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initial coin offerings (or ICOs).
sovereign wealth funds (SWFs).
$8.5 trillion in assets.
SWFs have invested money in public equities, infrastructure and natural resources, but as the economic promise of startups continues to climb, these funds are increasingly hun...
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$16.2 billion flowed in this direction.
CEO Masayoshi Son’s
mega-fund, the “Visi...
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“Singulari...
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Ray Kurzweil’s idea that developmen...
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“Forty-five minutes, $45 billion,” Son later said on The David Rubenstein Show. “One billion dollars per minute.”
the $100 billion Vision Fund is just “the first step.”
10 trillion yen to 20 trillion yen to 100 trillion yen.”
Force #3: Demonetization
demonetization—to explore how it’s also acting as a force for acceleration.
innovation demands research. So what’s better than having millions of research dollars at your disposal? How about having those millions of dollars stretch a million times further.
This is what demonetizatio...
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Today, Ilumina’s latest generation sequencer can do that in an hour and for $100—or 6,480 times faster and a million times cheaper.
And what is true for gene sequencing is true in dozens of fields.
In Abundance, we calculated the amount of technology—music players, video cameras, calculators, etc.—that came free of charge inside what was then a fairly expensive smartphone ($800 or so) at over a million 2012 dollars.
Today, the average $50 smartphone found in Mumbai has all the same equipment.
But to really increase that rate of change, accelerated innovation alone won’t get it done.
And thanks to demonetization, nearly every basic business requirement—energy, education, manufacturing, transportation, communication, insurance, and labor—is growing exponentially cheaper.
Force #4: More Genius
Ramanujan contributed over 3,900 formulae to math, including solutions to problems long considered unsolvable. He also made critical contributions to computer science, electrical engineering, and physics. Resoundingly, he’s considered one of history’s great minds, an unabashed genius.
1 percent of the population qualifies.
75 million geniuses in the world.
But how many of them actually get to m...
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“the neurological basis for innovation”—that is, creativity, learning, motivation, and the state of consciousness known as flow—have allowed us to amplify these critical skills like never before.
nine-dot problem,
5 percent
population can pull this off.
researchers took a second group
transcranial direct stimulation to artificially mimic many of the changes produced during flow.
Forty percent solved the...
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Elon Musk, who started a company called Neuralink,
Braintree cofounder Bryan Johnson,
Ke...
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Face...
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“neuro-prosthetics”
“brain-computer interfaces,”
Sensory replacement devices are already here (think cochlear implants),
full-scale visual prosthetics—that final horizon—are coming this decade.
borrowed the seizure-control neu...
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Song produced a 30 percent boost in memory.
In the near term, this is a new treatment for Alzheimer’s;
long run, it’s brain-enhancement ...
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but even if he’s off by a decade,
Force #5: Communications Abundance
growth
Geoffrey West discovered that doubling the size of a city produces a 15 percent increase in income, wealth, and innovation (as measured by the number of new patents).
