, JP Morgan, and also worked on foreign-exchange trading technology for HSBC before developing deepstreamHub and then founding Arcentry.

Iley, a software engineer based in London, has focused on financial trading, real-time data processing and synthetic world simulation.

“In the digital world, we’re reaching ever higher levels of automation and orchestration,” the company posits.

“We’ve aggregated enormous datasets, learned how to structure them at scale, and are not only making them accessible to end-users, but actionable through AI.

“In the physical world, there is no equivalent.”

That’s pretty much where we pick things up in a Q&A …

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