Not since the steam engine has any invention disrupted business models like the Internet. Whole industries including music distribution, yellow-pages directories, landline telephones, and fax machines have been radically reordered by the digital revolution.
The key thing about all the world's big problems is that they have to be dealt with collectively. If we don't get collectively smarter, we're doomed.
The digital revolution is far more significant than the invention of writing or even of printing.
I mean, this whole digital revolution is really eroding the director's importance on a movie because, number one, just from a practical standpoint, with floppy disks and the ability to put all of the film onto a disk, more people have access to the movie.
Because of the rush of human knowledge, because of the digital revolution, I have a voice, and I do not need to scream.
India lives in several centuries at the same time. Every night outside my house I pass a road gang of emaciated laborers digging a trench to lay fiber optic cables to speed up digital revolution. They work by the light of a few candles.
When you brought the digital revolution in, all of a sudden, you could build a country like Singapore and take that country, which had the income per capita of Ghana in 1965, and make it something similar to the United States in one generation.
There's always a question when you invest. Are you too early, are you too late, or are you just right? And there was a lot of hype about life sciences, around the sequencing of the human genome and a lot of people concluded that's not really there. But by the way, there was a lot of hype around the digital revolution just about the time of 2000 and the human genome, and it turns out that some of the world's biggest, most powerful companies are the survivors post that crash.
The digital revolution has changed the way we do things because you're not under that pressure that film is precious and film is expensive.
The digital revolution is almost as disruptive to the traditional media business as electricity was to the candle business.