Quality Assurance and Project Management

Sep 18 2019   4:21PM GMT

Dr. Kurt Lauk, prominent business leader joins Tachyum @tachyum

Jaideep Khanduja Jaideep Khanduja Profile: Jaideep Khanduja

"Angela Merkel"

Dr. Kurt Lauk is a well-known personality on the global front. He is a prominent business leader, former chairman of Economic Council (EC) in Germany (Wirtschaftstart), and former advisor to Angela Merkel. He joins Tachyum as company’s Board of Advisors. Dr. Lauk has a tremendous success record of serving various management boards like that of Daimler and Audi. He has been a member of the EU parliament. He was Chairman of the Economy Council for 15 years and in that capacity, he advised Angela Merkel. Currently, he is the founder and President of Globe CP GmbH which is a personally owned family office since 2000. With Dr. Lauk joining as Tachyum’s Board of Advisors it will add huge value to the company. A comes with valuable insights regarding European industries. He carries a deep understanding of European manufacturers and suppliers.

Also, Dr. Kurt Lauk is an expert in international strategy having an exhaustive experience of bringing Technology innovations to market. Dr. Lauk has a deep-rooted experience in European business for which the credit goes to his positions as Member of the Board of Management and Head of Worldwide Commercial Vehicles Division of Daimler Chrysler from 1996 to 1999. Another contributor to this is his tenure as Deputy Chief Executive Officer (Dy CEO) and Chief Financial Officer (CFO) of Audi AG from 1989 to 1992. Dr. Lauk is currently serving as a director on the supervisory boards of Magna Inc (Toronto), and Fortemedia (Cupertino). Nomura which is Asia’s global investment bank appointed him as Germany and Austria Advisory Board Chairman in July 2018. Since 2000 he is is a Trustee of IISS (International Institute of Strategic Studies in London).

Dr. Kurt Lauk

Previously he held the position of the chief executive officer at Zinser Textile Machinery GmbH. His other earlier positions include Vice President/Consultant/Partner at Boston Consulting Group and Chief Financial Officer & Controller for VEBA AG which is now known as E.ON SE. Dr. Lauk holds a Graduate degree from Ludwig-Maximilians-Universität München, an MBA from Stanford Graduate School of Business, and a doctorate in international politics from the University of Kiel. His rich experience includes serving as a Member of the European Parliament from 2004 to 2009, including as a member of the Economic and Monetary Affairs Committee, and as a Deputy Member of the Foreign and Security Affairs Committee.

Kurt Lauk

Dr. Radoslav Danilak, Tachyum’s Founder and CEO says, “Tachyum is honored to have an international business and technology luminary of Dr. Lauk’s caliber on our Board of Advisors. I am personally excited to work directly with Kurt, to be able to rely on his advice and counsel, especially regarding EU business strategies and how Tachyum can help facilitate EU technological sovereignty.”

Adrian Vycital representing Tachyum’s lead investor IPM says, “Today, Slovakia is the world’s largest per-capita car producer. I look forward to working with Tachyum and Dr. Lauk to identify Prodigy value-added insertion points within Industry 4.0 and the automotive sector. We believe Tachyum will play an essential role in creating an innovation ecosystem, which is a key factor in the transformation of the Slovak economy from manufacturing to knowledge-based.”

Dr. Kurt Lauk

Tachyum’s flagship product codenamed Prodigy is the world’s first Universal Processor. The progress of its development is on track. Basically, with its high performance and ultra-low power consumption, Prodigy offers industry-leading performance for data center, AI, and HPC workloads. These exceptional properties gel well with 5G. That means Prodigy promises to bring a paradigm shift for telecom industry players. It will bring AI from cell tower mounted data centers to power intelligent IoT devices and autonomous systems. Tachyum plans to release a 7nm tapeout next year. And its volume production will begin in 2021. It is important to understand that Tachyum’s Prodigy Universal Processor Chip is the world’s smallest and fastest general-purpose 64-core processor developed till date. Amazingly it requires 10x less processor power and reduces processor cost by 3x.

Tachyum’s immediate plans include enabling a 32-Tensor Exaflop supercomputer as well as build machines that are more powerful than the human brain by 2021. It is a great feat that Tachyum is going to achieve years ahead of industry expectations. Prodigy ensures the reduction of data center TCO (annual total cost of ownership) by 4x with the help of its disruptive processor design and a smart compiler that is going to make many parts of the hardware found in typical processor redundant. All this results in fewer transistors, fewer and shorter wires, because of smaller & simpler core translating into much higher speed and power efficiency for the Prodigy processor.

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