Artificial intelligence (AI) is a world changer, and it's unleashing a tidal wave of wealth that will be unlike anything we've ever seen before...
For you and me, that means a once-in-a-lifetime chance at riding this monster wave of wealth creation.
PwC says AI will contribute more than $15.7 trillion over the next 9 years.1
In less than a decade, we’ll already have a much more flourishing and thriving economy.
That’s 18 times bigger than the market for smartphones, tablets, and PCs… combined!
International Data Corporation (IDC) reports that this revolution will also create 823,734 jobs by the year 2021.
It’ll fuel our economy.2
IDC also says by 2020, it will have saved U.S. businesses a whopping $60 billion!
Heck, it will even save the U.S. government $41 billion or more every single year!
This technology will reshape our future.
And here are a few ways it’ll do that...
AI Is Helping to Protect Your Identity
Over the past six years, identity thieves have stolen more than $100 billion - and more recently, pandemic-related stimulus payments have created lots of new opportunities for scammers.
The Federal Trade Commission (FTC) recently reported that identity theft cases had more than doubled between 2019 and 2020. The FTC also revealed an astonishing 2,920% increase in the number of identity theft cases involving government benefits between 2019 and 2020
But AI is offering a solution. And in this case, it's through something called “deep learning."3
Deep learning is already working to reduce identity theft. It's helping to prevent hackers from stealing your identity.
For example, when you create an online account, you’re asked to choose security questions. These are questions that only you'll know the answers to. This is supposed to help in preventing your account from being compromised.
But that isn’t enough. Hackers find out the answers to your security questions from Facebook and other social media platforms. It’s a pretty easy way for your account to get compromised.
Deep-learning algorithms take protection to a whole new level.
It starts with the computer analyzing mouse-movement data.
And instead of asking for the answer to your security question, you’ll be asked unexpected questions — i.e., “What’s your zodiac sign?”
The hacker will then have to look for the answer, which will take time.
Deep learning can tell fake responses from the real ones by how long it takes for the user to answer the question.
These types of deep-learning algorithms continue to learn and get better each time they're used.
And they're becoming more accurate in learning suspicious behavior.
Deep learning identifies real-time fraudulent charges on the frontline and shuts them down.
This is a technology that every single company with an online presence or online exposure will have — it won't be optional. 16% of ecommerce websites currently use some kind of deep learning algorithm to distinguish humans from machines - and the proportion climbs every year.
So, we're talking about millions of companies across the globe. With that kind of market potential, investing in it is truly a no-brainer...
AI Keeps Getting Smarter
Go is a 2,500-year-old board game that was invented in ancient China.4
The game is played by two players and uses pieces called stones. The object of the game is to surround more territory than your opponent.
The rules are simple, but the game has very complex strategies.
Though computers were able to beat most board games, they had a very difficult time with Go.
AI researchers use board games in developing AI technology because they're complex and challenging.
John McCarthy, who coined the term artificial intelligence in the early 1950s, said chess is the “drosophila" of AI.
He was making reference to how significant early research on the fruit fly was to genetics. Games, such as chess, are the testing ground were researchers test algorithms and ideas.
They want to learn how to apply what they learn to big real-world problems.
It took more than two decades, but AI finally won against chess.
In 1997, IBM’s supercomputer Deep Blue beat the then world chess champion, Garry Kasparov.
In 2011, IBM’s computer Watson competed on the game show Jeopardy and won.
But they were having no such luck with Go.
Go is much more complex than chess. It requires learning very subtle patterns in how the stones lay on the board.
There are more than 10170 (or one followed by 170 zeros) possible positions. That’s more than the number of atoms in the universe. And more than a googol (10100, or one followed by a 100 zeros) times larger than chess.
In May 2017, AlphaGo — a computer program developed by Alphabet’s Google — took on Ke Jie — the world's highest-ranked Go player.
Over three games, AlphaGo dominated the world champ.
This was very big news.
AlphaGo wasn’t just an expert system with a handful of rules. Instead, it used general machine-learning techniques and taught itself how to win.
This was a giant leap forward for AI and deep learning.
Google and Facebook are already using deep learning to identify images, recognize spoken words, and understand natural language.
The impact that it will have on science will be enormous.
Computers will be able to process a large amount of data and learn from it. They might even be able to suggest a way to move forward that could lead to major breakthroughs...
The Shift Toward AI
The impact that artificial intelligence will have on labor and productivity is projected to be close to $7 trillion. The total impact on consumers is projected to be almost $9 trillion.
And the total impact that AI will have is projected to be close to $15.7 trillion over the next 9 years.
That's greater than the GDP of China - all in less than a decade!
AI has already begun changing the ways in which we live, including the ways in which we work...
Manufacturers are using AI to create supply chains that are more efficient. Instead of unexpectedly running out of an item, AI will tell the company what to stock up on beforehand.
Customers will no longer have to go to competitors because of an item being sold out. Instead, AI will make companies more responsive to consumer demands, resulting in higher sales.
The transportation of goods will become faster and more efficient. AI will also make driverless trucks a reality within the next few years. Deliveries will get to their destinations faster, there will be fewer accidents on the road, and there will be higher fuel efficiency.
AI Is Changing Your Life for the Better
Artificial intelligence will have a huge impact on your life and health.
With this new technology, health care will be more accurate and diagnoses will be faster. In addition to catering to a person’s specific needs and treatments, your doctor visits will be more personalized, which will greatly benefit your overall health.
AI technology is already helping you save money. Smart metering gives energy companies real-time information on energy usage. This way, you're literally only paying for what you’re using.
Bringing it full circle, AI will make sure you’re never left in the dark. The technology will create better and more cohesive grid operation, storage, and routine maintenance.
AI won’t be some technology craze — it’ll instead be around for the long haul. And it will make life easier and more efficient.
It’s hard to imagine a life without electricity. Heck, it’s hard to imagine life without a Wi-Fi connection.
But within a few years, you’ll be wondering how you managed to do anything without AI.
This emerging tech will have a lasting effect on your life and your wallet...
The Future Is AI
The companies at the forefront of this wave will do very well.
Two companies that will profit greatly are Facebook (FB) and Oracle Corporation (ORCL).
Facebook is using AI to scan for posts of suicidal thoughts and send mental health resources to the appropriate users.
Oracle is using AI and deep learning across its cloud applications.
Salesforce (CRM) and SAP (SAP) are using AI for big data analytics.
And that's just the tip of the iceberg.
In truth, the largest gains from the AI revolution will not come from bluechips like the stocks listed above - but rather from the relatively small computer engineering firms which develop new AI hardware and software.
Technology and Opportunity editor Keith Kohl has been tracking such companies for years - and his subscribers are already profiting from their successes. Click here to learn more.
1 Read PwC’s full ”Sizing the Prize” report here.