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" "Thus, on April 9, 2012, just three months after Kodak filed for bankruptcy, Instagram and its thirteen employees were bought by Facebook for $1 billion.20
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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The cost of reasoning is collapsing 10x faster than the cost of bandwidth did in the 90s. Society is moving from "AI as a tool" to "Intelligence as a Utility." When reasoning is too cheap to meter, the only bottleneck left is the physical world. This is why Optimus is the most important product in history. It’s the bridge from digital abundance to physical reality.