Changes of a magnitude that once took centuries to occur now happen in decades, sometimes in years. Consider the question of privacy. Our laws date back to the late 19th century, and there is no consensus on what information should be public and what should be private.
Our smartphones track our movements and habits. Our web searches reveal our thoughts. With the wearable devices and medical sensors that are being connected to our smartphones, information about our physiology and health is also coming into the public domain. Where do we draw the line on what is legal—and ethical? Then there is our DNA. But we have yet to come to a social consensus on how private medical data can be collected and shared.
The technology to edit genes has also advanced to the point at which Nobel Prize winners are calling on scientists to accept a self-imposed moratorium on any attempt to create genetically altered children until the safety and the medical bases for such a step can be better understood.
Artificial intelligence is advancing rapidly and making amazing things possible in healthcare, transportation, technology, marketing, and practically every other field where data have to be analyzed—and decisions made.
But the advance of this super intelligence has scared even tech luminaries such as Bill Gates, Elon Musk, and Stephen Hawking. Should we stop it; can we stop it? We will have similar debates about self-driving cars, drones, and robots. These too will record everything we do and will raise new legal and ethical issues. As that becomes more developed, more enlightened, as new discoveries are made, new truths disclosed, and manners and opinions change with the change of circumstances, institutions must advance also, and keep pace with the times.
In this deep and profound talk, Vivek Wadhwa discusses these advances and the issues they are creating. Companies such as Google, Microsoft, Samsung, and hundreds of startups also see the market potential and have big plans.
They are about to disrupt healthcare in the same way in which Netflix decimated the video-rental industry and Uber is changing transportation. This is happening because several technologies such as computers, sensors, robotics, and artificial intelligence are advancing at exponential rates. Their power and performance are increasing dramatically as their prices fall and their footprints shrink.
By combining these data with our electronic medical records and the activity and lifestyle information that our smartphones observe, artificial intelligence-based systems will monitor us on a 24x7 basis.
They will warn us when we are about to get sick and advise us on what medications we should take and how we should improve our lifestyle and habits.
With the added sensors and the apps that tech companies will build, our smartphones will become a medical device akin to the Star Trek tricorder. Technologies such as Apple ResearchKit are also going to change the way in which clinical trials are done.
Data that our devices gather will be used to accurately analyze what medications patients have taken, in order to determine which of them truly had a positive effect; which simply created adverse reactions and new ailments; and which did both. Combined with genomics data that are becoming available as plunging DNA-sequencing costs approach the costs of regular medical tests, a healthcare revolution is in the works. Vivek Wadhwa gives audiences a crash course in exponential technologies—such as computing, artificial intelligence, sensors, synthetic biology, and robotics—and describes how they will converge and help turn our sick-care system into one that can truly focus on healthcare.
A common belief is that the sun is setting on the US empire and that China is about to leapfrog the US in economic terms—and in innovation.
In addition to economic disadvantages, naysayers have long cited graduation data purporting to show that the US is falling behind in mathematics and science education and have predicted that the US will lose it global advantage because China and India graduate more engineers than does the US.
They are leading the way in innovation and helping the countries transform themselves. Contrary to popular belief, however, America is getting further ahead in innovation, not lagging. The US is reinventing itself, just as it does every 30 or 40 years. In this talk, Vivek Wadhwa explains how exponential technologies are about to cause major disruption in several US industries—but they will wreak havoc on the economies of countries such as China and Russia and the Middle East.
That is because manufacturing is once again becoming a local industry and coming back to the US — thanks to robotics and 3D printing; because energy prices, which fell temporarily because of fracking, will fall permanently due to advances in alternative, clean energies such as solar, wind, and geothermal; and because advances in artificial intelligence and computing are automating knowledge work.
Some countries will win in a big way and others will lose. He discusses the opportunities and perils for countries that these technologies are introducing. Build a magnificent technology park next to a research university; provide incentives for chosen businesses to locate there; add some venture capital. Porter commonly prescribe.
Hundreds of regions all over the world have spent billions on such efforts; practically all have failed. All of these well-intentioned efforts to build Silicon Valley—style technology hubs are based on the same flawed assumptions: government planners can pick industries they want to develop and, by erecting buildings and providing money to entrepreneurs and university researchers, make innovation happen.
Innovation takes people who are knowledgeable, motivated, and willing to take risks. Ranges are presented as a guideline only.
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The cost of building world-changing technologies has dropped exponentially and made it possible for entrepreneurs anywhere to solve the grand cha. Because of these patent wars and patent trolls, technology companies are divesting huge resources to defend themselves rather than advancing their innovations.
This is the equivalent of nuclear arms r.
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