MOUNTAIN VIEW, Calif.--While I'm sure that many of the people in the room were familiar with prediction markets, I wonder how many of them had ever seen an active one up close and personal before.
Providing that sense of deep immersion, of course, was exactly the point of an exercise run Monday during a session of Singularity University's executive program by Melanie Swan, a Silicon Valley hedge fund manager. Swan, the principal of MS Futures Group, had tasked small groups of students with coming up with world-changing product ideas and then simultaneously had the students vote in an online prediction market looking at which product and team would be rewarded with the most faux-venture capital.
Despite the fact that some technical problems got in the way, the point was made: prediction markets, given enough active participation, are increasingly seen as an excellent way to arrive at the answers to any number of questions, whether it's sales figures, who will win presidential elections, or who will get the most VC funding. Indeed, the winning technology concept--a pill that could cure cancer--and team were accurately prognosticated by the market.
For the group of superstar achievers like the students in the executive program, this was but one piece of a meticulously constructed nine-day education that many hope will supplement and enhance already successful careers in a wide range of disciplines.
Other sessions included looks at the state-of-the-art in medical research from Daniel Kraft, an instructor in Stanford's cancer/stem cell biology institute, and Chris deCharms, the founder of Omneuron, a company working on new MRI technologies; future forecasting from Peter Bishop, the coordinator of the futures studies program at the University of Houston; a workshop in the future of medicine and biomedical technology from Stanford developmental biotechnology professor, Stuart Kim; and a talk by Harvard Law School professor and Internet law expert Johnathan Zittrain.
And that was all just on Monday.
Four start-ups emerged
Earlier this year, Singularity University (SU) ran its inaugural summer session, a nine-week program based at NASA's Ames Research Center here in the heart of Silicon Valley, aimed at giving the best 40 of more than 1,200 applicants a highly concentrated education in a series of exponentially growing technologies like biotechnology and bioinformatics; nanotechnology; AI, robotics, and cognitive computing.
For those students, who were chosen based on having demonstrated top-level academic rigor, entrepreneurial and leadership skills, an interest in global issues and who were seen as already being at the top of their chosen fields, the nine weeks were a marathon of long days and nights of lectures from world-leading thinkers, workshops in the technologies that could shape the future and group projects centered on coming up with ways to positively impact a billion people. Already, four start-ups have emerged from the summer session.
But now the first of SU's nine-day executive program is in full swing, and according to co-founder, X Prize Chairman and CEO Peter Diamandis, the goal now is to distill the best parts of the nine-week SU version and present them to the new students in a way that will be of the most use to them.
"The executive program is really focused on providing the information in a much more organized and digestible fashion for executives, addressing the issue of what's in the lab today and where is this going in five years," said Diamandis (see video below). "What is the key terminology that (the students) should know about these fields, what are the top ten breakthrough milestones that you should be watching out for, and, ultimately, how are these breakthroughs going to affect you, your company and your industry."
That's obviously a very ambitious mission statement, but for many of the 20 people lucky enough to be taking part in the executive program, Diamandis and his fellow organizers have succeeded in pulling together something very worthwhile, even as it is one of the most intense experiences of their lives.
"It's like taking medical school and boiling down four years into about four days," said Michael Gillam, a physician who runs the health care innovation lab at Microsoft. "That will give you a sense of the sort of depth of the material" covered during the executive session.
From the beginning, SU's founders--futurist and "The Singuality is Near" author Ray Kurzweil; Diamandis; and ex-Yahoo Brickhouse head Salim Ismail--had planned on the institution offering both the longer summer sessions and shorter, three- and nine-day executive programs. In the process of actually putting them together, though, Ismail said, the three-day version got scrapped for simply being too short.
Instead, the executive program's first group of students--20 people of varying ages and professions, half of whom are American and half international--arrived at Ames on Friday having paid the $15,000 fee, each in search of something a little bit different.
Sole focus is on tomorrow
For Gillam, the rationale for taking nine days off from work--he said he'd come on vacation from Microsoft since it would have been impossible to take part in the summer session--was crystal clear: to get a deep dive in the technologies that are coming screaming down the line at us.
"You can go almost anywhere today and hear about historical trends (or a) deep analysis of today," Gillam said. "But there's virtually no place where the sole focus is on tomorrow, and where we are going. That was extremely intriguing and what captured my attention."
For Peter Platzer, a currencies and commodities trader from New York, attending SU was all about having meaningful interactions with the diverse and accomplished group of faculty and staff and to get a better understanding of the kinds of exponential technologies that are being discussed there.
