Peter Diamandis, fully Peter H. Diamandis

Peter
Diamandis, fully Peter H. Diamandis
1961

Greek-American Engineer, Physician and Entrepreneur, Founder and Chairman of X Prize Foundation X Prize Foundation which offers large cash incentive prizes to inventors to solve grand challenges like space flight, low-cost mobile medical diagnostics and oil spill cleanup, Chairman of Singularity University

Author Quotes

To go where we need to go also requires accelerating the rate of innovation, increasing global collaboration, and?perhaps most importantly?expanding our notions of the possible.

We are heading towards a massive chance in our economic system. When most everything you need is "effectively free" what does that mean? How does that work? Probably looking a bit like the Star Trek universe when your replicator can create any material thing you want. Ultimately (i) Energy and (ii) information will be the two critical currencies.

The best news is that most of these techno-philanthropists are still young, so they?re just beginning their journey.

The power of constraints and the power of small groups.

There are nearly 50 million auto accidents worldwide each year, with over 1.2 million needless deaths. AI applications such as automatic breaking or lane guidance will keep drivers from injuring themselves when falling asleep at the wheel. This is where artificial intelligence can help save lives every day.

Today [light] will cost less than a half a second of your working time if you are on the average wage: half a second of work for an hour of light! Had you been using a kerosene lamp in the 1880s, you would have had to work for 15 minutes to get the same amount of light. A tallow candle in the 1800s: over six hours? work. And to get that much light from a sesame-oil lamp in Babylon in 1750 BC would have cost you more than fifty hours.

We are living on a precious jewel.

The best universities rarely produce integrative, macroscopic thinkers.

The robber barons were transformative. In less than seventy years, they turned America from an agricultural nation into an industrial powerhouse. What John D. Rockefeller did for oil, Andrew Carnegie did for iron and steel, Cornelius Vanderbilt did for railroads, James B. Duke for tobacco, Richard Sears for mail-order retailing, and Henry Ford for automobiles. There were dozens more. And while robber baron rapaciousness has received much attention, contemporary historians are in agreement: it was also these gilded age magnates who invented modern philanthropy.

There is a race to the bottom. What you say above is true. It is also true that were we spend our money... Health, education, energy etc. is "Demonetizing" i.e. tech is making it effectively FREE, so we will need less money. ALSO, and ultimately we will partner with technology. I'm an engineer and I look at boundary conditions... the final result is nanotech... and if I have a nanobot, I don't need any money.

Today Americans living below the poverty line are not just light-years ahead of most Africans; they?re light-years ahead of the wealthiest Americans from just a century ago. Today 99 percent of Americans living below the poverty line have electricity, water, flushing toilets, and a refrigerator; 95 percent have a television; 88 percent have a telephone; 71 percent have a car; and 70 percent even have air-conditioning. This may not seem like much, but one hundred years ago men like Henry Ford and Cornelius Vanderbilt were among the richest on the planet, but they enjoyed few of these luxuries.

We are not so na‹ve as to think that there won?t be bumps along the way. Some of those will be big bumps: economic melt-downs, natural disasters, terrorist attacks. During these times, the concept of abundance will seem far-off, alien, even nonsensical, but if history is our guide then progress continues through the good times and the bad. The twentieth century, for example, witnessed both incredible advancement and unspeakable tragedy. The 1918 influenza epidemic killed fifty million people, World War II killed another sixty million. There were tsunamis, hurricanes, earthquakes, fires, floods, even plagues of locust. Despite such problems, this period also saw infant mortality decrease by 90 percent, maternal mortality decrease by 99 percent, and, overall, human lifespan increase by more than 100 percent. So while there are likely to be plenty of rude, heartbreaking interruptions between here and there, we do feel that with the proper application of resources and capital, global living standards can continue to improve regardless of the horrors that dominate the headlines.

The biggest inhibitor to procreation is making a population Wealth, Healthy and educated. Those like the U.S. and Japan are in negative growth. As i write about in detail in Abundance (hint hint) Over population is not an issue in a world of Abundance. Morocco is a great case study... went from 7.8 children per family to 2.8 per family when the new King &Queen improved health and education in the country. it is an elegant solution.

The Rocket Racing League will inspire people of all ages to once again look up into the sky to find inspiration and excitement,

There is a tremendous economy of scale when you can manage multiple prizes though a single organization ? since after a prize is announced, there is a lot of waiting and coaching until the teams start making attempts.

Today most poverty-stricken Americans have a television, telephone, electricity, running water, and indoor plumbing. Most Africans do not.

We are very proud of our partnership with New Mexico, Las Cruses and Governor Richardson, ... We're working to make the X PRIZE Cup an exciting annual event that will move the industry forward at the same time that it allows the public to personally participate in the future of the personal spaceflight revolution.

The Club of Rome, as this group was soon known, had come together to discuss the problems of short-term thinking in a long-term world.

The second cooperative tool is the information and communication technology (ICT) revolution we?ve already documented.

There?s over five thousand times more solar energy falling on the planet?s surface than we use in a year. Once again, it?s not an issue of scarcity; it?s an issue of accessibility.

Today there are more than 1,400 billionaires and 93,000 ?ultra-high-net-worth? individuals in the world. Many of these are young, very socially-conscious entrepreneurs who made their money in technology and are now interested in using it to slay some of the world?s grandest challenges. Bill Gates fighting against malaria, Jeff Skoll crusading against pandemics, Pierre Omyidar democracy-spreading efforts. There are many, many more. We call these individuals Techno-philanthropists.

We believe that over the next two to three decades it will be possible to significantly raise global standards of living. Abundance is not about providing everyone on this planet with a life of luxury?rather it?s about providing everyone with a life of possibility. To be able to live such a life requires having the basics covered and then some. It also means stanching some fairly ridiculous bleeding: feeding the hungry, providing access to clean water, ending indoor air pollution, and wiping out malaria?four entirely preventable conditions that kill, respectively, seven, three, three, and two people per minute world-wide. But ultimately, abundance is about creating a world of possibility: a world where everyone?s days are spent dreaming and doing, not scrapping and scraping.

The creation of a medical [Star Trek-like] tricorder that allows consumers to use a hand-held wireless device to diagnose themselves - equal to that of a physician. 2) A vaccine for AIDS. 3) Life detected on the subsurface of Mars. 4) A 10-fold increase in battery power storage densities.

The second force is money?a lot of money?being spent in a very particular way.

These are the poorest people on Earth, the so-called ?bottom billion.? We have renamed this group the ?Rising Billion? because, thanks to the exponential spread of communication and information technologies (like the smart phone), these people are coming on line for the very first time. Their voices, which have never before been heard, are suddenly joining the global conversation. Aided by these technologies, the Rising Billion are beginning to pull themselves out of poverty. They are already on their way to becoming a powerful and significant consuming segment of humanity, and many companies are rushing to develop ultra-low cost products to meet their needs. This effort will drive down the price of basic goods and services in a fashion that will benefit everyone. But the Rising Billion have also become a producing and consuming segment of humanity, generating new ideas, insights, products and services that add to the overall wealth of Earth.

Author Picture
First Name
Peter
Last Name
Diamandis, fully Peter H. Diamandis
Birth Date
1961
Bio

Greek-American Engineer, Physician and Entrepreneur, Founder and Chairman of X Prize Foundation X Prize Foundation which offers large cash incentive prizes to inventors to solve grand challenges like space flight, low-cost mobile medical diagnostics and oil spill cleanup, Chairman of Singularity University