A group of billionaires have pledged one billion dollars to fund radical new energy technologies. Breakthrough Energy Ventures (BEV) is an investment fund that aims to accelerate energy innovation and disrupt the energy industry. This Bill Gates brainchild managed to secure a host of high-profile investors, including Jeff Bezos, Richard Branson, Jack Ma, and Michael Bloomberg – and they’ve just announced their First Seven Investments.
In their now popular book on The Second Machine Age Andrew McAfee and Eric Brynjolfsson describe one of the forces behind our accelerating pace. This force could be key to understanding the dynamics of our environment; the number of potentially valuable building blocks is exploding around the world, and the possibilities are multiplying like never before.
It’s been over a year since launching an Online Course focused on a complex and uncertain future. The course takes a Journey through the Looking Glass – a metaphorical expression that means: on the strange side, in the twilight zone, in a strange parallel world. It comes from the Alice and Wonderland literary work of Lewis Carroll, where he explores the strange and mysterious world Alice finds when she steps through a mirror. I have always found this to be a perfect metaphor for our times.
Every time the looking glass has appeared, the world has experienced a Tipping Point. While I firmly believe a tipping point is coming, the impact is likely a question of severity. Some believe that we have survived similar economic transitions in the past, while others disagree:
Byron Reese recently authored a book titled The Fourth Age. I thoroughly enjoyed this fascinating look at history, and the focus on possible futures. In looking at the future, Mr. Reese explores the reasons that experts disagree on the path of these possible futures. He asks: why do Elon Musk, Stephen Hawking, and Bill Gates fear artificial intelligence (AI) and express concern that it may be a threat to humanity’s survival; and yet, why do an equally illustrious group, including Mark Zuckerberg, Andrew Ng, and Pedro Domingos, find this viewpoint so far-fetched as to be hardly even worth a rebuttal? The answer as described by the author lies not in what we know – but what we individually belief. This theme throughout the book is an interesting piece of self-reflection. See how you would answer the questions posed by the author.
I’ve been talking lately about the two main tipping points in human history: from hunter-gatherer to agriculture, and agriculture to our industrial society. That second tipping point beginning about 1760 ushered in three revolutions. The First Industrial Revolution saw the rise of iron and textile industries and the mechanization of production through the use of water and the steam engine. This second tipping point saw a reduction in physical labor and a shift in where new forms of labor were required. The Second Industrial Revolution started in 1870, riding advances such as electricity, telephone and the internal combustion engine to drive rapid industrialization and globalization. A massive disruption followed, as established sectors were eliminated and new ones emerged.
Updated December 15, 2017
“We are having super abundance of everything – capital, talent, resources. The previously known scarce resources (e.g physical world scarcity, natural resources) are also abundant now thanks to technology. With every abundance there will be new scarcity that will be the point of friction. With every node of regulation we remove to promote innovation, new set of problems will emerge that needs to be regulated otherwise system will collapse.”