A friend logged on to his Fidelity account through work the other day to check on his retirement funds. He reported that everything is normal (as normal as the market gets these days), but he noticed that Fidelity’s “top stock” that day was a company called Innovative Eyewear Inc. (LUCY). He figured, no big deal… he’d never heard of it.
But what sparked his interest was that this no-name company had skyrocketed 235% that day!
Evidently, the company launched eyewear that listens for commands and then connects to ChatGPT inside the glasses. “I am totally freaked out by this,” my friend said. “People are going to be mindless robots soon!”
While that’s not quite true, artificial intelligence (AI) has certainly grabbed its share of headlines – positive and negative – lately. We discussed back in January why I think AI is a megatrend to watch in 2023 I said…
For most of us, AI is both mysterious and terrifying. We aren’t sure how AI might change our world. Will it be for the better? Or will we all end up like the “human batteries” that power society in 1999’s The Matrix?
But I also pointed out…
But this is simply the way innovation goes; we’re all a bit fearful of the changes that will come… until they become an integral part of our lives.
And that’s been evident as AI has soared to the top of most companies’ and traders’ minds over the past six months – so much so, that we’re beginning to enter a period of “AI fatigue.”
But just because the news is slowing down doesn’t mean that the AI megatrend has any less potential.
Here’s why it’s crucial for investors to stay abreast of its developments…
The AI boom is a lot like the dot-com mania in the 90s. Winners like Google made investors a ton of money while losers like Pets.com wiped out millions. But there’s a way to profit from AI’s biggest winner automatically.
For my friend, the apprehension about AI taking over everything is real… and many other folks are just as anxious about it, despite the overarching evidence that it presents a lot of opportunities, both for moneymaking and for furthering the digital age.
But why such a hesitant – or even negative – view? It may have to do with being unable to block AI’s intrusion into your world. You have no control over it; you can’t simply “opt out” of AI. Even if it might actually improve an aspect of your life, losing control is probably intimidating to people…
- Your doctor might use it when diagnosing you…
- Your company might look to reduce overhead by leveraging ChatGPT to write code or copy…
- And autonomous vehicles might drive up next to you at a stoplight.
It will take some adjustment, but we’re already using quite a few forms of AI.
And in fact, AI can actually make us safer… on our devices, the roads, and in our homes – even our health can be enhanced with AI technology.
Regardless, the market doesn’t care about your feelings when it comes to AI… because it’s already charging ahead.
How the AI Money Tree Grew – and Where It’s Going
Back in 2015, Elon Musk, Peter Thiel, Sam Altman, and a few other ultra-successful entrepreneurs used $1 billion of their own money to create Open AI, a non-profit startup focused on researching and developing artificial intelligence.
Nobody paid much attention to it in the years that followed, but once the insiders realized what they had created, they quietly switched changed the status of the company to “for-profit.”
Then, they flipped on the switch in November 2022.
When ChatGPT launched, it marked a seminal moment for AI, much like streaming became Netflix’s moneymaker… or even further back when Netscape had its groundbreaking moment as the first Internet browser.
Investing in either of those technologies produced many millionaires… and I believe AI has the ability to mint billionaires… perhaps even the world’s first trillionaire.
Not for Wall Street power players or billion-dollar hedge funds – but for ordinary folks like you.
You see, as AI continues to blast off, it’s attracting major interest from Fortune 500 companies like Amazon, Microsoft, Google, and Tesla.
And this technology centers on the transformative power of AI – but with a twist…
What if I told you that ChatGPT, NVIDIA, C3.ai, Google, or any of the tech giants are NOT the biggest AI story of 2023?
As I revealed yesterday, my friend’s unique offering has the potential to 11X your money. Without any options, penny stocks, or any gimmicks.
I don’t make claims like this lightly, and to prove to you the 11X potential of this trend, I want you to watch the replay for free.
Editor, Smart Money