It took the internet seven years to reach 100 million users. It took OpenAI’s ChatGPT – the popular AI chatbot – just two months to reach that mark.

It’s seeing the fastest adoption rate for a new technology ever.

And recent reports state that OpenAI’s valuation is now surpassing $80 billion. This shows that financial windfalls are coming for those who invest in the companies building and scaling new AI products.

We’ve seen this play out before.

The internet was born as a place to share information. But then, entrepreneurs revolutionized how we shop, bank, eat, and interact with friends.

With such quick adoption and wide-ranging applications, AI has the potential to be an even more transformative technology. It will impact everything from new medicines to new energy discoveries.

And the government wants to be involved in all aspects of AI’s development. That’s why President Biden just signed an Executive Order that Inside Wall Street editor Nomi Prins describes as “big-AI brother.”

With that order, the White House took a cautious approach to AI, at least on the surface. But as Nomi has shown us, it’s because it doesn’t want to be left behind in this multitrillion-dollar megatrend.

Follow the internet’s example, and you’ll see why.

New Class of Billionaires

Big advances in technology have a way of shifting power… whether that’s through knowledge or money.

At first, the internet was touted as a tool for democratizing information.

Internet-enabled smartphones took it to a new level, with the average person suddenly having access to more information in their hand than the U.S. President had just 30 years ago.

But the internet’s capability jumped way beyond sharing information. Jeff Bezos and Amazon changed how we shop for goods.

Mark Zuckerberg and Jack Dorsey brought our social life to the internet with Facebook and Twitter.

You may have forgotten that Elon Musk made his first fortune with PayPal, which used the internet to transform how we pay for things.

Those are just a few examples of internet billionaires, while companies like Amazon and Google parent Alphabet went on to sport trillion-dollar valuations.

The impact of the internet even helped transform entire economies. Jack Ma and Alibaba helped turn China into a $3.5 trillion e-commerce juggernaut.

All told, the internet economy is estimated at $6.7 trillion globally. And that’s despite its rate of adoption, which was incredibly slow compared to what you’re seeing today with AI.

And that’s why Washington is keeping close tabs on AI.

Steering AI’s Applications

In a nutshell, the internet paved the way for new wealth creation as it touched every aspect of our daily lives.

AI is following a similar path today. Just like the internet, new AI products and applications will create a new class of billionaires. Except this time, it’s happening even faster.

Remember what I said earlier. It took AI just two months to gather the same number of users that took the internet seven years.

And that’s why the government wants to get involved with AI developments.

As Nomi told us after meeting with Congress members and their staffers, there’s a focus on AI on both sides of the aisle. Here’s Nomi with more…

Every leader and staffer I spoke with saw AI’s potential. As well as its rising impact as an area where cybersecurity matters are key.

AI is critical for the Internet of Things (IoT). It also comes into play for grid and energy efficiency.

Representative Joyce Beatty’s (OH) staffer noted AI will impact everything from computers to the agricultural sector.

And Representative Cathy McMorris Rodgers’ (WA) staff underscored the need for AI to protect national security data and large-scale infrastructure.

While all are very different, AI will impact each one in unique ways.

No matter what your views are on Washington… If you know how to follow the breadcrumbs from the legislative process, then you can spot big opportunities in companies that will benefit from Washington’s influence on AI.

And that’s exactly what Nomi uncovered at her market briefing last night, Wall Street and Washington’s Unfair AI Investment Advantage Exposed.

Thousands of your fellow readers tuned in to hear about an AI trend primed for explosive growth. It’s being fast-tracked by the White House, the FDA, and Silicon Valley.

And Nomi pulled back the curtain on a strategy, normally reserved for politicians and the ultra-rich, that you can use to profit as AI really takes off in the years ahead.

If you missed it, you can still catch the replay of Nomi’s briefing right here.

Regards,

Clint Brewer
Analyst, Inside Wall Street with Nomi Prins