Bringing Incentives Bold Thinking Abundance To Medicine | Peter Diamandis

[Music] [Music] hey good evening guys still with me good all right so I actually don't have a PowerPoint I want to talk and I want to have a conversation before I do that that was an amazing performance huh skip it up for again and then Dean Ornish I love that man I want to tell you the authentic loving human that he is we're having dinner about a year and a half ago and we're talking about my insane lifestyle which is still insane but he says do you have a treadmill desk and I said no what's a treadmill desk and he goes you need to have a treadmill desk and he goes hold on a second give me your address and over dinner he orders me a treadmill desk that he pays for and shifts my xprize office name has ever been there knows I'll put in you know a good couple hours of walking when I'm in town and so just the incredible human that Dean Ornish is and I'm here in the state of gratitude and I'd want to take a second to just acknowledge and recognize dr. Daniel Kraft and we'll Waisman for this incredible [Applause] so proud Daniel and will for what you and the teams have built here in our third year and hopefully the third of many to come so question is why are you here why are you here is it for your own help is it you're an entrepreneur let me give you a sense of why I think you should be here as as humans we evolved on the savannahs of Africa hundreds of thousands and millions of years ago and the wiring of our brain the very way that we think is best described as locally linear because the world that we evolved in and our bodies and our physiology adopted adapted to the world we were in the world back then when our circuitry was forming was local and linear and from that affected use within a day's walk nothing changed century a century nothing changed millennium to millennium things were pretty much constant and as a result of that we as humans are local and linear thinkers we don't know how not to wear these cognitive biases but the world anything but that today the world is global and exponential right the rate of change is so rapid so fast that it's very difficult for us to actually extrapolate what's going on and the only way I found it possible for myself as an entrepreneur I started 17 companies my last company was human longevity i Brad the pleasure bringing Bob Murray and craig Venter together and we formed this corporation which is on the cutting edge of healthcare but we're changing at such a rapid pace that it's impossible to project out more than a couple years and the only way to actually do it is to come to in a place like this every year and say this is what's possible today and to reset your two to five year horizon every year based on what you see here because while you might be an expert in AI or robotics or 3d printing or Big Data or whatever it might be being an expert in any one field is no longer sufficient because it's a convergence of all of these computers Network sensors AI 3d printing Synthetic Genomics digital medicine all of these things are converging in unexpected consequences and so it's really impossible to look out more than two three years time we're blown away constantly what what's happening so by coming back here this is if you would not a pitch but just a way of for you to think about what exponential medicine is or what singular university is I go every month to an executive program or two graduate program art one of the exponential conferences to just keep my mind in this this sense of possibility because I truly believe there is nothing we cannot do and it's the most amazing time ever to be alive and I fundamentally believe that we are in the most extraordinary time ever because of a number of forces coming on so the things I want to just put forward and then I'd love to have a little bit conversation if you can ask questions and we can have a conversation so think of a few questions if you would so what's going on now that's different than ever before is the amount of capital coming into this field amount of risk capital right we've never had Google and Apple and Samsung and the amount of venture capital coming in willing to try crazy ideas we've never had more startups ever in this field and I have more faith in the startup community than all the government programs and all the large corporations put together right high because ultimately it is you know the true ISM I like to say the day before something is truly a breakthrough it too crazy idea right if it wasn't a crazy idea it wouldn't be a breakthrough computing with computers a little bit more powerful isn't a crazy idea but going from stuff on vacuum tubes to silicon was a crazy idea and the challenge is in the large corporations and in government labs and listen I greatly appreciate the dedicated men and women in both but trying crazy things that have a high probability of failure is the easiest way to get a Senate investigation or have your stock price plummet and we're all humans we don't want to have that kind of a rectal exam all the time and so we don't take those risks but as an entrepreneur that's ultimately what you have to do to move the needle so it is the amount of risk capital coming in that gives me tremendous hope for the future and the power of entrepreneurs so the meta trends that I see that I'm excited about and we hear here over and over again is the power the patient right the mantra I say is making you the CEO of your own health it is giving you the power wrapped with the technology and I you know what you heard from Dean Ornish is gold right just the lifestyle changes I've done these for myself