Peter Diamandis: Keep Your Eye on Virtual Reality in 2015
Every year, Peter Diamandis ruminates on the kinds of technology ready to leap from "deceptive" to "disruptive." In this video, he explores virtual reality as an innovation ready to take the leap.
Peter H. Diamandis is the Chairman and CEO of the X PRIZE Foundation, which leads the world in designing and launching large incentive prizes to drive radical breakthroughs for the benefit of humanity. Best known for the $10 million Ansari X PRIZE for private spaceflight, the Foundation is now launching prizes in Exploration, Life Sciences, Energy, and Education. Diamandis is also the co-Founder & Executive Chairman of the Singularity University, a Silicon Valley based institution teaching graduates and executives about exponentially growing technologies and their potential to address humanity's grand challenges.
Along with fellow Big Think expert Steven Kotler, Diamandis is co-author of the New York Times best selling hardcover book Abundance—The Future Is Better Than You Think which was #2 on the NYTimes List and #1 on Amazon. Their latest book is titled Bold: How to Go Big, Create Wealth and Impact the World.
Diamandis has founded or co-founded many of the leading entrepreneurial companies in this sector including Zero Gravity Corporation, the Rocket Racing League and Space Adventures. He also counsels the world's top enterprises on how to utilize exponential technologies and incentivized innovation to dramatically accelerate their business objectives. Dr. Diamandis attended MIT where he received degrees in molecular genetics and aerospace engineering, as well as Harvard Medical School where he received his M.D. Diamandis' personal motto is: "The best way to predict the future is to create it yourself!"
Peter Diamandis: Every year I spend time thinking about what are the technologies going from deceptive to disruptive this year that today’s exponential leaders need to be thinking about and actually beginning to work with. And for this coming year, for the next few years, my view is that virtual reality is part of that. And, you know, it’s got different terms, there are different elements of it, virtual world, virtual reality, augmented reality. And really the kickoff was the purchase of Oculus Rift by Facebook for a couple of billion dollars. But in addition to that what we’ve seen is a number of technologies coming together, infinite computing, very cheap high-resolution cameras, machine-learning capabilities, low-latency/high-bandwidth networks. All of these things are coming together to reinvent the virtual world experience.
I’ll give you one example of the virtual world that I think is important. Today when I go to a mall to buy things it’s a disastrous experience, right. You spend half an hour getting to the mall. You park. You go. You try to find a particular jacket or outfit, whatever it might be. You look; you can’t find what you’re looking for. You take a few things to the dressing room; you try it on; it doesn’t fit. You know you spend hours — it’s a wasted experience and you walk away frustrated. In the future what I project happening is at home: you will have yourself 3D scanned down to the millimeter where it’s a private file, but my body shape exactly is in a file. I then enter into a virtual world and I have an AI there that is my shopping advisor. It says, “Peter, what are you looking for?” I’m saying, “You know I’m going to this amazing Hollywood party tomorrow night and I’m looking for something that’s stylish. I want to wear black.” And all of a sudden in this virtual world everything I see is in my size, in the colors I want, recommended by this AI.
And I can say, “You know, I’d love to see a fashion show.” And all of a sudden on a runway are avatars of me wearing all these different outfits walking by and I can say, “I want to see that one and that one.” And all of a sudden I’m looking in a virtual mirror and I’m wearing that outfit and I can look around, see what it looks like. And I go, “This is it. I want that.” Boom, it’s produced, manufactured to my exact size probably using 3D-printing capabilities or robotic capabilities that afternoon in the local factory and delivered the next morning and it fits perfectly. So it’s an experience where when I want something I know I will get exactly what I’m looking for, fitting for me. So that’s the future of the virtual retail store if you would and why I think virtual reality is going to do effectively a hundred-fold improvement over what the Amazon experience is today.
Directed / Produced by Elizabeth Rodd, Jonathan Fowler, and Dillon Fitton
Every year, Peter Diamandis ruminates on the kinds of technology ready to leap from "deceptive" to "disruptive." In this video, he explores virtual reality as an innovation ready to take the leap. Exponential entrepreneurs should keep a keen eye on VR, says Diamandis, because capabilities are really beginning to come together in exciting ways. As an example, he projects what a futuristic clothes-buying experience will be like in the virtual reality world.
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