And according to organizers, some of the students, whose numbers include venture capitalists, entrepreneurs, CEOs, and government representatives, even came solely for the chance to meet, and potentially invest with, members of the start-ups that came out of the summer session.
Alumni network
Those potential relationships are possible because one of the things that's already developing at SU is a strong alumni network. That's evident at the executive program in the group of summer session graduates who have returned as faculty assistants--who also happen to be able to sit in on all the deliberations and discussions--and in the number of faculty who themselves have come back for more.
Diamandis said that there's no doubt that SU is fostering an ongoing network that is sure to benefit all who join. For example, he suggested that if, in the future, a graduate wanted to find someone who was a European robotics expert, they would likely be able to find such a person in the SU program. Because the executive program will be repeated in February and again in April, and the nine-week program next summer, there will only be more members of the network as time passes.
And as proof that SU graduates take their membership in that network seriously, Ismail pointed out that though it's only been two months since the summer students graduated, they'd already had a reunion.
To faculty member Dan Barry, a former NASA astronaut--and cast member of CNET News parent company CBS' "Survivor"--the main difference between the summer session students and those in the executive program is that while the former tended to be very smart people at crossroads in their lives and careers, the latter are very established in their respective businesses and are seeing how they can become aware of, and perhaps utilize, the future technologies being discussed.
Still, Barry said he sees more similarities than differences between the two groups. Both, he said, are "interested in technology and the future and are concerned about the state of the planet and the people on it."
For Barry, taking part as part of the faculty has been a refreshing change of course that, thanks to the "potential and excitement (I see) reflected in their eyes," has re-energized him professionally.
"When I talk with other astronauts...about space, we tend to talk about technical things," Barry said. "When I talk (to the students) it helps me to remember...what's spectacular about going to space."
PlayStation 3 users have been able to connect their consoles online to Stanford University's Folding@home project, allowing researchers to tap into the machines' substantial processing power as they study the effects of a process called protein folding on a series of serious diseases.
(Credit: Folding@home)It's a small thing, but Sony got some good news today related to its troubled PlayStation 3 video game console. In fact, the system helped set a new Guinness World Record.
The record was set by Stanford University's Folding@home project, a distributed computing system utilizing PS3s among other computers, to help scientists study the effects of a process called "protein folding" on a series of serious diseases.
Well, Guinness has apparently certified the project as the world's most powerful distributed computing system. According to a release from Sony, Folding@home topped 1 petaflop last month, meaning that it surpassed a thousand trillion floating point operations per second. By comparison, the well-known SETI@home project has topped out, according to Wikipedia, at around 265 teraflops, or 265 trillion floating point operations a second.
What has Sony excited is that it seems that much of the computing power behind Folding@home comes from the excess cycles of many hundreds of thousands of PS3 users' consoles. More than 600,000 PS3 users have signed up to be part of the project, the company says.
Any Guinness record is cool, of course, and Sony is probably very happy to have some good news come out of the PS3 program, since the much-ballyhooed console has struggled in its first year on the market and still finds itself in third place in the next-generation console wars behind Microsoft's Xbox 360 and Nintendo's Wii.
But while those machines may be outselling the PS3, neither can lay claim to a Guinness world record that reflects an attempt to help out with real science.
And though that may not translate into huge sales for Sony, at least it's some great PR spin fodder.
As a Bay Area native steeped in academia--my father is a college professor--I always wanted to believe in the primacy of universities in just about everything.
That's why, for years, I had assumed that the most important factor in the development of Silicon Valley as the world's leading technology center was Stanford. After all, it is located in Palo Alto, Calif., right in the middle of the Valley, and its students and graduates were behind such industry powerhouses as Hewlett-Packard, Yahoo, Google and many others.
Well, as my story, How NASA helped invent Silicon Valley, which is up on News.com today, illustrates, that wasn't quite the case. In fact, while there is no single factor that shaped the region's technology future, the space program was as important as anything.
It turns out, as I report in the story, that the opening, in 1930, of what was then called the Sunnyvale Naval Air Station--a new home to giant airships--and what is now the NASA Ames Research Center, had a huge impact on the Valley.
As the San Jose Mercury Herald put it, in 1931, "Industries allied to aviation will spring up like mushrooms, each bringing its own payroll. It means in short that San Jose and the Bay region are on the threshold of the most glorious era of posterity in their history."
How right they were.
It is true that Stanford, and in particular Frederick Terman, dean of the university's engineering school, were also instrumental in helping bring more and more tech to the area. But ultimately, not as instrumental as I had long thought.
Stay tuned to News.com all this week for our full package on 50 years in space.
- prev
- 1
- next
