Exponential Wisdom

Episode 94: When the Hospital Comes To You

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Peter and Dan discuss transformations in healthcare as a result of the pandemic and consequent stay-at-home orders. Peter envisions a future wherein people don’t go to the hospital when they get sick, but instead have a hospital at their fingertips thanks to sensors, wearables, and an abundance of personalized medical data.

In this episode:

  • Peter gives an update on COVAXX and a number of other vaccines developed for COVID-19. 
  • Dan delves into tele-health transformations within our modern-day healthcare system. 
  • Peter and Dan discuss why they believe the pandemic will speed up healthcare transformations, including: AI collaboration with physicians; drugs customized and designed for the individual; and rapid improvements in wearable hardware and commercial viability.

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Episode 83: The Rise of AI as a Service

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Peter and Dan discuss the power of Artificial Intelligence as a Service (AIaaS) and its utility to thousands of companies in both traditional and non-traditional sectors. By adding an AI layer to your organization, AIaaS tools can help any company achieve scale with minimal increases in headcount, fueling data-driven business decisions, personalized marketing efforts, team efficiency, and countless other benefits.

In this episode:

  • Dan elaborates on a quote by Gino Wickman — “Systemize the predictable so you can humanize the exceptional” — and uses it as a framework for understanding AI-human collaboration. 
  • Illustrating several examples (e.g. AIs that help doctors diagnose patients in real time), Peter discusses how he is using “AI as his ‘WHO’” to run experiments across his organizations. 
  • Dan delves into the importance of teamwork between humans and technology, a partnership he claims will be key for competitive businesses in decades to come.

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Episode 81: The Era of Quantum Supremacy

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Peter and Dan discuss the state of quantum computing and Google’s announcement that they achieved ‘quantum supremacy’ in October 2019. 

In this episode:

  • Peter gives a general overview of what quantum computing is and why this matters to entrepreneurs. 
  • Dan and Peter discuss the skill of asking great questions and why general AI’s will soon assist every aspect of our lives. 
  • Peter mentions a few unexpected consequences of converging technologies like 5G, broadband satellites, and quantum computing available on the cloud for free.

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Episode 77: Eliminating Middlemen, When AI Replaces the Sales Agent

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Peter and Dan discuss the first-order implications of artificial intelligence. As technologies like AR/VR, AI and blockchain converge to disrupt traditional business models and processes, countless tasks will become far easier, reducing business costs and time expenditures.

 

In this episode:

  • Peter discusses the latest breakthroughs in augmented reality, validating his belief that AR will become ubiquitous by 2030.
  • Dan emphasizes the importance of skills training, and justifies why AI will transform the education industry.
  • Peter projects AI’s trajectory of becoming more and more knowledgeable. As data explodes in both quality and quantity, middlemen will no longer be needed in most industries.

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Episode 73: Revolutionizing Real Estate

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Location. Location. Location. Physical proximity has long been the name of the game. Yet as autonomous vehicles, virtual offices, and gigabit connection speeds transform our everyday lives, real estate markets are about to experience the massive waves created by these disruptions. Peter and Dan discuss the implications for real estate as convergence reshapes how we live, work, and play.

In this episode:

  • Peter illustrates how today’s low-value, long-distance real estate becomes far more attractive as air taxis and autonomous vehicle fleets make physical distance immaterial.
  • Dan discusses the legal ramifications as regulators attempt to catch up to technological advances, and entrepreneurs gain an unprecedented opportunity to participate in drafting new laws.
  • Peter explores the critical role of AI: fast approaching (near) human-level intelligence, AIs will soon begin to replace middlemen across countless industries, disrupting traditional real estate brokers and personalizing our physical — and virtual — spaces.

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Episode 71: Lifetime Learning

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Peter and Dan discuss continuous education as critical in the 21st century to take advantage of new opportunities and develop new capabilities. With technology changing every month, week and even day, your agility as an entrepreneur depends on your ability to learn new skills and instantly apply this knowledge.

In this episode:

  • Peter talks about the fundamentally broken global education system and his belief that exponential technology will completely transform how we learn in the next decade. He gives an example of AI-driven education curating an AR experience, in which digital avatars have conversations with you to create the most impactful experience you’d never be able to have from reading a book.
  • Dan and Peter agree the old system was not a system of inspiration or creativity, but a system of doing what you’re told. The new system will be customized education, where AI is helping people learn in the best ways for them.
  • Peter talks about the gamification of learning and gives an example of an unemployed workforce playing games all day and learning. Once they master a certain level, an employer can offer then a job or a higher paying position.

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Episode 68: Flipping the Insurance Industry

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Peter and Dan talk about the history of insurance, and why this age-old industry is ripe for disruption. They discuss which exponential technologies will help inefficiencies and the new business models they see in the near future.

 

In this episode:

  • Peter believes insurance will start to disappear for most people as tech companies begin covering costs (i.e. autonomous car companies like Waymo offering free insurance to their riders).
  • Dan talks about how AI will disrupt the middleman. He outlines a future scenario in which most individuals will purchase life insurance from a robot online, because the process will be that instant, easy and accurate.
  • Peter and Dan discuss how insurance companies should flip the business model from retrospectively protecting from risk to proactively protecting you from risk. This would force insurance companies to keep customers alive longer to retain their business.

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Episode 65: The World Becoming Automagical

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Peter and Dan discuss the recent bankruptcy of retail giant Sears. After being in business for 132 years, converging exponential technologies ultimately led to Sears’ downfall.

They discuss the future of retail, in which AI knows everything and the experience is “automagical.” As the world is automated, AI will be able to leverage large data sets to predict exactly what you want.

In this episode:

  • Peter describes the transformation of the retail experience. In the past, you might think of something you need, look it up in the Yellow Pages and then go to the store to see if it was in stock. In the future, you might instead have a frictionless conversation with your AI, which is always listening and knows your preferences.
  • Dan and Peter talk about the fact that every company will eventually go bankrupt. If you’re not constantly trying to fundamentally reinvent your company now, how can you make a massive change?
  • Peter gives the example of ExP Worldwide, a company that went from the 2008 real estate crisis to reinventing as a fully virtual company with zero offices and a virtual campus for staff to meet online.

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Episode 64: Privacy Is Dead

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Peter and Dan discuss the idea of privacy and how it is a recent human invention. A thousand years ago, people didn’t assume the level of privacy we enjoy today. Do we assume privacy is a right, when it never existed?

 

In this episode:

  • Peter discusses how wrongdoing becomes harder in a world without privacy. When everyone is watching, you’re more likely to think about the consequences of your planned actions. 

  • Dan believes blockchain will become ubiquitous because of public demand. He outlines a future business model in which companies that make money on someone’s personal information will pay users a small percentage of the profits their data earn.

  • Peter discusses a future scenario with an AI software shell that watches everything all the time. As owners of this technology, we will give it permission to watch us and collect every piece of data on us so that it can make decisions that improve our lives.


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Episode 59: AI Disrupting the Middleman

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Peter and Dan discuss the disintermediation of the insurance industry, and specifically how AI will disrupt the middleman in all industries.

 

 

In this episode:

  • Peter and Dan talk about using technology to gather and evaluate increasingly more data. When will tech companies who know the most about you enter the insurance industry?
  • Peter gives his view of the future of health insurance, where big data is so personalized that you will only pay for your exact needs instead of covering the masses.
  • Peter and Dan discuss a range of ideas: what happens to life insurance when you live 30 extra years? What becomes of auto insurance when autonomous cars don’t have accidents?

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