Don't Underestimate Virtual Reality | Peter Diamandis

Singularity University's Peter Diamandis discusses one way in which virtual reality -- a burgeoning exponential technology -- will disrupt unexpected sectors of culture and society.

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Transcript - Imagine a virtual reality experience where when you go into this virtual reality world everything looks like its real and you can navigate around it and begin to do extraordinary things in this High Fidelity world.

At home you will have yourself 3D scanned down to the millimeter. I then enter into a virtual world and I have an AI there that is my shopping advisor. It says, “Peter, what are you looking for?” And all of a sudden in this virtual world everything I see is in my size, in the colors I want, recommended by this AI. And I can say, you know, I’d love to see a fashion show. On a runway are avatars of me wearing all these different outfits walking by and I can say I want to see that one and that one. And all of a sudden I’m looking in a virtual mirror and I’m wearing that outfit and I can look around, see what it looks like. And I go, “This is it. I want that.” Boom, it’s produced, manufactured to my exact size probably using 3D printing capabilities or robotic capabilities that afternoon in the local factory and delivered the next morning and it fits perfectly.

So that’s the future of the virtual retail store if you would and why I think virtual reality is going to do effectively a hundred fold improvement over what the Amazon experience is today.