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A New University For Today's Tough Times

If there's anything CEOs need right now, it's more education about how to deal with the unprecedented changes that are occurring in the world.

This week, a new university was formed to do that: The Singularity University.

It derives its name from Dr. Ray Kurzweil's book "The Singularity is Near." The term "Singularity" refers to the unprecedented advancement caused by biotechnology, nanotechnology, artificial intelligence, robotics and genetics.

These technologies are interacting with each other and changing the world. They are the foundation of most of the advances mankind will make in the coming decades.

Mankind is facing a lot of serious problems, and these technologies will go a long way toward solving them.

But they are complicated; we need a critical mass of people who understand the technologies and can interact with each other to create new synergies, new ideas, and new companies.

That's what the University is going to try to do.

It was co-founded by Dr. Ray Kurzweil and Dr. Peter Diamandis. Dr. Diamandis is the Founder and Chairman of the X-Prize Foundation and has been on CNBC several times.

The University will begin in earnest this fall, with 3- and 10-day Executive Programs and a 9-week Graduate Program. It is located on the NASA Ames campus in Silicon Valley.

Dr. Diamandis says that these programs will involve intensive study of the exponential growth of technologies, and create a place where the biggest problems--hunger, poverty, climate change, and energy--could be looked at from an interdisciplinary approach.

He insists that the goal is not just to create intellectual ferment, but also to find partners to start new companies. The people who support the University--venture capital funds, corporate sponsors--will have the first chance to recruit the talent, invest in the companies and set the agenda for the design projects.

And who is the first to support them? Google. They are the Corporate Founder.

Smart move.

Read here for an introduction

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  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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