Peter Diamandis: The Future of Business Is Rosy
Peter Diamandis is one of the world's most ambitious entrepreneurs. Creator of the X-Prize Foundation and other companies, he is optimistic about the current direction of business.
What's the Latest Development?
Despite pessimism over the global economic slump, serial entrepreneur Peter Diamandis says the world is getting better at an accelerating rate. The cause? Technology. Clean water, sanitation, electrical power, refrigeration, television, cell phones, cars, and air conditioning are typically available to many without large incomes. Diamandis is particularly excited by cell phones: "As lower-cost phones begin to penetrate, they'll become the educator and physician everywhere on the planet," he says.
What's the Big Idea?
The cheapening of technology broadens its reach, creating new opportunities for business. Companies that can find ways to serve ever growing numbers of highly empowered, nominally poverty-stricken people will stand make large gains. "Eight billion people will have Internet access by 2020," Diamandis points out. "These people will be one click away from your business. If they spend 30 cents a day, that's huge. If you're not thinking about them, you're missing a $1 trillion market."
A new study estimated the untapped potential of wind energy across Europe.
- A new report calculated how much electricity Europe could generate if it built onshore wind farms on all of its exploitable land.
- The results indicated that European onshore wind farms could supply the whole world with electricity from now until 2050.
- Wind farms come with a few complications, but the researchers noted that their study was meant to highlight the untapped potential of the renewable energy source in Europe.
French newspapers report that the trial hasn't lived up to expectations.
- The French government initially invested in a rural solar roadway in 2016.
- French newspapers report that the trial hasn't lived up to expectations.
- Solar panel "paved" roadways are proving to be inefficient and too expensive.
You want one. Now you may be able to survive one.
Photo credit: Jie Zhao / Getty contributor
- Cats live in a quarter of Western households.
- Allergies to them are common and can be dangerous.
- A new approach targets the primary trouble-causing allergen.