Fabrice Grinda - Serial Entrepreneur & Co-Founder OLX - NOAH13 - YouTube

Basically you know feels like, we live in very difficult times i mean we're?

Non-stop bombarded, by negative news, yes global warming, syrian conflict

Euro debt crisis summing that crisis and if you look at the mood in europe

Today it's basically very morose and the prospects

Seem dire and so the general consensus is actually that things are, bad and the only question is how

Bad are things going to be and

the thing

Is i've great news for you we're actually not

Headed for this dire and negative future the future is wonderful and i want to explain to you, why?

Now before i do that let's take?

a

Step back to the late 1970s where they seemed to mark the end of the world for the

For the western civilization i mean, we vets we'd suffered from two oil shocks

We had sachs latian with unemployment and inflation above 10% and in most of the west

We the shot fallen in iran the us had lost, vietnam the soviet union had invaded

afghanistan and

The club of rome, was making dire announcements we're gonna run out of oil and most natural resources in 40 years so 40 years

Ago, no one predicted that in the next 40 years we'd see democracies across eastern europe latin

America and southern europe that 1 billion people would come out of poverty in in the last 40 years

650 million people came out of poverty, alone in china this, is the greatest creation of wealth in the history of humanity

Completely transforming urban landscapes, we had inflation and unemployment fall dramatically

we we've seen our lives completely revolutionized by

Cell phones tablets the internet computers and if you in and if and if you look

You know under longer a time horizon

Over the last hundred years every few years every sessions over a 20 30 40 years you have greater crises

Like the great depression and yet over a hundred

30 year time frame these events only more marked as blips in a story of unadulterated

Economic growth in fact over the last hundred years you've had

Life expectancy that doubled childhood mortality that divided by 10 you've you've had a gdp per capita on a global

basis multiplied, by three the cost of food

Communications transportation is divided by ten to a factor of a thousand in fact we've actually redefined, what poverty

Means if you think of poverty today in the u.s.

99% of the people of running water and electricity in a toilet ninety-five percent of a television eighty eight percent of a. Cell phone

seventy percent of a car, these are luxuries that were unimaginable to the wealthiest of people 113 years ago we're, also living in

Actually the most peaceful time in history, when you're seeing all the news, about the syrian conflict

You, wouldn't believe it but yet not only in the last hundred, years but at

Any point in history, we have fewer deaths, from war as it ever before

Now, what i'm here to tell you is that this is not something that just happened and it's over these changes are continuing to this

Day now when historians actually look?

Back at the last 10 years and think through what are the most important facts in the last 10 years i don't think they're

Going, to be focusing on the euro crisis or the iran and afghanistan wars in fact it's an amazing rise of africa

We six of the top

10 fastest growing countries in the world in the last ten years have been african, and

The forecast with seven of the top, ten to be in africa

Also, there are many countries like, estonia that are showing the way and how, you can apply

Existing technologies today to transform areas of the economy that i haven't yet been touched, by the technology revolution

especially public services

Education and healthcare in estonia in 2011 24 percent of people voted at the last elections online

93% of people

Pay, their taxes pay their taxes online you can set up a company online in a few minutes all the medical records are online all

The school homework and records are online and this is using existing technology and it's made the state much more efficient now. Beyond that

Entire industries are currently being changed by

Technologies that are currently in the labs or in the early phases of development and i want to tell you what's going to change the

next 10 years in all these industries in

Manufacturing. 3d printing is not only revolutionising prototyping but little

By, little is being integrated in true manufacturing processes to change them wholesale

25% of the output of 3d printers today are ready production ready items and you're seeing its potential as

Well and medicine with as the printing if a mini kidney shows so it looks, like within 10 15 years we're

Gonna, be able to print kidneys based on our own genetic type to avoid rejection issues and basically eliminate completely the

the organ shortage

Medicine is also being revolutionized

Watson which, is the ibm supercomputer that famously won jeopardy?

Is actually already better at diagnosing

Certain types of cancers then doctors are and i make sense the computer doesn't get bored it doesn't get tired

it'll look at every millimeter of an mri or an x-ray and

Granted watson costs twenty three million dollars to build and develop

By, today's twenty three million dollar supercomputer is actually tomorrow is one hundred dollar?

