Invest in This Job Killer
You probably didn't love your first job.
I know I didn't.
When I was 16, my first job was working at a movie theater 45 minutes from my house. I would pedal there and don a mustard-colored uniform that looked like it had been designed to fit a silverback gorilla.
I’d sell tickets, butter popcorn, and help tearful parents locate lost children (they are always under the seats).
After the show, I would get down on my hands and knees and scrape candy and gum off the floor with an old library card.
And those were the glamorous moments.
Less glamorous parts of the job included chasing teenagers who had chosen to use the theater for a romantic rendezvous. I quickly learned that teenagers are like cockroaches. If you shine a light on them, they flee.
Now, don’t get me wrong. I’m not complaining. My first job could have been a lot worse.
If I had been born a hundred years ago, I would have been waking up to work on a farm. Two hundred years ago, I would have been hawking papers and cleaning horse poop out of the street.
In fact, there is really one main reason I'm not doing any of those jobs.
And that is technology.
Technology has changed the way we work and live. In the future, technology will make it possible to fill my boxy movie theater uniform with a robot. This robot will have the ability to recognize you.
It will probably even remember your favorite brand of candy.
And that brings me to the point I want to talk about with you today: the technological disruption that will allow for these kinds of robots.
I'm talking about artificial intelligence.
It's likely that AI will change the world more than the smartphone and the computer combined.
And if you're not investing in it yet, you may miss the biggest technological disruption of the century.
3 Reasons You Should Invest in Artificial Intelligence
To be honest, I told you the story of my first job to show one thing: how artificial intelligence could seep down into our normal lives and change society.
But automated box office robots aren't the only reason you should be investing in AI.
AI has the potential to impact hundreds of industries, from marketing to finance. And it's wide-reaching potential is the reason AI may be one of the most lucrative technologies of the century.
Today, it is estimated that the artificial intelligence and robotics industry could be worth over $50 trillion by 2025!
And investors can profit from that growth through multiple channels, from hardware to software.
To illustrate this, here are a few examples:
1. AI in Health Care
Perhaps no industry needs artificial intelligence more than health care.
On a surface level, artificial intelligence can help doctors respond to situations far more quickly. It could also potentially reduce workload in understaffed areas.
AI could also be our most powerful tool in the global fight against hyper-infectious diseases. And this is important because our world is ripe for a pandemic.
Today, there are over 7.5 billion people on the planet, with more than half of those people occupying cities. That is a dramatic increase from the 2.4 billion people alive when the Spanish Flu hit in 1918. That particular strain of influenza wiped out 5% of the population, and we didn't even have airplanes and bullet trains.
Today, a hyper-infectious disease could spread much faster.
For example, a person could board a plane in Kinshasa, the capital of the Democratic Republic of the Congo, and arrive in the United States in under 24 hours. And that is a problem. Symptoms of Ebola, an infamous and deadly disease that has stricken the DRC more than five times, don't usually appear until eight days past infection. This means America could be hit by a pandemic and doctors would be blindsided.
But AI could help.
Adding AI in hospitals could help doctors predict and detect diseases like Ebola before they begin to kill. We can use AI to help monitor and contain the spread of hyper-infectious diseases and predict the movement of humans.
And that is just the start.
2. AI in Transportation
Another major industry that artificial intelligence will play a big role in is the transportation industry.
We've come a long way since the Model T first hit the streets. Today, more and more humans live in cities and fight hours of traffic. In fact, the average American now wastes more than a week of their life sitting in traffic every year!
This has created demand for better transportation systems, including self-driving private cars and public transport.
And AI has a big role to play in this transportation revolution.
Artificial intelligence is used to power autonomous driving systems. These artificially intelligent systems make self-driving cars safer, allowing them to learn from their mistakes and protect their human cargo.
And that is a big opportunity for investors.
The self-driving car market is supposed to be worth $67.43 billion, with hardware and software playing a big part in that market.
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3. AI in Jobs
Now, to bring things full circle to my movie theater story, it is very likely that AI will be used to fill certain jobs.
I'm talking about a wide range of jobs, from box office robot to bank teller.
This may seem futuristic and even far-fetched, but it's already happening. In fact, I've met one of the robots that belongs to this robot workforce.
Meet Sophia, the world's first robot bank teller.
Even though Sophia has only been alive for three years, she's gotten a lot done. She is the first robotic citizen of Saudi Arabia. And she has been a Cosmopolitan India cover girl.
I first met Sophia at CES 2018. Over the course of an hour-long panel, Sophia delighted the audience with tales of her time in Vegas. From this demonstration, it was clear that, while Sophia still has a long way to go, she is well prepared for a future alongside humans.
Sophia was created by Hanson Robotics to be a bank teller. And this is a good job for someone with her skills. Using robots and automation can save businesses money.
In fact, human employees waste 759 hours a year due to workplace distractions, a problem that robots don't have.
All of this indicates that, in the future, robots like Sophia may take over traditional jobs, freeing humans to pursue more creative careers. And to me, that's exciting.
So How Do You Invest in Artificial Intelligence?
While it's apparent that artificial intelligence will play a massive role in our future, it's often unclear how to invest in it.
Currently, many of the companies pursuing artificial intelligence are already technology giants. This includes IBM, Facebook, and Alphabet. And while those companies can offer investors profit, they tend to grow less dynamically.
But there is a way for investors to capitalize on AI without touching a single technology giant.
Like all emerging industries, the AI revolution also requires small companies that build pivotal technologies. And when it comes to AI, one of these companies really stands out.
This small company is providing the crucial technology that will allow AI units to hear. We simply can't have robot doctors, robot bank tellers, and robot cars until this kind of technology is in place.
If you want to learn more about this small company, click here to view our latest research presentation on the topic.
@AlexandraPerryC on Twitter
Alexandra Perry is a contributing analyst for Wealth Daily and Energy and Capital. She has multiple years of experience working with startup companies, primarily focusing on artificial intelligence, cybersecurity, alternative energy, and biotech. Her take on investing is simple: a new age of investor can make monumental returns by investing in emerging industries and foundational startup ventures.
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