Recommended Reading: Our Role in a Highly Technical Future

"After Shock" delivers… [Gilder's Daily Prophecy] January 14, 2020 [ARCHIVES]( | [UNSUBSCRIBE]( SHOCKING Update for Anyone Thinking About Investing Right Now… [censored](Now [THIS](ruffled some feathers… In fact, our last video was so controversial we decided to pull it down. We recently posted [an update (and a confession) here…]( But we won’t guarantee [this Controversial Message]( will be up after Thursday morning… [Wall Street won’t like this… click here to learn why they might want it gone for good.]( Recommended Reading: Our Role in a Highly Technical Future [George Gilder]Dear Daily Prophecy Reader, With the declamatory publication of After Shock, the polymathic editor of George Gilder’s Moonshots and multi-patented tech virtuoso John Schroeter has now landed like an astronaut on his personal moon. Inspired by the 50th Anniversary of Alvin Toffler’s Future Shock, Schroeter’s After Shock is a luminous report from his lunar pinnacle. It is a high-voltage tight-wire walk along wild windy cliffs of futurism. It’s also an entrepreneurial feat and literary feast that you cannot miss if you want to keep your footing on the tightropes of investing amid the whiplashing events of the 2020s. An exquisitely designed chrestomathy of the most interesting and original current writing on the future, the book combines scintillating contributions from John himself and a constellation of more than a hundred other futurists, from Carver Mead and Ray Kurzweil to Po Bronson and Vikram Mansharamani. Unlike many such compendia, it contains entrepreneurs such as Moonshot venture financier Naveen Jain, the adman prophet Rohit Bhargava, PC pioneer Michael Tomczyk of Commodore fame and Bill Davidow, a prime mover across many canonical companies in Silicon Valley, from HP to Intel. A Guidebook for Navigating a Changing Tech Climate Davidow declares that we are undergoing a social phase change, where all the rules are transformed by new “equivalences.” Intelligence equivalence, for example, means “smart devices substitute for people.” Spatial equivalence means “large portions of peoples’ lives move into virtual space.” Davidow warns: “Phase changes have side effects. Water flows through pipes but ice not only breaks pipes, it sinks ships. The key to benefiting from the miracles of phase change is discovering new rules, developing new tools, and freeing ourselves from intuitive reactions based on past reactions.” Or as Kurzweil points out, “Technology has always been a double-edged sword. Fire kept us warm, cooked our food, and burned down our houses.” This is a guidebook to navigating the phase changes of the present and impending future. It also offers a multitude of answers befitting the imponderables of its subject. It presents the pungent views of epochal inventor Alan Kay, who did it all at Xerox PARC and now seems sadly seduced by what many scientists (and I) would regard as climate change quackery. It even brings in politicians, such as Toffler pal former House Speaker Newt Gingrich. Also on board for the ride in After Shock are my high-science venture investing colleague Steve Waite and myself. Steve cites Toffler’s important point that “in a world of accelerated change… time horizons must be extended… yet investor time horizons today seem to be shrinking not expanding.” Why is this? I suggest a muddle of governmentally manipulated money is confusing investors and entrepreneurs. As Matt Ridley wrote in The Evolution of Everything: “It is vital that the government’s monopoly on the creation of money be broken.” The incandescence of After Shock demands many daily prophecies, but I will start with the back-jacket, emblazoning my old friend and debating partner Ray Kurzweil’s views on “living in a future where non-biological intelligence grows indefinitely against fixed human intelligence.” #1 Futurist Says: Get Ready for This Global “Reboot” George Gilder has a shocking message for anybody with money in the bank… with a job that pays in dollars… or who carries a smartphone in their pocket. “Brace yourself,” he says, “for [the coming $16.8 trillion global ‘reboot’]( ahead.” It could radically transform the way just about every major corporation does business. It could change the way you get paid, save and invest for retirement. [And, says George, it could make you exceedingly rich — click here to see why.]( Artificial vs. Biological Intelligence In the AI field for 55 years, Kurzweil began at age 14 with MIT’s Marvin Minsky and followed up visiting with Frank Rosenblatt, the inventor of the “Perceptron,” the first artificial neural net. Like many figures in his field, Kurzweil has come to believe that artificial neurons are better than real ones, that silicon “intelligence” is better than carbon brains, and that a “singularity” is near in which computational general intelligence will reign in the universe. We will become dependent on AI prostheses in our minds and nervous systems. I believe that Kurzweil is making a fundamental mistake of categories. I have been studying the science of connectomes. Launched by Olaf Sporns and his team at Indiana University and popularized in the definitive Connectome by neuroscientist Sebastian Seung of MIT, connectomes originated in brain science. But computer and communications engineers will find this model familiar since it repeats in biology the connectivity schematics for both computers and networks of all sizes. In simple terms, a connectome is a detailed map of all the connections in a system. What I found is that to map the connectome of a single human brain requires a zettabyte or so (10 to the 21 bytes). Similarly, you can map the entire internet with a few zettabytes. But the brain functions on 12 to 14 watts of power, while the internet consumes gigawatts. After Shock climaxes with a series of fascinating master classes from the eponymous John M. Smart and his cohorts. He believes that for insights into the future “we should look inward, not outward.” Look to mind not matter. Look forward to a “destiny of density and dematerialization.” As Smart writes, “Each human connectome is the most advanced computational nanotech (physical inner space) and infotech (virtual inner space) that presently exists on Earth.” Smart doesn’t say it, but I conclude that human technology will prevail only when it amplifies this real intelligence. The effort to create computer minds that displace humans is both futile and perverse. Grab that wire of singularity and you will be shocked into submission. Your company will eventually fail. That was Peter Thiel’s conclusion in his masterpiece Zero to One. He is not in After Shock, but his exposition of the limits of computation provides a useful corrective to some of the assumptions of AI. After Shock presents an alternative to existing computers. From the queasy quagmires of quantum computing weaves in IBM Fellow and VP Jay Gambetta, the creator of Qiskit, who has some 90 publications in the field and over 10 thousand citations. While ordinary Turing machines can compute “n” states with “n” bits, quantum computers replace the binary bit with the essentially infinite “qubit.” “With a quantum computer of N qubits, one can now explore an internal quantum space of N^2… Once we are able to simulate molecules with absolute fidelity, we no longer have to make guesses or assumptions about how they will behave…” We’ll be able to model matter at will and invent new materials to spec. “Quantum computers are still in the early stages of development and far from totaling 100 ideal qubits.” Outside the pages of After Shock, Gambetta dismissed Google’s recent shocking claims of “quantum supremacy.” But Trump Administration Chief Technology Officer Mike Kratsios believes it signifies a critical edge against China. I say quantum computing is just another form of analog computation. It relegates the burden to input-output. But back to the future. The Prime Challenge of Technology In After Shock, David Brin writes: “The greatest trick of the enlightenment… has… been the deliberate dispersal of power into units small enough that they might compete and hold each other accountable, while preventing any cabal of cheaters to gain obligate power.” Apart from this almost exact evocation of blockchains, which is a futuristic technology somehow unknown to the futurists here, Brin is expounding the real rules of a prosperous and humane future. The more a technology empowers human minds the more important it is. Human minds are not aggregated in clouds or concentrated in data centers. They are dispersed around the globe. Contrary to Kurzweil, they are not fixed in capability. They are the source of all the capabilities of machines. Enabling them is the prime challenge of technology and the prime rule of successful investment. 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