and I love Dean and what he represents because that is fundamentally critical but his ability to actually measure those things or a function of technology as well and we're heading towards a point where we are going to be measuring our physiology constant that we will have an AI shell wrapped around us that will give us the knowledge give us information to make the decisions that we can control and not something that we happen to stumble into when we go to see our physician we're going from sick care to health care right one of the things I'm proud about at human longevity and I just landed from London a few hours ago and I came in on the very tail end of Brad Perkins and and yahrens presentation but this the concept that we're now working with incredible companies like Discovery Health like here's a health insurance company that gives you a health insurance rate your life insurance rate and says after we've given that to you we're going to sequence you and then we're going to give you a reduced rate after we sequence you because we're going to help you stay healthier because we know what you're likely to come down that's health care versus secure right it's how do we use Daniels term how do we create OnStar for the body how do we create the engine check light how do we actually prevent you from coming help you prevent you from dying in the first place it's a win-win-win scenario I'll end on this notion in my comments which is there's plenty of money in the healthcare system it's just being put in the wrong places it's just being directed to too many lawyers to too many accountants to too many in whatever the case might be too much bureaucracy and so we have a chance to change that you have a chance to change that and it's the most extraordinary time ever in human history to do these experiments so I'm thankful for all of you coming here and investing your energy invest in your time and I hope you'll come here to get sort of the State of the Union of where these are where these technologies are from each other every year and what I'd like to do if it's okay with you is just take you know five or ten minutes of questions what are you thinking what do you see here is the most amazing thing that you've experienced or learned or what questions do you have for me we have a couple of mics over here don't be bachelors come on up how would you say you stack up against with human longevity against Google's calico and are there any partnerships that you're working on to bring together you know Southern California in Northern California so so we actually sew calico is a very different beast than human longevity and I know the folks at calico and we know them at HMI calico is a drug discovery company at least externally that's what they portray I don't know what's going on with art has going on internal to the organization but their goal is to identify and create the drugs and the molecules that will extend the healthy human lifespan hli is a data company right we are looking to create the most valuable database on the planet and mine that database for breakthroughs ennum one care and you heard probably much better from dr. Perkins and and Yaron what we're up to we have our we have a 30 person office up in Mountain View run by Franz och so we are up in Northern California ready and we are looking at partnerships across the board our operations are in Singapore in Mountain View and down here in La Jolla so ultimately like I said there's plenty of money Yeah right there's tens of trillions of dollars locked up in personal wealth over the age of 60 around the world and guess what they're not going to take it with them and so ultimately that is money that will pay for the research and I want to just point out something and it goes a little bit to the point to gentleman made a few minutes ago one of the truisms about technology is wealthy people pay for technology in the beginning when it doesn't work very well and then the world benefits at the end when it works perfectly and this is the equivalent of the Wall Street banker who's got a million dollar cell phone and they're lemmas een back in the nineteen you know early 1980s and today the beautiful smartphone that cost 40 bucks in Africa is available for everybody so I think we're heading towards a world where wealthy will pay for longevity treatment but it's something that will eventually hopefully the breakthroughs are democratizing their D monetizing thank you thank you please yeah hi petah hi there it's great to see you in person sure so my name is Alice I'm a medical intern from Australia and I've got a question as a personal question but I think it scales to a lot of people in the audience and suffer it abundance and the the vision of providing that you know the material needs for the future nine billion people on earth I find that inspiring and I've read bold as well which it's the roadmap so I suppose I've got some idea of what you think the roadmap is thank you yeah it's a great book so my question is as a current junior doctor in Australia who wants to contribute to that abundant vision what are your personal tips what's your advice well so I'll take it general and I'll just say that we as each of us is the most impactful we can be on the world when were when we are centered in our authentic passion in our unique abilities and the things that make us special that we care about that we're going to work till 3:00 or 4:00 in the morning though as an intern you probably work till 3:00 or 4:00 in the morning anyway so what do you truly care about what do you want to do what do you want to solve and then go and do that too many people and I