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Instead of going to the moon, he should consider mining an asteroid. Apparently, a 100m Fe-rich near-Earth asteroid contains ~$150 billion worth of platinum. Th
by lutorm 16y ago
Instead of going to the moon, he should consider mining an asteroid. Apparently, a 100m Fe-rich near-Earth asteroid contains ~$150 billion worth of platinum. There's at least a potential of ROI.
- orangecat 16y agoLarry is apparently a major advocate of Google's self-driving cars. Done properly, that's worth trillions.
- Daniel14 16y ago"To put that another way, if Google managed to scoop up just 2% of that industry they’d have more than doubled their revenue. With their driverless car project, I think they’ve got a shot of taking a much bigger slice of the pie than that." I'd say it takes more to "do it properly", but I'd recommend reading this nonetheless: http://mattmaroon.com/2011/01/03/google-will-become-an-ai-company/ http://mattmaroon.com/2011/01/03/google-will-become-an-ai-co...
- nostromo 16y agoI can't tell if you're being sarcastic or not. Just to put things in context, the GDP of France is 2 Trillion.
- orangecat 16y agoI'm completely serious. The economic benefits of automated cars are staggering. And I mean trillions in net present value, not trillions in profits per year.
- ebaysucks 16y agoSelf-driving cars would count as very "startup" like in my book, especially if they make it a developer platform.
- algorias 16y ago~$150 billion at its current scarcity-based valuation, you mean.
- patrickk 16y agoVery good point. When the Spanish raided the Americas and took all the gold home, all they succeeded in achieving was massive inflation. History has an important lessons here.
- lutorm 16y agoYes, you wouldn't flood the market, of course. Likely you could only bring it back piece by piece anyway, so it might not be a huge problem.