Connect with us

Published

on

Tim Berners-Lee is credited with inventing the World Wide Web in 1989. But he has been dissatisfied with the way his original vision for the web has panned out.

Rita Franca | Nurphoto | Getty Images

Personal artificial intelligence assistants that know our health status and legal history inside out. The ability to transfer your data from one place to another seamlessly without any roadblocks.  

These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention.

Berners-Lee is credited with inventing the world-changing technology in 1989 while working at CERN, the Swiss particle physics research center. 

The London-born computer scientist submitted a proposal for an information management system to help his colleagues share information among themselves. 

When it started, I couldn’t have predicted that it was going to be like this, this change.

Tim Berners-Lee

Inventor, World Wide Web

Berners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running.

When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. “I couldn’t have predicted that it was going to be like this, this change,” he told CNBC.

Fabrice Coffrini | AFP via Getty Images

In 1993, Berners-Lee convinced CERN to release the Web protocol and source code into the public domain without any patents or fees. Berners-Lee has attributed the runaway success of the web to this decision.

Berners-Lee remembers what things were like when the web got started 35 years ago. “When it started, I couldn’t have predicted that it was going to be like this, this change,” he told CNBC.

He could tell there were signs the web was going to grow in a big way early on, though. Traffic to the very first website, info.cern.ch, “was going up by a factor of 10 every year, so doubling every four months.” 

“We lost track of the logs because they cut off,” Berners-Lee recalls. “Now this is going to be a serious thing. We need to make sure it doesn’t collapse.”

In the decades that have passed since the web’s creation, Berners-Lee sees some of the downsides that have come about. For one, social media feeds tailored by AI algorithms have meant people “feeling angry and upset, or hateful,” he says.

Meanwhile, the ease of producing content on social media platforms and spinning up new websites and blogs has led to a “disempowerment” for people and businesses — and a loss of ownership over our data, he adds.

But Berners-Lee still has some optimism for the future. Here are some of his top predictions for what the web will look like in the next 35 years.

Prediction 1: Everyone will have a personal AI assistant 

One of Berners-Lee’s big predictions is that AI will transform the way we interact with the web.  

With the arrival of generative AI tools like Microsoft-backed OpenAI’s ChatGPT, tech firms are betting consumers will become much more engaged with digital chatbots to get information they need and help them produce written materials and even code. 

There are already firms trying to reimagine what our interaction with the web will look like using AI-powered devices, including Samsung with its Galaxy S24 smartphone, and U.S. startup Humane AI with its wearable Pin device. 

You will have an AI assistant that works for you, like a doctor.

Tim Berners-Lee

Inventor, World Wide Web

Berners-Lee thinks that one day we’ll have AI assistants that work for us — similar to our doctors, lawyers, and bankers.

“Some people worry about whether, in 35 years, AI will be more powerful than us,” Berners-Lee told CNBC via a Zoom video call last week. 

“One of the things I predict — but it’s something we may have to fight for — is you will have an AI assistant, which you can trust, and it works for you, like a doctor,” Berners-Lee said.  

Robert Blumofe, global chief technology officer of Akamai, said he thinks the web will cease being something that humans use — and that AI agents will take the reins on our behalf. 

“You can imagine a world years from now where the web is a realm of AI agents and humans no longer effectively use the web,” Blumofe told CNBC in an interview last week. 

“It would all be done through AI agents; you would never go directly to your bank account online, or your health provider online, or any e-commerce sites.”

Akamai was founded in response to a challenge Berners-Lee posed at the Massachusetts Institute of Technology in early 1995 to create a new way of delivering web content to end users faster.

Three decades after inventing the web, Tim Berners-Lee has some ideas on how to fix it

Blumofe still thinks we’ll go online for entertainment TV shows, movies, and video games. But he thinks a lot of the daily functions of our online lives will in future be managed by AI. 

“Human beings can go back to our lives in the physical world greeting each other face to face as a physical experience, rather than a virtual experience,” he said. 

Prediction 2: We’ll take true ownership of our data across all platforms — including VR 

Another thing Berners-Lee is forecasting is a web in which we’ll all have full control of our data. 

So, rather than handing away ownership of our data to Google, Meta, Amazon, Apple, Microsoft and other tech giants, we’ll instead be able to own our data through a data store, or “pod.” 

“You’ll think of your data pod as your digital space, you’ll think of it as being one thing you’re very comfortable with,” Berners-Lee explains. 

Pods are a technology Berners-Lee is working on with his startup Inrupt.  

