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

These vehicles will literally sport a 20-foot bright brilliant flame out the back.

True disruption means threatening your existing product line and your past investments. Breakthrough products disrupt current lines of businesses.

I want to disrupt our education system and healthcare system for one. They are both massively broken and need revitalization. I would love to do an Earthquake prediction X PRIZE and an organogensis X PRIZE.

In 2008 I took this idea forward, partnering with Ray Kurzweil to found Singularity University (SU).

Information technologies are extremely potent change agents.

Life on Earth is at an ever-increasing risk of being wiped out by disaster? I think the human race doesn?t have a future if it doesn?t go into space. I therefore want to encourage public interest in space.

Now the amygdala is our early warning detector, our danger detector. It sorts and scours through all of the information looking for anything in the environment that might harm us. So given a dozen news stories, we will preferentially look at the negative news.

Poverty has been reduced more in the past 50 years than in the previous 500. One major reason is the abundance of information-and-communication technology. According to research done at the London School of Business, adding ten cell phones per hundred people raises GDP by .6 percent. To quote technology write Nicholas Sullivan on this matter: ?extrapolating from UN figures on poverty reduction (1 percent GDP growth results in a 2 percent poverty reduction), that.0.6 percent growth would cut poverty by roughly 1.2 percent. Given 4 billion people in poverty, that means with every 10 new phones per 100 people, 48 million people graduate from poverty.

So what is possible?

That?s especially troubling, as New York University?s Dr. Marc Siegel explains in his book False Alarm: The Truth About the Epidemic of Fear, because nothing could be further from the truth: Statistically, the industrialized world has never been safer. Many of us are living longer and more uneventfully. Nevertheless, we live in worst-case fear scenarios.

I was in a coffee shop recently and overheard a young couple discussing whether or not it was morally responsible to bring a child into today's world given all of the global challenges we face. What's curious about their question and the dark contemporary mood it represents is that in a very measurable way, the world is better off than it?s ever been. I'll start with poverty, which has declined more the in the past 50 years than the previous 500. Over the last 50 years, in fact, even while the population on Earth has doubled, the average per capita income globally (adjusted for inflation) has tripled. We're not just richer than ever before, we're healthier as well. During the past century, maternal mortality has decreased by 90 percent, child mortality has decreased by 99 percent, while the length of the average human lifespan has more than doubled.

In 2010, when the Finnish multinational sold its billionth handset, it came as no surprise that the sale took place in Nigeria.

Investing in robotics is more than just money for research and development, it is a vehicle to transform American lives and revitalize the American economy. Indeed, we are at a critical juncture where we are seeing robotics transition from the laboratory to generate new businesses, create jobs, and confront the important challenges facing our nation.

Life spans 60 percent longer in 2000 than in 1900.

Now we must keep the competition going, and help push the envelope faster, higher, and cheaper, to build the safe spaceships that will carry all of us to space. To this end, we have partnered with the state of New Mexico to create the X PRIZE Cup, to attract tens of thousands of people each year to New Mexico to see the spaceships of tomorrow take racing to new heights,

Predictions about population and famine were seriously wrong, he says, while epidemics were never as bad as they were supposed to be? Furthermore, I noticed that people who pointed these facts out were heavily criticized but not refuted.?

So while I can't tell you if bringing a child into this world is the morally-responsible to do, I can say that the future, much like the present, is going to be a whole lot better than you think.

The advancement of new, transformational technologies?computational systems, networks and sensors, artificial intelligence, robotics, biotechnology, bioinformatics, 3-D printing, nanotechnology, human-machine interfaces, and biomedical engineering.

I?ve always believed (to paraphrase computer scientist Alan Kay) that the best way to predict the future is to create it yourself, and in my five decades of experience, there is no better way to do just that than with incentive prizes.

In his first book, 1988?s The Age of Intelligent Machines, Kurzweil used his exponential growth charts to make a handful of predictions about the future. Now, certainly inventors and intellectuals are always making predictions, but his turned out to be uncannily accurate: foretelling the demise of the Soviet Union, a computer?s winning the world chess championship, the rise of intelligent, computerized weapons in warfare, autonomous cars, and, perhaps most famously, the World Wide Web.

It can be argued that because of the nonzero nature of information, the healthiest global economy is built upon the exchange of information.

Light is a fabulous example. In England, artificial lighting was twenty thousand times more expensive circa AD 1300 than it is today.

Of course, in the developed world, this may not sound like much, but it?s a game-changer most everywhere else?and not just for the obvious reasons.

Previously, invention was a linear game: create something in your head, build it in the real world, see what works, see what fails, start over on the next iteration. This was time consuming, creatively restricting, and prohibitively expensive. 3-D printing changes all of that, enabling ?rapid prototyping,? so that inventors can literally print dozens of variations on a design with little additional cost and in a fraction of the time previously required for physical prototyping.

So you have to wonder: what does it take to make a real difference? Not much, actually. Daniel Kahneman?s calculation has lately been extended to the rest of the planet. On average, across the globe, the point on the chart where well-being and money diverge is roughly $10,000. That?s how much the average global citizen needs to earn to fulfill his or her basic needs and gain a toehold toward much greater possibility.

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