The keyboard will be gone in five years and voice tech is ‘the opportunity of a decade,’ investor says

Voice tech -enabled technology will end the need for keyboards within five years, and investors should put their money into the space, a venture capitalist with a track record for successful bets has told CNBC.

“What’s clear to me today is that the keyboard in five years will be gone as an input device,” Mark Tluszcz, co-founder and CEO of Mangrove Capital Partners, said in an interview this week.

He said a struggle for the investment community when it comes to voice is figuring out whether voice recognition will be “a nice add-on” for companies or a “cataclysmic change to the user experience.”

Tluszcz says his firm’s bet is on the latter.

“Our thesis at Mangrove is it’s a massive change,” he said. “There are going to be many companies built that are only voice.”

“Voice is the opportunity of a decade. I’m an optimist. An optimist that’s been reasonably right many times.”

Each morning, the “Beyond the Valley” newsletter brings you all the latest from the vast, dynamic world of tech – outside the Silicon Valley.

Tluszcz has been known to back ventures that have ultimately resulted in a profitable return. Such investments include Skype, which was bought by Microsoft in 2011, and, which went public in 2013.

Voice-controlled tech has so far been a field dominated by large firms like Amazon — with its Alexa voice assistant and Echo devices — and Google — with the Google Assistant and Home. Even Facebook is working on its own voice assistant.

But Tluszcz says that’s no reason to assume start-ups can’t penetrate the space, and his venture capital firm has backed a French company called Sybel — which focuses on high-quality podcasts — to take advantage of the industry’s growth.

See also  HAVAÍC predicts bumper year for African tech startups as the acceleration of technology adoption continues

While he thinks the tech giants are doing a “good job” at setting the standards for voice — for example, in recognizing less common accents — the industry will still require “massive innovation” and “new ways of using voice.”

According to tech research firm Juniper Research, about 2.5 billion digital assistants were used by consumers across a range of devices at the end of 2018, and that number is expected to climb to 8 billion by 2023.


Leave a Reply

Send in Your Business News to BusinessTrumpet News!