Tim Berners-Lee is forecasting is a web in which we’ll all have full control of our data. So, rather than handing away ownership of our data to Google, Meta, Amazon, Apple, Microsoft and other tech giants, we’ll instead be able to own our data through a data store, or “pod.”

Sebastian Derungs | Afp via Getty Images

Inrupt is behind something called the Solid protocol, which “aims to radically change the way Web applications work today, resulting in true data ownership as well as improved privacy.”

In 2022, the firm raised $30 million from venture capital firms including Forte Ventures, Akamai, and Glasswing Ventures. 

You can go do things with a VR headset, and then when you take the VR headset off, you could do it with a huge screen. And whenever you move, you can grab your phone and the experience will be as one. It should very smoothly go between different devices. 

Tim Berners-Lee

Inventor, World Wide Web

In Berners-Lee’s vision for a future web, you’ll be able to use your digital pod to access all your essential applications for instance, email across your phone, but also your laptop, desktop computer, and bigger screens like TVs.

Berners-Lee added that his idea is for us to have a set of “trust apps” that we can allow to communicate with each other to share information and do important tasks much faster.  

Take, for example, buying flights. Berners-Lee predicts that the future experience for the web will be one where you can use your wallet to purchase flights off a flight aggregator, and then give it access to data you entrust it with to come up with plans for what to do at your destination. 

“All of your to do lists, calendar events and so on, and all the different parts of your data, will come together, so the ability to live your life becomes much more powerful.” 

Chintan Patel, chief technology officer for software firm Cisco in the U.K., said he thinks the web is ultimately moving to place that’s open and where information can be shared more easily.

WSJ's Joanna Stern on Apple Vision Pro one month later: I'm reaching for it far less

“Even though we have seen increasingly the web becoming a little fragmented with more siloed platforms — more information is collected, sold, even misused in many cases,” Patel said.

However, he noted that OpenAI’s ChatGPT — and several other popular generative AI tools — are powered by data sourced from the open web.

“For all its faults, the web has brought way more benefits to society and made many more things possible,” Patel said.  

Berners-Lee predicts his vision for the web will also go a step further with virtual and mixed reality, where the physical and digital world both interact through powerful headsets, according to Berners-Lee. 

“You can go do things with a VR headset, and then when you take the VR headset off, you could do it with a huge screen,” he said. “And whenever you move, you can grab your phone and the experience will be as one. It should very smoothly go between different devices.”

Mixed reality is a new dimension for accessing the web experts expect we’ll get more used to over time.

“There’s going to be some great shifts happening in terms of some serious digital connectivity,” Patel told CNBC in an interview. 

“It will be called by then some form of spatial computing and spatial environment which won’t be something we are looking for, but an immersive experience delivered to us.” 

Prediction 3: A Big Tech company could get broken up 

Another thing Berners-Lee says might happen in the future is a big tech company being forced to break up. 

Last week, the European Union’s landmark Digital Markets Act (DMA), which forces tech giants to change their platforms to allow for competitor products to flourish, officially came into force, in a major step that advocates hope will lead to a healthier tech competition landscape. 

If a tech firm breaches its obligations under the DMA, the European Commission can enforce some meaty legal measures. That includes fines worth up to 10% of a company’s global annual revenues, or 20% for repeat offenders. 

Things are changing so quickly. AI is changing very, very quickly. There are monopolies in AI. Monopolies changed pretty quickly back in the web.

Tim Berners-Lee

Inventor, World Wide Web

In some extreme cases, the Commission can demand the breakup of companies — although most antitrust lawyers think such an outcome is unlikely, given the legal hurdles Brussels may face. 

Berners-Lee said he always prefers it when tech companies “do the right thing by themselves” before regulators step in. “That’s always been the spirit of the internet.” 

He uses the example of the Data Transfer Initiative, a private initiative that launched in 2018 and is now backed by the likes of Google, Apple, and Meta, to encourage portability of photos, videos and other data between their platforms. 

“Maybe the companies were prompted a bit by the possibility of regulation,” Berners-Lee said. “But this was an independent thing.” 

However, he added: “Things are changing so quickly. AI is changing very, very quickly. There are monopolies in AI. Monopolies changed pretty quickly back in the web.” 

“Maybe at some point in the future, agencies will have to work to break up big companies, but we don’t know which company that will be,” Berners-Lee said. 

Continue Reading

Technology

Plaid raises funding at $6 billion valuation, enabling some employees to cash out

Published

on

By

Plaid raises funding at  billion valuation, enabling some employees to cash out

Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020.

George Frey | Bloomberg via Getty Images

Plaid on Thursday announced a new funding round that values the fintech startup at $6 billion, down from $13.4 billion in 2021. The new funding will give some employees a way to cash out.

