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Apple Co-Founder Predicts Which Company Will Create the Next Big Moonshot (and It's Not Apple)

posted onAugust 21, 2017
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Steve Wozniak knows a thing or two about technological breakthroughs. As co-founder of Apple, "Woz" built the company's first computer, the Apple I, by hand.

Wozniak thinks there's one company today that has the best chance of developing the next moonshot--and it's not his own.

"I think Tesla is on the best direction right now," he said in an interview with Bloomberg on Friday. "They put an awful lot of effort into very risky things," he said.

While the company has recently been moving into the energy sector, Wozniak specifically called out its transportation moonshots. "Ideas of boring underground to get around traffic in big cities, ideas of the Hyperloop to accelerate traffic without having to take airplane flights," he said. "I'm gonna bet on Tesla. So many of these off-the-wall different directions."

Tesla is not directly involved with The Boring Company, the tunnel-digging project Elon Musk began in Los Angeles earlier this year, or with the high-speed Hyperloop rail he first envisioned in 2013. But these innovations tie in well with the self-driving technology Tesla is developing. Wozniak noted that disrupting the way people travel could have a massive world impact.

"Everybody needs transportation," he said. "Everyone knows [self-driving technology] is going to be successful in changing our lives hugely."

Wozniak and Steve Jobs, two former HP employees, co-founded Apple in 1976. Wozniak left Apple in 1985 but retained some of his stock and is now worth an estimated $100 million. He currently serves as chief scientist at Silicon Valley software company Primary Data. Apple's current market cap is $750 billion.

In the interview, the Apple co-founder also said that Tesla benefits from having someone like Musk at the helm, who imagines products that he himself would like to use and then oversees the design process. "It was really built for Elon's own life--what car would he like?" Wozniak said of Tesla's Model S, the first car the company built after going public in 2010. "It fit one person's ideal."

"When thinking comes from yourself, knowing what you want very much in life and being in control of it, not letting everybody get every little aspect in, that's where you get the best products."