Artificial Intelligence: Resistance Is Futile
By John Persinos
When it comes to the global and pervasive spread of artificial intelligence (AI), I'm reminded of a mantra uttered by The Borg in the Star Trek movies: "Resistance is futile." Sure enough, the biggest profits are made by investing in unstoppable megatrends.
If AI weren't reality, it would seem like a science fiction plot concocted by Trekkies. This disruptive technology is transforming the world just as radically as the iPhone, the personal computer, and the search engine.
AI is certainly no fad. The size of the global AI market was valued at $200 billion in 2023 and it's projected to expand at a compound annual growth rate of 37.3% from 2023 to 2030, according to Grand View Research.
For insights into how AI already is affecting the investment world, I interviewed my colleague Robert Rapier, chief investment strategist of Utility Forecaster, Rapier's Income Accelerator, and Income Forecaster. You can receive all three newsletters by becoming a member of the Platinum Income Alliance (more on that later).
A prolific writer, Robert's articles have appeared in Forbes, The Wall Street Journal, The Washington Post and the Christian Science Monitor. He also has been a featured expert on 60 Minutes and The History Channel.
Before I get to my interview with Robert, we should first get our definitions straight. AI is machine-displayed intelligence that simulates human behavior or thinking and can be applied to solve specific problems. A sub-set of AI is machine learning, which uses algorithms to produce applications that can perform a variety of complex tasks.
An "algorithm" is a set of instructions that tells a computer what to do. AI is a computer system that can learn and make decisions independently.
Whether in factory automation, customer service, or medical research, AI is increasingly a part of mainstream society. AI's uses are expanding exponentially. Startups are fueling innovation in AI; Big Tech already has invaded the industry.
The buzz over AI has driven the overall technology sector higher so far this year, with many AI-related stocks soaring. The tech-heavy NASDAQ has been enjoying a months-long bill market, driven by operating results from large-cap Silicon Valley giants that have made multi-billion-dollar investments in AI.
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