Cell phone we're actually five to ten years away probably actually five years away from having a, star trek type medical tricorder

$100 or multi hundred dollar device that is a smartphone size that it can actually detect most illnesses

Better than a doctor and you can, imagine it-it's going to completely transform the relationship people have with

Doctrines the role of doctors and the role is going to play especially in places like, like, africa

education that's finally

Coming into the computer age you, have schools that are that are

testing basically

gamified

Curriculum in the us where basically the student s curriculum exactly

Add their level with continuous tussling and so they have to be engaged

They, can be talking their neighbors because they're being challenged on a permanent

Basis, and the same time schooling is finally becoming scalable as you have the best professors at

Places the moocs like audacity or coursera with hundreds of thousands of students and and and if you want education is moving

From being a one-time event

Where where you do it and you graduate from college and that said to our lifelong endeavor we're people of all ages sexes

Religions anywhere in the world can basically start accessing, these online courses and keep improving themselves over time on sites like

Khan academy or code academy

transportation is on the verge of revolution, people wouldn't believe that you know 20 30 40 percent of

Trips are going to be completely self driven in the future but the reality is every, year we lose?

121 billion dollars a year in the u.s. To congestion, we have 1.2

Million deaths globally from 50 million accidents so which are causing untold

Economic costs and in an additional cost in human lives and yet we already have the technology

To, actually have completely self-driving cars and the google technology, with radars etc cost about $100,000 for car

But, again, with, moore's law

It's gonna

Be a bit curtis and to the point that within 10 years you know

Most maybe 30 or 40 percent of the trips will be completely self driven even elon musk a

Tesla, announced that he, wants to build a car, within three years and will drive itself and

aren't all automatically within for

90% of the trips now he's somewhat optimistic and hyperbolic so it might be four or five years but

This is inevitable and the technology is already starting to seep through in other in other forms that you're starting to see already

self parking systems and automatic braking systems

communications is completely being revolutionized

It makes a lot of sense for google to be working in google glasses because it looks like

Smartphones will probably disappear you actually already have in the lives brain reading technology, where i can, you can

Recreate, the image that people are seeing from their brain directly in a scanner and that's a day it's low

Resolution you can project your thoughts onto a screen you can actually fly a plane with

Your thoughts, alone but i imagine that 10 years in the future where you have your smart glasses, maybe not with

A screen but with

Like a scanner lasers writing on your retina

Overlaying the image and the information on your traditional visual field and you can actually control them with your thought

Open a web browser set a text message and so you'll have, basically?

Augmented telepathy now this sounds, like singularity, ask or

Inconceivable but remember ten years, ago you didn't have a smartphone you weren't spending all your time, browsing the

Web etc and this is already in the labs and

It's just the next evolution of the if you wanted a smartphone app and the smartphone

ultimately we're probably

gonna

Have, brainy brain i mean technology augmented, brain to brain communication and to you in this you had the first example of it now

That's not in the next 10 years probably in the next 15-20 years

what's making, me maybe the most optimistic, is that revolution, going on in

Energy, and if people were saying that we're

Going to be running out of energy, but the concept is ludicrous every 12 minutes, we get enough energy?

From the sun to power our economy for an entire year the issue is not abundance its accessibility and

Solar if it has been following a slow. Moore's law. Curve where ever it's been

Improving 14 percent a, year for the last 40 years and it looks like he's, gonna continue improving

Like that and so the cost, per watt, went from $70 in the 1970s 74 cents. This, year so we're at

grid parity right now in

Remote places we're. Gonna, be at grid parity in sunny places by 2025 and around the world by 2035 and so that

Means that with, no subsidies with, no government intervention

With nothing we're. Basically going to migrate completely from a carbon-based economy at a solar economy

By the middle of the 21st century, and when that happens you can start wasting energy and when you can start wasting energy

Wonderful things happen the same way that with your. Cell phone you can, waste processor cycles and you can throw. You know birds at pigs

All sudden things, like, water shortages go, away, because you can?

Desalinate sold water and so you can have unlimited fresh water and so the concept of water wars makes, no sense especially given then

We have 70% of this earth is covered with, water at the same time food shortages go, away

Because you can start using that water to grow

Crops in the desert and so basically you know, where we're living extraordinary times and we're very

Privileged here as entrepreneurs and as investors to actually be making this world of tomorrow

a world of equality of opportunity and of plenty

thank you

you