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UK tech Pioneer Mike Lynch Dead at 59 After Yacht Tragedy Off Sicily Coast
The Register ^ | 21 Aug 2024 | Lindsay Clark

Posted on 08/21/2024 5:14:39 PM PDT by nickcarraway

UK software tycoon Mike Lynch has been found dead two days after he went missing in a sailing tragedy off the coast of Sicily.

The news ends a period of speculation since reports emerged describing the British entrepreneur's disappearance after the Bayesian, the billionaire's 56-metre superyacht, went down near Porticello in violent storms at around 5am on Monday, local time.

The accident came as 59-year-old Lynch was said to be looking forward to a new life following years of legal battles to clear his name and put the acrimonious sale of his analytics company, Autonomy, behind him.

Lynch is remembered as a unique talent in the UK tech industry. Born to Irish parents in London, he grew up in Essex, winning a scholarship to a private school in London. His academic prowess led him to Christ's College, Cambridge, where he studied natural sciences as an undergraduate, before completing a PhD in artificial neural networks, the precursor to latter-day machine learning. He later held a research fellowship in adaptive pattern recognition.

While making his mark in academia, he was also starting out in business. He reportedly started his first company, audio-tech firm Lynett Systems, with a £2,000 loan negotiated in a bar while studying for his PhD.

But he soon moved on to apply his research project in the real world. Cambridge Neurodynamics was founded by Lynch in 1991 in an effort to build effective fingerprint recognition technology. It produced three spin-offs: character recognition company Neurascript, database search outfit NCorp, and Autonomy, which produced software designed to look for patterns in unstructured data resulting from phone calls, emails, and videos, for example.

The latter venture was his big hit. Founded in 1996 by Lynch – along with media and internet entrepreneur David Tabizel and technologist Richard Gaunt – the company designed software to employ adaptive pattern recognition techniques centered on Bayesian inference and apply them to business problems including enterprise search and knowledge management.

Autonomy was floated on the European technology stock market EASDAQ in 1998 at a share price of approximately £0.30. It was listed on the London Stock Exchange in 2000, where it peaked at more than £30 a share.

The company survived the dotcom crash to make a series of acquisitions including competitor Verity for $500 million, email archive company Zantaz for $375 million, and content management software outfit Interwoven for $775 million.

But when Autonomy became an acquisition target of Hewlett-Packard, the success story entered a more troubled chapter.

HP-Autonomy: Attorneys wrap up arguments in Mike Lynch's stateside criminal fraud trial HP paid about $11 billion in cash for Autonomy in 2011, but within a year wrote down the deal by $8.8 billion. The move prompted HP shareholders to sue in 2012.

In 2015, HP sued Lynch and Sushovan Hussain, former Autonomy CFO, in the High Court of England and Wales. Lynch responded by filing a $150 million counter-suit for defamation.

In May last year, Lynch was extradited to the US to stand trial.

However, in June 2024, Lynch was acquitted of criminal fraud and conspiracy charges in the United States arising from the 2011 sale of Autonomy to HP. A federal court jury in San Francisco cleared Lynch of all 15 charges relating to the allegation that he, along with Stephen Chamberlain, formerly VP of finance at Autonomy, unlawfully inflated the company's value prior to its acquisition. Chamberlain was also cleared of any wrongdoing at trial.

(Chamberlain was hit by a car on Saturday and died from his injuries on Monday, the same day Lynch went missing from his yacht off the coast of Italy.)

In 2022, HPE, which inherited the civil litigation after HP split into HPE and HP Inc, prevailed in its British civil case and is seeking $4 billion in damages from ex-CFO Sushovan Hussain and Lynch. The case is yet to be settled but the damages awarded are likely to be lower.

Lynch's death came as he was looking to put these episodes in his life behind him.

He is remembered by those who worked with him as possessing a clear vision with a fantastic mind for data analytics. He was made an OBE for services to enterprise in the 2006 New Year Honours list. In June 2008, the Royal Academy of Engineering in the UK made him a fellow.

Following the sale of Autonomy, Lynch – often described as Britain's answer to Bill Gates – co-founded, along with his venture-capital firm Invoke Capital, cybersecurity biz Darktrace.

Lynch is survived by his wife, Angela Bacares, who was rescued from the Bayesian. The couple's daughter, Hannah, 18, was tragically found dead with her father. ®


TOPICS:
KEYWORDS: bayesian; mikelynch; siciliy; stephenchamberlain; thebayesian; yacht
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1 posted on 08/21/2024 5:14:39 PM PDT by nickcarraway
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To: All

In before the “was he vaxxed” question.


