Artificial intelligence (AI) may sound like something from a sci-fi movie, but it’s actually been around for decades. Progress so far is already amazing, and looking ahead to where AI will be in 10 years is almost unfathomable.
From the moment you wake up, your personal assistant will be there for you. Ask it to turn on the coffee maker, set the temperature for your shower, change the thermostat, give you a rundown of the weather and traffic, and check whether you need to get gas – or charge your electric vehicle – on the way to the office.
Many of these tasks are already doable in a highly connected smart home, but the next generation of AI will make them the norm.
From an investing standpoint, there will be opportunities in the big tech names – Alphabet (GOOGL), Apple (AAPL), Facebook (FB), Amazon (AMZN), etc. – but the really big money will be made in smaller companies that offer AI and voice recognition software.