The $575 million round was led by a batch of new investors including Franklin Templeton, Fidelity and BlackRock. Existing backers NEA and Ribbit Capital also participated, Plaid said.

Plaid CEO Zach Perret said the startup saw a “substantial” growth year with record revenue and positive operating margins, though he did not provide specifics. The downsized valuation is a reflection of market conditions, he said.

“The reality is our business is much stronger and revenue has grown quite substantially,” Perret told CNBC. “The profitability of business has gotten quite a lot better, and yet we are impacted by market multiples, as many companies are.”

Plaid is “not ready” for an IPO quite yet, but this round will be the last private fundraise until the company lists on public markets, he said.

“An IPO is absolutely on our path for the coming years. We haven’t assigned a specific timeline to it,” Perret said. “We still have a lot of internal work to do. We’re not ready, which is why we didn’t consider it right now.”

Rise of secondary rounds

Plaid’s new funding allows employees to cash out of restricted stock units that expire at the end of the year. The startup will also use a portion of the proceeds to enable an employee tender offer.

“That’s the motivation for the round,” Perret said. “We think it’s important to give our employees options to sell and the ability to have liquidity, especially given that Plaid has been private for so long.”

Plaid is the latest in a string of late-stage, private deals designed to enable employees to cash out in private markets. Ramp, DataBricks, OpenAI and Stripe have all announced secondary financings that were designed to let some employees get liquidity. Few of those companies seem eager to wade into public markets. Recent volatility around stocks and lackluster performance of recent IPOs, including CoreWeave’s last week, has kept some companies on the sidelines.

“Volatility is definitely going to be one of the key factors,” Perret said, adding that it was too early to assess IPO market conditions for Plaid.

The startup has been on a roller coaster in private markets since it was founded a decade ago. Plaid was set to be bought by Visa for $5 billion in 2020 in a deal that was eventually called off amid regulatory scrutiny. The following year, it raised money at a $13.4 billion valuation. That also marked the peak for growth and technology valuations before the Federal Reserve began raising interest rates.

Plaid provides the plumbing to connect consumer bank accounts to popular finance apps. Its APIs let consumers link their bank accounts to services like Venmo, Robinhood and Coinbase. Since then, it’s expanded into direct bill pay, cyber security and data analytics. It also partners with major banks.

Cybersecurity is one of Plaid’s largest growth areas, Perret said. He pointed to financial fraud growing at 20% to 25% per year as a result of the boom in artificial intelligence.

“We’ve been leaning in to try to build tools to combat deep fakes and a lot of AI-driven financial fraud,” he said. “Unfortunately, this is a large market opportunity. It’s something that we’d actually like to be smaller. But it’s been an area of growth.”

WATCH: Cramer’s Mad Dash: CoreWeave

Cramer's Mad Dash: CoreWeave

Continue Reading

Technology

Here’s where Apple makes its products — and how Trump’s tariffs could have an impact

Published

on

By

Here's where Apple makes its products — and how Trump's tariffs could have an impact

Apple’s iPhone 16 at an Apple Store on Regent Street in London on Sept. 20, 2024.

Rasid Necati Aslim | Anadolu | Getty Images

Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too.

U.S. President Donald Trump laid out “reciprocal tariff” rates on more than 180 countries on Wednesday.

China will face a 34% tariff, but with the existing 20% rate, that brings the true tariff rate on Beijing under this Trump term to 54%, CNBC reported. India faces a 26% tariff, while Vietnam’s rate is 46%.

Apple was not immediately available for comment when contacted by CNBC.

Here’s a breakdown on Apple’s supply chain footprint that could be affected by tariffs.

China

The majority of Apple’s iPhones are still assembled in China by partner Foxconn.

China accounts for around 80% of Apple’s production capacity, according to estimates from Evercore ISI in a note last month.

Around 90% of iPhones are assembled in China, Evercore ISI said.

While the number of manufacturing sites in China dropped between Apple’s 2017 and 2020 fiscal year, it has since rebounded, Bernstein said in a note last month. Chinese suppliers account for around 40% of Apple’s total, Bernstein said.

Evercore ISI estimates that 55% of Apple’s Mac products and 80% of iPads are assembled in China.

India

Apple is targeting around 25% of all iPhones globally to be made in India, a government minister said in 2023.

India could reach about 15%-20% of overall iPhone production by the end of 2025, Bernstein analysts estimate. Evercore ISI said around 10% to 15% of iPhones are currently assembled in India.

Vietnam

Vietnam has emerged in the past few years as a popular manufacturing hub for consumer electronics. Apple has increased its production in Vietnam.