2 posted on 08/21/2024 5:18:21 PM PDT by BipolarBob (Three conspiracy theorists walk into the bar . . . . same time . . coincidence? I think not.)
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To: nickcarraway

What a crazy story! I hope it’s investigated thoroughly though because it sounds pretty shady.


3 posted on 08/21/2024 5:20:39 PM PDT by Prince of Space (Trump 2024! )
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To: nickcarraway

Well they sure are making sure everyone knows he’s “dead.”


4 posted on 08/21/2024 5:23:04 PM PDT by xoxox
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To: nickcarraway

In 2020, Mike Lynch wrote a paper on wireless tracking of 'objects' in neural networks ("All your locations are belong to us!").

What is a Neural Network?

IBM
https://www.ibm.com › topics › neural-networks
 
A neural network is a machine learning program, or model, that makes decisions in a manner similar to the human brain, by using processes that mimic the way ...

Localisation in Wireless Networks using Deep Bidirectional Recurrent Neural Networks

 


5 posted on 08/21/2024 5:25:35 PM PDT by ransomnote (IN GOD WE TRUST)
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To: BipolarBob

WATER SPOUT HIT THEIR LARGE YACHT


6 posted on 08/21/2024 5:27:57 PM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: ransomnote

I can see that being something that somebody might want to own and kill for.


7 posted on 08/21/2024 5:34:35 PM PDT by Jonty30 (Genghis Khan did not have the most descendants. His father had more. )
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To: nickcarraway
(Chamberlain was hit by a car on Saturday and died from his injuries on Monday, the same day Lynch went missing from his yacht off the coast of Italy.)

That is just too much of a coincidence doncha think?!

8 posted on 08/21/2024 5:38:10 PM PDT by Rummyfan ( In any war between the civilized man and the savage, support the civilized man.)
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To: nickcarraway

Boo hoo! Death and taxes cannot be avoided.


9 posted on 08/21/2024 5:42:46 PM PDT by MIchaelTArchangel
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To: nickcarraway

In Mark 8:36-37, Jesus asks, “For what shall it profit a man, if he shall gain the whole world, and lose his own soul or what shall a man give in exchange for his soul”?


10 posted on 08/21/2024 5:44:58 PM PDT by InkStone (ONLY returning to Faith in God, thru Jesus Yeshua, will save America)
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To: Prince of Space

Most of Lynch’s family and Chamberlain both dying on the same day. Big time serious hit by people with serious money. They can investigate all they want. We’ll never know. They might try to pin it on some patsy like Crooks, Oswald or Siran.


11 posted on 08/21/2024 5:51:25 PM PDT by ladyjane
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To: nickcarraway

Read in a different article that other bodies are being recovered as well.


12 posted on 08/21/2024 5:54:29 PM PDT by ArcadeQuarters (You can't remove RINOs by voting for them!)
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To: ladyjane

Yeah, when a hitman can produce a tornado that sinks your boat, there’s no defense against that. That’s a hitman with god-like capabilities.

Might as well shoot yourself to save the collateral damage to others.


13 posted on 08/21/2024 6:02:33 PM PDT by Salvavida
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To: Salvavida

It was Da Ruskies. They could pull this off.


14 posted on 08/21/2024 6:39:35 PM PDT by JusPasenThru (We are so racist a woman has to pretend to be black in order to win the Presidency.)
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To: nickcarraway

“ … went missing,” is as vapid a statement as “… deep dive.”


15 posted on 08/21/2024 6:44:45 PM PDT by HIDEK6 (God bless Donald Trump)
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To: Salvavida

Hit by a car huh? Might be suspicious.


16 posted on 08/21/2024 6:45:59 PM PDT by princess leah ( )
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To: Salvavida; ladyjane

People know. This car hit and rogue waterspout has ‘Bond villain’ written all over it.

🍿


17 posted on 08/21/2024 6:47:40 PM PDT by Ezekiel (🆘️ "Come fly with US". 🔴 Ingenuity -- because the Son of David begins with MARS ♂️, aka every man)
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To: nickcarraway

Who was at the helm?


18 posted on 08/21/2024 6:52:44 PM PDT by Romulus
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To: Ezekiel
Rogue AI named Colossus.

19 posted on 08/21/2024 7:52:34 PM PDT by Waverunner
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To: ladyjane

I’ve read of people living there saying waterspouts are common and some even saw the waterspout.


20 posted on 08/21/2024 7:57:09 PM PDT by Beowulf9
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