Technology Innovation - Apple introduced "Private Cloud Compute" in October 2024, a new private AI technology for millions of devices [1] - Private Cloud Compute offers local device-level privacy and security on an untrusted remote server [1] - The technology enables developers to run sensitive, multi-tenant workloads with cryptographically-provable privacy guarantees at scale and at reasonable cost [1] Industry Impact - Private Cloud Compute represents a paradigm shift in confidential computing, making it mainstream [1] - The technology can be leveraged for data and AI applications where privacy and security are paramount [1] Key Personnel - Jonathan Mortensen, CEO of a stealth AI startup and Founder Fellow at South Park Commons, previously founded bit.io, a multi-cloud serverless PostgreSQL platform acquired by Databricks [1] - Prior to bit.io, Jonathan Mortensen led data science and engineering teams at BlueVoyant, designing high-volume data pipelines processing 50 million events per second [1]