Peter and Dan discuss awarding the $10 million Qualcomm Tricorder XPRIZE, which involved designing a portable wireless device that can monitor and diagnose health conditions from the palm of your hand. The prize concept originated during a lunch with Qualcomm’s Executive Chairman Paul Jacobs, a fellow Star Trek fan, when they decided the Tricorder medical device should exist.
In this episode:
- Peter describes the power of incentive prizes with examples dating back to 1714, including the invention of canned food.
- Considering the vast amounts of data in the healthcare field, Dan and Peter explain why AI will have a major role in democratizing healthcare, and how an AI diagnosis will ultimately be better than the best human experts in the world.
- Peter describes the process of awarding a XPRIZE and the roadmap needed to bring technology to market.
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The word “moonshot” is a term that comes from X (formerly Google X) and, as used here, simply means a daring, seemingly impossible mission. When most of the world is trying to go 10% bigger, a moonshot is something that is 10X bigger. Peter and Dan discuss a new tool Peter developed to help you take moonshots.