Low-cost gear can make restless people like myself feel marginally happier.
There is no business in the world - I don't care what it is, whether it's I.T. or manufacturing - that does not have what I may refer to as a blended resource base. You have high-end work. You have engineering work. You have some local knowledge you require. Then, you have some very low-cost work to be done.
I think that AI will lead to a low cost and better quality life for millions of people. Like electricity, it's a possibility to build a wonderful society. Also, right now, I don't see a clear path for AI to surpass human-level intelligence.
I did some products for the Apple II, most notably the first small low cost thermal printer, the Silent Type.
Imagine: I got patent rights to the only machine in the world to make low-cost sanitary napkins - a hot-cake product. Anyone with an MBA would immediately accumulate the maximum money. But I did not want to. Why? Because from childhood, I know no human being died because of poverty - everything happens because of ignorance.
It took me eight years of trial and error to design the machines that would make low-cost pads: just Rs 2 each, compared to those made by the MNCs that are priced anywhere above Rs 6 to Rs 100.
Taiwan must find its own way. We have been emphasizing too much the manufacturing business. We have to become more high-tech, more innovative, and provide more value. We can't always insist on the value of low-cost production. We have to invest more in R&D to get high-value business.
If we invest in researching and developing energy technology, we'll do some real good in the long run, rather than just making ourselves feel good today. But climate change is not the only challenge of the 21st century, and for many other global problems we have low-cost, durable solutions.
As governor, I would seek to ensure that Massachusetts has access to a balanced portfolio of low-cost energy that doesn't put us at a competitive disadvantage relative to other states, or put an even heavier burden on working families.
You know, if we're going to bring down the price of gas, you have to have three things. You have to have a big reserve, you have to have the ability to develop oil out of that reserve quickly, and you have to be able to produce oil at a relatively low cost.
