AI shrinks time…
That’s the message I delivered at a Brownstone Research meeting this week in South Florida.
I was there to pitch some of the big ideas I have for profiting from the AI revolution.
And as I told them, understanding how the AI boom will play out all comes down to time.
Time is our most valuable resource. And AI shrinks the amount of time it takes to do things.
I’ll give you an example from my life…
It took me three years to learn how to code. I spent hours watching YouTube tutorials. I read books. I attended classes.
Today, if I want to make a website, I tell ChatGPT to do it. And it’s the same result.
AI is also speeding up the pace of education.
I have a six-year-old son. Normally, to learn to write essays he’d first have to learn spelling and handwriting. He’d need to take grammar classes in school. And then he’d need years of practice to get to a high level.
Now, he can write as well as someone in college. He just has to instruct his AI on what to write about, and it will do it for him.
And if my son wants to take his essay and publish it on his own personal website, he can tell his AI what he wants, and it will do it for him.
We’re also seeing AI speed up the drug discovery process. It used to take a human PhD candidate the full length of their PhD – about four to five years – to predict how a protein will fold into a 3D structure.
The shape of a protein determines what it does in our body. So, this is key to the drug discovery process.
In 2021, an AI from Google’s DeepMind division predicted the 3D structures of almost every known protein – about 200 million in all.
And when you shrink the time it takes us to do things, you increase productivity.
Workers’ output in the economy increases for every hour they work. This, in turn, boosts GDP.
That’s why it drives me crazy when I hear folks claiming AI is going to be a job destroyer.
AI won’t throw people out of work en masse. By shrinking the time it takes us to do things, it will kick off a productivity-led boom the likes of which we haven’t seen since the 1940s and 1950s.
And it will be a net creator of jobs.
We’re already seeing software developers get a lot more efficient.
For instance, the AI copilot at the software development platform GitHub is helping programmers code 55% faster.
Meantime, Adobe’s AI, Firefly, allows anyone to edit images and create art without having to learn complicated commands.
And if you want to put together content for a business… or create a logo… ChatGPT and the image-generating AI DALL-E have you covered.
That brings me to the other prediction I made in South Florida.
AI is going to allow folks in backbreaking… or mind-numbing… working-class jobs to get a knowledge-based job.
They no longer have to pay for an expensive university or online course to build new skill sets. As long as they have access to the internet and a generative AI system, they can learn whatever they want.
AI will take people out of jobs they don’t want to be in. And it will allow them to pursue jobs they’re passionate about.
Amazon and Walmart are already investing in automation to fill these roles across their warehouses and stores. This trend will force them to speed up that process.
Friends, we’re lucky to be alive at the dawn of this new paradigm. Millions of Americans will be able to lift themselves up thanks to the power of AI.
Even better, you can profit from this trend.
In my Near Future Report and Exponential Tech Investor advisories, I’ve been recommending companies to profit from the AI revolution.
These include hardware companies that make the chips to power AI… software companies designing AI applications… and companies that are bringing AI to the masses.
We’ll have even more opportunities in the months ahead as AI enables even better robotics and automation to replace the kinds of jobs people don’t want.
If you’re not already a subscriber, the next best option is to buy shares in something like the iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
It holds shares in 127 companies at the forefront of robotics and AI innovation. And it charges 0.47% a year in fees.
And stay tuned for more from me next week in these pages. I’ll be sharing with you more of the ideas about profiting from AI that I shared with my publisher behind closed doors this week…
Regards,
Colin Tedards
Editor, The Bleeding Edge
The Bleeding Edge is the only free newsletter that delivers daily insights and information from the high-tech world as well as topics and trends relevant to investments.
The Bleeding Edge is the only free newsletter that delivers daily insights and information from the high-tech world as well as topics and trends relevant to investments.
