TED stands for "Technology, Entertainment & Design" as is an annual conference held in Long Beach, Californ-eye-ay where boffins and heads from all areas of the aforementioned disciplines gather together to share their knowledge, insight or whatever with their peers, and more recently, the rest of the world.
The 18-minute lecture slots are now available to view online or as podcasts (have a look at the iTunes store) and are pretty damn interesting and frequently enlightening. Topics range widely from technology, architecture, storytelling, statistics, art, psychology... all over the shop, basically. If this doesn't quite sound like your bag, then the conferences also feature musical and comedic contributions, but they have a tendency to meander towards the middle of the road, if you catch my drift.
Basically, this is the sort of shit that the internet exists for; the dissemnination of information, and the free exchange of thoughts and ideas.
Or just a pretty interesting way of wasting time, depending on your point of view.
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