Around 20% of iPad production and 90% of Apple’s wearable product assembly like the Apple Watch takes place in Vietnam, according to Evercore ISI.

Other key countries

Continue Reading

Technology

Xiaomi delivers record cars in March as winners emerge in China’s EV race

Published

on

By

Xiaomi delivers record cars in March as winners emerge in China's EV race

A Xiaomi store in Shanghai, China, on March 16, 2025.

Qilai Shen/Bloomberg | Bloomberg | Getty Images

Chinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors.

It’s a sign of how some automakers are pulling ahead, while BYD remains the market leader by far.

Xiaomi delivered a record number of electric vehicles in March, exceeding 29,000 units, the company announced on social media. That topped its prior run of delivering more than 20,000 vehicles in each of the past five months.

The SU7, Xiaomi’s flagship model, was involved in a crash on a highway on Tuesday that left three dead. The automaker on Tuesday afternoon released a statement on Chinese social media that the vehicle was in navigation on autopilot mode before the accident.

Based on preliminary information, the road was obstructed because of construction. The driver took control of the car but collided with construction infrastructure. Xiaomi added in the release that investigations were underway.

That came two weeks after the automaker announced on March 18 its goal to deliver 350,000 vehicles this year. There are also talks of the automaker expanding its second EV factory in Beijing to meet demand, Bloomberg reported on March 18. Xiaomi did not immediately respond to CNBC’s request for comment.

Its competitor Xpeng in March delivered 33,205 vehicles, the fifth consecutive month it has delivered over 30,000 units per month and reflecting a 268% surge in deliveries from the same month last year. March is also the fifth consecutive month the company has delivered over 15,000 units of the Mona M03.

Leapmotor delivered 37,095 vehicles, reflecting a 154% year-over-year growth. The Stellantis-owned automaker last month launched U.K. sales of two electric vehicle models, the T03 and the C10.

Li Auto delivered 36,674 vehicles in March, a 26.5% year-over-year increase, but fewer than every month in the second half of 2024. The company’s cars had gained early traction with Chinese consumers since most come with a fuel tank for charging the vehicle’s battery, reducing anxiety about driving range.

Tesla takes two of three top spots in China's most popular EV list

BYD sold 371,419 passenger vehicles in March, reflecting a year-over-year growth of 57.9%. Its overseas sales volume also hit a record high of 72,723 units in March.

In the same month, the automaker unveiled its “Super e-Platform” technology, which boasts 400 kilometers (roughly 249 miles) of range with five minutes of charging. The company in February also announced that it was integrating DeepSeek artificial intelligence to develop “DiPilot,” its advanced driver-assistance system.

Across the board, major companies across China’s electric car industry reported deliveries rose last month, indicating a pick-up in demand from the seasonally soft first two months of the year.

U.S. automaker Tesla sold 78,828 electric vehicles in China in March, marking a 11.5% year-over-year decline in growth.

Other Chinese carmakers saw growth in deliveries but some still struggled to break through the 20,000-unit mark.  

Nio delivered 15,039 vehicles, a 26.7% year-over-year growth, but well below the number of cars delivered in the months of May to December last year. Nio-owned Onvo, which markets its electric vehicles as family-oriented, in March recorded 15,039 units in deliveries.

Geely-owned Zeekr delivered 15,422 vehicles in March, increasing by 18.5% year over year. The company last month announced its rollout of free advanced driver-assistance technology to local customers in a bid to compete in the market.

Aito, as of April 2, has not published its delivery numbers for March. The automaker, which uses Huawei tech in its vehicles, on social media had reported monthly deliveries of 34,987 and 21,517 in January and February, respectively.

Quarterly performance

On a first-quarter basis, BYD remained in the lead with 986,098 vehicles sold. The automaker, which overtook Tesla in annual sales last year, surpassed the U.S. EV giant in battery electric vehicles sales this quarter.

Tesla sold 172,754 vehicles in China in the first quarter this year, according to monthly delivery numbers published by the China Passenger Car Association.

Xpeng also reported strong growth, with a total of 94,008 vehicles delivered in the quarter ending in March, reflecting a 331% year-over-year growth.

Leapmotor saw quarterly deliveries more than double to 87,552 units from 33,410 units the same period in 2024, according to publicly available numbers the company published.

However, Li Auto and Nio reported weaker growth than their competitors in the first quarter of the year.

Nio saw 42,094 vehicles delivered in the three months ended March 2025, an increase of 40.1% year over year. Li Auto saw a slower year-over-year growth of 15.5%, with a total of 92,864 vehicles delivered.

Continue Reading

Trending