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What Does Technology Look Like in an Age of Abundance? | Peter Diamantis | MediaFuturist

Reposted from http://bit.ly/zQwkVg on February 16, 2012 at 09:53AM

Some good thinking here, below. But still, I wonder if ‘exponential growth’ is really what we need, going forward, and this is precisely the kind of operating paradigm that worries me about the singularity movement. Any thoughts, anyone?What Does Technology Look Like in an Age of Abundance? | Endless Innovation | Big Think

http://bit.ly/AdAI3G

“In their new book Abundance (coming to a tablet near you on February 21), Peter Diamandis (Chairman and CEO of the X Prize Foundation and Chairman & Co-Founder of Singularity University) and co-author Steven Kotler offer a handful of reasons why the future is better than you think. One key reason is the Rising Billion – the world’s newest one billion, empowered by mobile technology, are about to come online for the first time ever. An average smart phone user in Sub-Saharan Africa now has more computing power than the U.S. President did 25 years ago. Another key reason is the appearance of the DIY Innovator, capable of transforming off-the-shelf technologies into an instrument for radical social change in areas that once were the exclusive domain of NGOs and governments.

As Diamandis points out, the key to a future of Abundance is the ability of technology to generate exponential growth, rather than linear growth. Linear growth is what gives you something like Angry Birds for Facebook. Exponential growth is what gives you a radically new technology platform capable of changing the world. In a world now measured in terms of billions of potential consumers, iterating 30 times (2^30) with an exponential technology takes you to that magic one billion mark. As a proponent of the coming Singularity, Diamandis understands how exponential change in one field - such as computing - can lead to exponential change in fields ranging from energy to biotechnology to artificial intelligence”

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