Artificial Intelligence: Bigger than Electricity
"When an old man dies, a library burns to the ground."
On a warm spring day in 1977, we surprised our grandparents...
We threw them a 50th wedding anniversary party.
It wasn’t in a fancy catering hall — instead, it was held in our parents' backyard on picnic tables.
There was no gourmet food — we barbequed burgers and hotdogs.
Thinking of the day brings back so many happy memories...
I was especially close to my grandparents.
My grandfather was the most honest man I'd ever known.
And my grandmother had helped me start my career. She'd lent me money that I'd needed to rent a seat on the trading floor.
I always enjoyed listening to stories about their lives and would ask them questions about what life had been like back in the day.
Both of my grandparents were born in Russia. They used to tell me about what their childhood had been like during the reign of Czar Nicholas II.
They weren't happy memories.
As teenagers, they were also active in the Russian revolution of 1917.
And in the early 1920s, they left Russia and came to New York in order to build their lives.
They loved America with all of their hearts. My grandfather would get teary-eyed every time he heard the national anthem.
I'd just gotten my driver's permit, so I volunteered to drive them home. I was looking for any way to get behind the wheel of my dad’s car.
I don’t know how we started the conversation, but I remember asking them, “What's the greatest invention you've seen in your lifetime?”
No Turning Back
My grandfather answered “electricity” with my grandmother nodding her head in agreement.
“You have no idea what it means to have light in the nighttime,” my grandfather said.
“Or be able to keep food cold in a Frigidaire or wash clothes without it taking hours,” my grandmother chimed in.
I'd never really thought much about electricity. It's probably the blessing we take most for granted in our modern lives.
It’s one of those things that you don’t really think about until you don’t have it.
A few months later, the importance of electricity was front and center...
On the night of July 13, 1977, a lighting strike tripped circuit breakers at an electrical substation. New York City had a blackout, and there was no electricity for the next 24 hours.
Since store alarms didn’t work, there was citywide looting.
Many sections of Brooklyn were burned down by arsonists. It took the city more than a decade to recover.
Electricity is like oxygen: You don’t think about it until you don’t have it.
Electricity has changed the world forever. Without it, it would be very difficult for our modern society to exist.
But there's another huge trend taking place right now...
And Andrew Ng, a former chief scientist at Baidu, says, “Just as 100 years ago electricity transformed industry after industry," this new trend will do the same.
Ng was referring to artificial intelligence (AI).
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The Shift Toward AI
The impact of artificial intelligence on labor and productivity is projected to be close to $7 trillion and almost $9 trillion on consumers.
And the total impact of AI is projected to be close to $15.6 trillion over the next 12 years.
That's greater than the GDP of China!
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.
Labor and productivity improvements are projected to be close to $7 trillion alone!
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 faster with diagnoses. 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. So, you're literally only paying for what you’re using.
Bringing it full circle, AI will make sure that 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.
And in 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.
And this is why I’ve compiled everything that I know about it into an exclusive report.
Inside the report, I give you access to all my research, including the name of a company that’s set to be a huge leader in this sector.
The time for you to be part of this life-changing opportunity is here! Take me up on it!
All my best,
Founder, Park Avenue Digest
Charles cut his chops on the trading floor of the New York Futures Exchange before moving 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, compiling an amazing record of success and posting gain after gain for his loyal readers. He is the founder of Park Avenue Investment Club and the Insider Alert newsletters.
Charles is also the author of the highly acclaimed book, Getting Started in Value Investing.