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Home » Imagining the Future: The Transformation of Humanity – Peter Diamandis (Transcript)

Imagining the Future: The Transformation of Humanity – Peter Diamandis (Transcript)

Here is the full transcript of Peter Diamandis’ talk titled “Imagining the Future: The Transformation of Humanity” at TEDxLA 2017 conference .

Listen to the audio version here:

TRANSCRIPT:

Good morning, everybody. We are living during the most extraordinary time ever in human history. And during our lifetime — during our lifetime that we’re about to see the transformation of the human race. Especially something that blows my mind every time I think about it.

The Acceleration of Change

And the conversation I keep having with my colleagues, my friends, my investors, my community in Silicon Valley goes something like this: “People have no idea how fast the world is changing.” And I want to give you a sense of that, because it fills me with awe and with extraordinary sense of responsibility for how we guide it, what we do with it. This is the computational power of our planet. And over the last 40 plus years, from the 1980s to 2000, we were in a period of what I call deceptive growth, where the growth was slow.

It was beginning to change us, but we didn’t try to feel it yet. And then we enter a period of disruptive growth, where it’s exploding onto the world. And you saw part of the implications from what Jeff Dean was saying. And the implications of that explosive disruptive growth is that we’re plummeting the cost of bandwidth, millions of times cheaper. Computational costs are dropping through the floor. The cost of memory is dropping through the floor. And global connectivity is exploding on this planet.

The Implications of Technological Advancements

Now there are two implications I want to talk about during my presentation that are critically important. The first is that of abundance. And I had a chance to write a book called “Abundance: The Future is Better Than You Think.” And here are the facts. The per capita income for every nation on this planet has increased 300%. Our lifespan over the last 100 years has increased two and a half times. The cost of food has dropped 13-fold. Energy’s dropped 30-fold.

And then on top of that, what we’re seeing is the following: Literacy on this planet over the last 100 years is going 12% to 88% across the globe. The cost of transportation going 100 times cheaper. The cost of communications going 1,000 times cheaper. And the cost of knowledge and information, given Google, billions of times cheaper. For every single person.

For a child in Mumbai, having access to knowledge and information as good as the President of the United States had 20 or 30 years ago. A child, the poorest child in Mumbai on a smartphone having access to the same knowledge and information that Larry Page has on Google. So besides creating this abundance and demonetizing the cost of living, what we’re also seeing is we’re about to see the transformation of the human race.

And when I say that, we’re going to change over the next few decades how we raise our children, how we govern ourselves, how we communicate person to person, how we employ ourselves, commerce, entertainment, and we’re about to become a multi-planetary species. And here’s the most amazing thing. It’s happening during our lifetime.

The Driving Forces Behind the Change

It’s happening during your lifetime. It’s happening in the next 30 years. So don’t blink. So what’s driving all this? This is Gordon Moore, one of the co-founders of Intel. He and his partner started it in 1958. And by 1965, Gordon Moore had noticed something on the chips that they were producing at Intel, the integrated circuits. And he noticed that the number of transistors per piece of silicon per dollar was roughly doubling every 12 to 18 months. And in 1965, he publishes this paper, and he goes, “you know, this is likely to continue.”

And it’s been known as Moore’s Law. And it’s continued for 50 years. And I want to show you what that looks like. That’s the first integrated circuit, 1958. Here we see two transistors, about a half inch feature length on each. Let’s fast forward to the first commercial product in 1971, the Intel 4004, 2,300 transistors, about a dollar each.

Now let’s fast forward 45 years to Intel’s i7 processor. Here we see a processor that is 330 billion times faster. When you want to understand why the world is getting faster, why we’re able to do the things that we do, it’s right here. It’s that transformation, 330 billion times faster over the course of 45 years. But let me give you another visualization of what this looks like, right? In 1956, this was a hard drive. Five megabytes, $120,000, and if you happen to have your cargo airplane, you could move it from office to office.

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Now we probably noticed when this happened, 2005, here’s 128 megabytes for 99 bucks. Pretty extraordinary transformation. But did we notice this? When over the course of nine years, it went to 128 gigabytes, right on schedule, on Moore’s Law for 99 bucks, a thousand times better.

I’m an investor and an advisor in a nanotechnology company that’s focused on doing this a billion times better again, right? We’re talking about all of Google’s data centers in a sugar cube. And if you look at this, this is from my partner, Ray Kurzweil. He’s a co-founder with myself at Singularity University. This is the computational growth plotted on a log scale over the last 110 years.

What we see here on this curve in five paradigms, the last of which is Moore’s Law, what Ray calls this is the law of accelerating returns, that we’re using faster computers to build faster computers to build faster computers, and it’s not slowing down. We don’t see World War I or World War II. We don’t see boom times or recessions, right? And so if it’s likely to continue, what you get is something pretty interesting.