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TED 2012: Peter Diamandis "Abundance is our future"

TED 2012: Peter Diamandis
Abundance is our future

Peter Diamandis: Abundance is our future

On stage at TED2012, Peter Diamandis makes a case for optimism -- that we'll invent, innovate and create ways to solve the challenges that loom over us. "I'm not saying we don't have our set of problems; we surely do. But ultimately, we knock them down."

Peter Diamandis is the founder of the X Prize Foundation, a nonprofit whose mission is simply "to bring about radical breakthroughs for the benefit of humanity." By offering a big cash prize for a specific accomplishment, the X Prize stimulates competition and excitement around some of the planet's most important goals.

Diamandas' background is in space exploration -- before the X Prize, he ran a company that studied low-cost launching technologies and another company that took civilians on rides into the upper atmosphere. But though the X Prize's first $10 million went to a space-themed challenge, Diamandas' goal now is to extend the prize into health care, social policy, education and many other fields that could use a dose of competitive innovation.

Visit: TED2012 | Peter Diamandis | X Prize Foundation