Press release

London Tech Entrepreneur Tej Kohli Pours $100m into AI & Machine Learning Ventures

Sponsored by Businesswire

At London Tech Week: Tej Kohli, the London-based tech entrepreneur, has
invested another $100m into Rewired, a robotics-focused venture studio
with a humanitarian bent. Rewired is pioneering investment into
artificial intelligence and machine learning ventures that will power
the new economy, transform businesses, revolutionise global healthcare
and even improve and extend human life.

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Tej Kohli, tech entrepreneur (Photo: Business Wire)

Tej Kohli, tech entrepreneur (Photo: Business Wire)

Some of the companies already backed by Rewired include:

  • Open Bionics: is developing the next generation of prosthetics,
    which for the first time enable patients to feel their surrounding
    environment through their prosthesis.
  • Aromyx: is developing technologies that for the first time
    enable scientifically reproducible measurement and digitisation of
    taste and scent. Applications include the detection and capture of new
    data modalities for machine learning.
  • Seldon: has developed the world’s first open source machine
    learning platform to enable data scientists, developers and large
    organisations to share data, thus harnessing the network effect for
    machine learning and enabling machines to learn faster, bigger and

Current thinking suggests that the global AI market will be worth
anything from $3.9 trillion by 2022 (Gartner) to $15.7 trillion by 2030
(PWC) – but Tej Kohli believes that the true value could be much greater.

Kohli commented:

“Conventional wisdom is too cautious. I predict that the global AI
sector will be worth $150 trillion by 2025. My forecast is based on a
five-part analysis:

  • The Internet today is worth $50 trillion. You can take that and
    extrapolate it to at least three or four times as many applications as
    the Internet to get $150 trillion. I don’t see how it can be any less
    because AI has so many different industries and applications;
  • Everything that is currently on the Internet can also be manifested
    through AI in smarter and better and more effective ways. These
    Internet-linked applications alone are worth hundreds of billions –
    and AI can be similarly applied across hundreds of other industries;
  • The rapid pace of growth of AI in China, with Shenzen now a global
    hub of AI excellence that will surpass the ever more regulated Silicon
    Valley in the medium term;
  • The global growth in 5G coverage plus ubiquitous smartphone usage
    removing technological barriers to embracing the AI revolution in a
    true Internet of Things;
  • That we are now at a tipping point, after which AI and machine
    learning will grow exponentially to underpin and benefit every single
    aspect of human life.

“I am not saying that $150 trillion is based on a complete adoption
of AI across everything.
I believe $150 trillion is where you get
to when keeping our basic human norms and values intact.
It is
using AI to make our lives more efficient without radically changing our
lives to the full extent that AI is capable of.
I estimate this
value to be three to four times the Internet.

“And I believe that AI will enable humanity to take unprecedented
leaps forward in solving the most pressing human problems across
poverty, geopolitics and unequal access to healthcare, by virtue of its
ability to make businesses and organisations far more efficient. There
is scope for huge commercial gain coupled with unprecedented
opportunities for human progress.”

About Tej Kohli

Tej Kohli is a London-based technology and real estate entrepreneur,
businessman and philanthropist who now focuses on visionary ventures and
investments that have the potential to transform lives and change the
world. Through his investment vehicle Kohli Ventures, Mr Kohli targets
high-impact investments into AI, robotics, biotech, genomics and Fintech
that help to solve the world’s most pressing challenges and create a
better tomorrow.

Mr Kohli also has a well-publicized mission to cure corneal blindness
worldwide by 2030 through the philanthropic Tej Kohli Foundation that
provides direct funding for the Tej Kohli Cornea Institute, a preeminent
global institute for solving corneal blindness worldwide.

Mr Kohli is a Distinguished Alumnus of the Indian Institute of
Technology in Kanpur (IITK) where he completed a degree in Electrical
Engineering. He first rose to success building innovative white label
technology and e-commerce solutions for companies during the dot com

About Rewired

Rewired is a robotics-focused venture studio specializing in applied
science and technologies. Rewired launched in 2017 with an initial $100
million fund for technologies that will enable robots to interact
properly with real-world environments. In backing the development of
robots’ sensory capabilities and understanding of the world around them,
Rewired seeks to play a major part in enabling the safe and efficient
integration of machine learning into everyday life.

For more information about Rewired see