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1-Page Summary of Bold

Overview

In this book, the author explains why our current situation is not as bleak as we think it to be and presents ways in which our future could be marked by abundance instead of scarcity. It takes readers on a tour of transformative technologies, their key players, and how they could be used to solve many of today’s resource problems. Above all, the book reminds us that it’s an interesting time to exist.

All companies want to be successful. So, how can they do that?

You have to be bold in order to grow exponentially. New technology has made it possible for companies to achieve exponential growth by tapping into the global online community. Crowdsourcing and crowdfunding are two ways of doing this, which can catapult a startup from obscurity into success within no time at all.

This article will teach you how to design a jet in 143 days, get the government to pay for your pool, and know what plants need.

Big Idea #1: Technology is growing at an exponential rate, and this growth has been democratized. It’s now easier than ever for people to change the world.

An asteroid wiped out all the dinosaurs 66 million years ago, allowing mammals to rule the world. Currently, a technological revolution is occurring that will allow humans to live in harmony with nature and other species.

And just like that asteroid, technology will wipe out all of today’s dinosaurs.

Gordon Moore, founder of Intel, noticed that the number of transistors on integrated circuits consistently doubled about every 12 to 24 months. This trend is called Moore’s law.

In order to understand how Moore’s law impacts our lives, we must consider that the power and price of technology has increased exponentially. This is because when a medium or technology becomes digitized – like photography going from physical film to digital images – it grows at an exponential rate. Once this happens, companies are willing to pay huge amounts of money for these technologies. For example, Facebook bought Instagram for $1 billion.

Exponential technology, such as 3D printing, is making it easier for people to change the world. It’s allowing anyone with a vision and the resources to create something new. For example, cars are now being made using 3D printers in one day instead of taking months or years.

Some experts believe that 3D printers will be a good investment for individual households. A 3D printer can make enough products to pay for itself, and if every household owned one, it would change manufacturing forever.

Big Idea #2: Technologies are changing the world. They’re offering businesses new opportunities to succeed in ways they never could before.

If you are an entrepreneur, your success depends on being able to understand the exponential technologies that can have wide availability that will soon change our lives. There is one technology in particular — artificial intelligence or AI. As this technology continues to advance, we’re seeing some machines develop human-level skills and abilities already today.

For example, Ray Kurzweil is developing AI with natural-language understanding. He’s teaching computers to understand subtle nuances in both spoken and written languages. If he succeeds, it would have profound consequences.

If we could ask our machines complex questions, they might be able to respond with answers that are not just logical but emotional as well. This would give them the ability to understand the world better than humans can. In fact, Kurzweil believes that this will happen by 2029.

Sensor technology is becoming more and more prevalent in our lives. Sensors are devices that collect information, like temperature or vibration. When connected to a network, sensors can transmit this information to us.