open up every graduate program every su GSP with this one question do you know what you want to do in life this goes for all of you do you know what your purpose and mission is on this planet like without question you know this if I do this during my life I have lived a life or are you still searching and if you're still searching that should be your focus what all you want to do I became a physician to make my mom and my dad happy and because the admission rates in the astronaut corps were slightly higher from MDS than anybody else and it's been great training but ultimately it took finally me breaking free of that by getting my degree and shipping a photocopy to my mom and my dad to actually go and pursue the things that I wanted to do and so if you know your passion that is that is what you should be doing on the planet that's what we should all be doing our plan I assume that medicine or healthcare or improving the planet's state of existence is why everybody's here I mean the point is that any is omake one of the point on this and thank you for raising it which is a thousand years ago the only people who could change the world slightly were the kings and the queens right and all they could do in their countries the regions where deploy the troops changed the monetary policy a hundred years ago it was the robber barons industrialists who could build the railroads build the libraries build the steel mills the factories and change something today all of us can do this today the power to change the world is resident in every single one of us there should be no limitations on capital right just 15 billion dollars in crowdfunding there is billions of dollars in venture capital there's no limitations in technology you can spin up a thousand processor cores an Amazon web you know that only the Joint Chiefs of Staff could do 20 years ago you access to anything you want there are no limitations for the impact you can have on the world but you'll only have that impact if you're tied into your personal passion so thank you thank you thank you yes yes well this whole place is amazing phenomenon apparel is to be here my question is just about this idea of sort of like super convergence where it's starting to feel like all the biggest companies on the planet today are starting to do sort of the same thing Google Samsung Apple Microsoft they're all starting to manage our identity and sort of address all of our problems do you feel like we're like they're all starting to mirror each other in a way so do you feel like we're we're moving towards a totally consolidated technological super entity that generally addresses all our problems so that's interesting question right I've had this exact conversation over dinner in Dubai a few like three weeks ago which is I'm aligned if you could best describe me as a libertarian capitalist and I sort of feel like we're moving back towards a state of socialism and communism on the technology side meaning we're heading towards what I would call technological socialism where it isn't the state taking care of you it's technology taking care of you right in the future we will have AI and robotics giving us the best state of medical care if I need surgery a robot will effectively do it for the price of electricity if I need Diagnostics AI will do it for the price of electricity I mean that is for the a that's the boundary conditions of where we're going and we're heading towards world where we have these large corporations these network effect companies Amazon and Google and Facebook which are growing tremendously large and creating platforms that we operate on top of it's where we're going now one of the things that I have the you know I say to Larry Page and Eric Schmidt all the time is I'm thankful that the profit margin that exists within search is resident in Google why because they are spending a lot of money trying to solve the world's biggest problems and that's a good thing because they're taking risks that a lot of other companies just don't so I'll just leave it I'll leave it at that if I could I do thank you take two more questions and then we'll we'll break yes thanks for dinner everybody's hungry hi I'm Nina Shang and love love your speech and I particularly like the part where you talked about the diffusion of Technology and sort of how the super-rich will pay for technology in its early phases and then over time you know it diffuses to the less rich and I'm a little bit curious to hear your vision maybe maybe as an example how does this expense exponential ism look to a small town shopkeeper in Idaho or someone you know who works in a factory man in the the average everyday American or somebody in another country what do you think of all of the things that we're talking about I understand how the future works for us but what does it look like in their shoes I think what it looks like in their shoes if you could mirror the analogy of again I'll use Google is the ability of a democratizing so we're heading towards the world they'll use this we're heading towards a world where the things that were expensive and physical are D materializing what I mean is the becoming bit and they're they're d monetizing so uber is d materializing and D monetizing having to own a car right Travis is heading towards autonomous ubers which at the end of the day costs intense the cost of an uberx so imagine if it's much much cheaper to have access to Hubert autonomous uber than owning a car you can save your money there all right we don't carry on our cell phones on the cell phone today I've got to a video conferencing on skype for free I've got access to I did the calculation