60 Years of AI Research Finally Comes to Fruition
The 1 Stock to Invest in for the Future of AI
A meeting in 1956 unleashed a $15.6 trillion windfall...
Born in 1927 in Boston, he was the son of immigrants.
His mother was a Lithuanian-Jewish immigrant, and his father was an Irish immigrant.
The family had to move often during the Great Depression — his father couldn’t find work.
They finally settled in Los Angeles, California, where the boy went to high school.
The boy was exceptionally intelligent. He finished high school within two years. And he then went on to Caltech. His math skills were off the charts.
After getting his degree in mathematics, he went on to get his Ph.D. from Princeton University.
He was John McCarthy. And he went on to change the ways in which we look at computers.
McCarthy coined the term “artificial intelligence” (AI) in 1955.
But it was during the summer of 1956 that AI really began...
He organized a conference at Dartmouth College. It was there that he started AI as a field, and the world would never be the same…
Five of the attendees of the 1956 Dartmouth Summer Research Project on Artificial Intelligence in 2006.
From left to right: Trenchard More, John McCarthy, Marvin Minsky, Oliver Selfridge, and Ray Solomonoff.
Photo by Joseph Mehling '69.
A Pivotal Moment for AI
The Dartmouth Summer Research Project on Artificial Intelligence lasted for six weeks. Essentially, it was an elaborate brainstorming session.
Eleven mathematicians and scientists participated in the project. They spent their time figuring out the basis of how a machine could simulate any (and every) aspect of learning and intelligence.
There wasn’t a specific agenda. Throwing ideas against the wall, they were just hoping to find a few that would stick.
They sat down in Dartmouth’s math department, and someone would lead the discussion about their ideas.
McCarthy’s research focused on making a machine that would be capable of reasoning. In other words, making a machine more… human...
For that to happen, the machine had to do the following:
- Have an abstract thought.
- Have the ability to problem solve.
- Have the capacity to self-improve.
And it’s taken close to 60 years for McCarthy’s ideas to become reality...
In 2015, DeepMind’s AlphaGo was the first computer program to beat a human professional Go player.
Go is one of the most complex games in the world.
Up until this point, a computer could not beat a human.
But in March 2016, AlphaGo did it again. It beat the 18-time world champion, Lee Sedol — not once but four times. AlphaGo won the series 4 to 1.
AlphaGo beat the 18-time world champion, Lee Sedol, who won only one game.
And AlphaGo’s winning streak didn’t end there...
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At the 2017 Future of Go Summit, AlphaGo beat Ke Jie — the world’s No. 1-ranked player at the time. After defeating some of the best Go players in the world, the Chinese Weiqi Association awarded AlphaGo with a professional 9-dan ranking — one of its highest rankings.
Afterwards, DeepMind retired AlphaGo. The company had something even more powerful waiting in the wings...
In October 2017, it introduced AlphaGo Zero.
AlphaGo Zero beat AlphaGo 100 times in a row and didn’t lose a single game.
And it didn’t need to observe humans playing against each other to learn, unlike AlphaGo.
Instead, it started to learn on its own. It started from scratch and had no experts guiding it.
McCarthy’s dream is now a reality: a machine can learn...
AI Is Changing the World
McCarthy had no idea that his brainstorming would one day unleash a breakthrough technology that would change the world.
A technology that’s projected to increase the global economy by $15.6 trillion over the next decade...
And one study reports that AI will be responsible for creating close to 1 million new jobs over the next three years.
One way to take advantage of the huge windfall that’s about to hit global economies is to invest in ETFs.
ROBO Global Robotics & Automation Index ETF (ROBO) would give you exposure to AI. Over time, this ETF should continue going higher from the growth of this exciting new trend.
But the ETF has 29 holdings. Some of the companies should do well, but others will struggle.
That’s why I’ve spent the past six months researching the one stock that will end up grabbing most of the gains in AI.
If these reports indicate anything, it’s that there will be a massive wave of profits coming from AI. And you don’t want to miss the opportunity to get on board.
All my best,
Founder, Park Avenue Digest
Charles cut his chops on the trading floor of the New York Futures Exchange before he moved on to become a wildly successful money manager on Wall Street.
And with more than 35 years of recommending stocks under his belt, Charles has knocked the cover off the ball. He's compiled an amazing record of success and posted gain after gain for his loyal readers. He's the founder of Park Avenue Investment Club and Insider Alert newsletters.
Charles is also the author of the highly acclaimed book Getting Started in Value Investing.