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Peter H. Diamandis is an alumnus of MIT and Harvard Medical School, a best-selling author and the founder of more than twenty hi-tech companies; while Steven Kotler is a best-selling author and journalist. This is the the third book they have co-authored.
The first chapter in the section called “The Power of Convergence” captures your attention with the fascinating topic of flying cars. The authors explain the importance of convergence of technologies bringing revolutionary improvements to parameters of safety, noise and price – concluding that “flying cars are just the beginning”. Just as the convergence of the internal combustion engine, the moving assembly line and the petroleum industry drove out horse-and-buggy transportation, the age of individual car ownership is giving way to newer forms of transportation like ridesharing, autonomous cars, flying cars and hyper-loops.
In the next two chapters, we get an overview of “exponential technologies” like quantum computing, artificial intelligence and biotechnology. The fourth chapter talks about the accelerating pace of change due to a variety of factors, such as new business models and the availability of capital from crowdfunding and venture capitalists.
In the second section of the book, “The Rebirth of Everything”, we learn about the future of diverse fields, including shopping, entertainment, education, healthcare and food. The third section, “The Faster Future” describes threats, their solutions and the ongoing migrations on an unprecedented scale.
While reading this book, you encounter many futuristic technologies – including Blockchain, Initial Coin Offering, Crowdsurance, Augmented Reality, Avatars, Experience Economy, Hyper-personalization, Vertical Farms and Cultured Meat – terms which seem meaningless till the authors explain them. For example, a blockchain is defined as “a distributed, mutable, permissible, and transparent digital ledger”. Each of these terms is explained in detail, followed by its implications, “By cutting out the middleman and bringing accounting into the digital age, blockchain is doing to banks what the internet did to traditional media: gutting them.”
While the book focuses primarily on new technologies in the American context, it contains examples from various countries including India. Further, the extent of cellphone penetration in recent years has demonstrated how rapidly new technologies can be assimilated in developing countries.
After reading this book you will readily believe that the future is already here!
This is a great read for young people and investors. This takes you into the world of new technology that is already out there, couple with stories of the new tech being developed. The authors look at how this tech is going to change everyday life and gives us insight into what we can do to be ready. A great book about the future!
Gutes Buch, das alle Buzzwords and Nerd-Topics unserer Zeit darstellt, in Zusammenhang bringt und auf ihre Auswirkungen auf unsere Zukunft untersucht. Unglaublich spannend, informativ und inspirierend. Für mich als Produktmanager eine große Hilfe, um up-to-date zu bleiben und in die Zukunft zu denken.