the back of abundance the apps that are most used right now would have cost you $900,000 to purchase 20 years ago and are available free today so what's happening is that we're dematerializing de monetizing and then because they're free and they're bits and they're available to basically distribute upon the planet we're democratizing these things oh I'll point out that the shopkeeper in Idaho is this group is pretty well-off it's actually the villager in Tanzania that I'm thinking about to a large degree because we're heading towards a world war over the next five years we've got Internet org from Facebook we've got one web with Richard Branson and Paul Jacobs just deployed five hundred million dollars for 648 satellite constellation you've got Elan for posing a four thousand satellite constellation got Google loon you have at least five different scenarios for providing a megabit connection to every single human on the planet and this is a megabit to the poorest villager in Africa or Madagascar not like you and I came online they're coming online with access the world's information on Google with access to the ability to use Amazon web servers ability to do 3d printing on the cloud with an ability to do AI it's this massive period of innovation coming which gets me very excited about the future because the number of brains coming online to solve problems is greater than ever before an innovation is the conversation that takes place between people so I think that shopkeeper in India is going to have the ability to to to make their dreams come true because it's going to become a lot less expensive to do so all right thank you we can have the conversation over dinner okay I'll keep these really short Daniel Daniel is going like this which means going really fast okay hey Peter my name is shizz I'm a medical device entrepreneur and it's already hard enough to bring a new product to market and the FDA is being a pain in the ass you know there any way we can sort of help them you know see trends or do you have any ideas on you know so it's an interesting balance right on the regulation side I play in both the FDA side with H line i play in the SI side of my space business my old adage for SI a and is saying that they had is we're not happy - you're not happy and the problem is that that for the FDA it's there's no pressure that we don't value the lives lost from inaction we only value the lives lost from consequences of action and there's no counterbalance right there's no more perverse example than when Dean Kaman was on the stage of talking about his what his Luke arm that he had created for veterans who had had you know basically bilateral need for prosthesis and he said you can go to the store and buy a chainsaw but you can't actually give give the veteran what am i when my arms it's not fda-approved so Dean said why we have an X Prize for the with a lawyer who brings successful lawsuit against the FDA for inaction on a product or service so that's the I like that idea that's the closest example I have it maybe we should still do that last last question sorry no we're out of time I'll keep it brief Peter it's been a while I'll just see you again okay so one of my favorite things about you is that you see opportunities and trends where most of us think they don't even exist and I know in a few years since I've seen you there's been a baby boom within the singularity community yourself included so how has that opened your eyes to new trends and opportunities after having had kids so I have four year old twins and twin boys and I just I I value the measure of time over the next 15 years very differently I think about it very differently right now right because I'm pretty sure they're never going to drive right by the time they're 12 you know whatever autonomous car I have in eight years will take them to Billy's house to go and play I don't know whether college is going to be a valued valuable proposition in in 14 years I actually don't know the state of change is so rapid that the educational system if their two systems are going to crush this next decade health care and education they're both going to be reinvented they just are they're inefficient they're bloated and it's a whole meta trend towards personalization right this is healthcare for you different for you different for you and the same thing is going to be true in education and so the question is school going to be the right place left to happen or is it going to be in a virtual world and if I believe my dear friend Ray Kurzweil who I do believe who says in the early you know 20 30 15 years from now right not far away and we're going to have nanobots in our brain connecting us to the cloud holy crap talk about the education you can get them so I just feel very different about the rate of change looking at through the eyes of my children the only constant is change the rate of change is increasing and I'll leave it on this we're living during the most extraordinary times ever in human history what do you love what do you want to do what impact want to create on the world there are no limitations we can in fact go and make our grandest dreams come true it's hard but if you don't want to do in life you can honor no pleasure thank you again to Daniel to wilt the whole a single idea versus all right thank you [Applause] [Music]

Channel: Singularity University Summits

Views: 3,791

Rating: 4.9560437 out of 5

Keywords: singularity, singularity university, exponential medicine, medicine, exponential, innovation, health, wellness, biomed, technology

Id: _yKRHYmRcgU

Length: 26min 23sec (1583 seconds)

Published: Thu Aug 03 2017