"And Lindbergh, the most unlikely guy, pulls it off and becomes massively famous — and opens up aviation, more importantly," Diamandis said.
In 2014, 700 teams submitted their plans for developing Android applications for tablets that could provide children living in extreme poverty with clear lessons on how to read, write, and do basic math.
Musk's XPRIZE competition is for developing learning software for children living in extreme poverty in Tanzania.XPRIZE/YouTubeThe winner will win $10 million to scale its program, and all semifinalists will be open sourced, available to any developers who want to build off them.
XPRIZE has stated that it intends to help the winner reach 250 million children around the world with its winning software.
He said the predicted commercialization of what he and Musk are doing with the Global Learning XPRIZE will be more beneficial than pure charity, in a way.
Not long ago, America's corporate owners and managers made different choices — choices that were better for average Americans and the economy.
By paying good wages, investing in future products, and generating reasonable (not "maximized") profits, American companies in the 1950s and 1960s created value for all of their constituencies, not just one.
Urged on by a vast and hypercompetitive money management industry, American companies now increasingly serve a single constituency — shareholders — while stiffing employees and minimizing investments in future products.
Beyond fairness and decency — the ethical decision to share more of the economic value a company creates with the people who devote their lives to creating it — the profit-maximization obsession also hurts the economy.