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" "With the smart grid for energy and the smart grid for water — what's technically called resource consumption optimization — we're seeing the second wave. Next up is the automation and control of far more complex autonomous systems — such as self-driving cars.
Peter H. Diamandis (born May 20, 1961) is an American engineer, physician, and entrepreneur. He is best known as the founder and chairman of the XPRIZE Foundation, and the cofounder and executive chairman of Singularity University. He is also cofounder and former CEO of the Zero Gravity Corporation, cofounder and vice chairman of Space Adventures Ltd., founder and chairman of the Rocket Racing League, cofounder of the International Space University, cofounder of Planetary Resources, cofounder of Celularity, founder of Students for the Exploration and Development of Space, and vice chairman and cofounder of Human Longevity, Inc.
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After a novel technology is introduced and begins gaining momentum, we tend to envision it in its final form — seriously overinflating our expectations for both its developmental timetable and its short-term potential. Invariably, when these technologies fail to live up to the initial hype — usually in that gap between deception and disruption on our list of the Six Ds — public sentiment for the technology falls into the trough of disillusionment. And this is where a great many of the technologies discussed in chapter 3 now sit. But when technologies are in the trough, we are again swayed by the hype (this time, the negative hype) and consistently fail to believe they'll ever emerge, thus missing their massively transformative potential.