Think back to the early 1990s. Most people didn’t understand the internet. It seemed like a niche space useful only to the government and academics.
But as the decade went on, something big happened.
In 1994, a computer services company called Netscape launched a new web browser, Netscape Navigator.
It was easy to use. For the first time, you didn’t need to be a coding master to use a computer. Anyone with a modem could surf the internet.
And it kicked off a revolution.
From 1995 to 1996, the number of internet users went from 39.1 million to 77.1 million. By 2001, it was half a billion. That’s 1,183% growth in just six years.
And that exponential growth has continued in the decades since…
The market implications were just as explosive. When Netscape went public in 1995, it fueled the dot-com boom.
That boom sent the NASDAQ soaring by 500%. Those who spotted the trend early had a chance to amass true wealth.
And today, artificial intelligence (AI) is having its own “Netscape moment.”
Except this time, it’ll be even bigger and more transformative. Because AI isn’t just about a tech platform. It’s about every aspect of our lives.
And as I’ll show you, that’s opening up new profit opportunities.
The Future is Closer Than You Think
In 2020, Elon Musk painted a picture of AI’s near future. He said:
We’re headed toward a situation where AI is vastly smarter than humans, and I think that time frame is less than five years from now.
But before the launch of OpenAI last year, AI was still a mystery to most people. It seemed like science fiction or a distant promise.
OpenAI changed that… just like Netscape changed the internet in the ’90s.
OpenAI’s chatbot – ChatGPT – reached 100 million users in just two months. It beat popular messaging applications such as WhatsApp and Twitter.
Today, thanks to ChatGPT and other chatbots, you can use AI for things we would’ve thought impossible not long ago.
If you like learning languages, AI chatbots can fix your pronunciation and give you instant tips to level up your language skills.
If you love art like I do, you can use AI to make a digital painting.
AI can even help unleash your inner chef by walking you through a recipe using ingredients from your pantry.
And that’s just scratching the surface of its potential. All told, AI is going to be a multitrillion-dollar trend.
And the next big driver will be artificial general intelligence (AGI).
Holy Grail of AI
Think of AGI as the holy grail of AI.
With AGI, a machine can learn, think, and make decisions like a human. It can do what we can but on a new level of scale and efficiency.
It’s why billionaires like Elon Musk, who launched xAI earlier this year, have their sights set on AGI.
But no one is closer to making it a reality right now than OpenAI. That’s thanks to its new project, Q* (pronounced Q-Star).
OpenAI’s goal with Q* is to develop self-sufficient systems. Systems that can handle tasks that only humans can handle right now.
And it’s making progress. For example, Q* can already solve grade-school math problems in a way that AI chatbots can’t.
When it solves math problems, it goes through the same steps as a student would. It thinks them through to find the solution.
This means that Q* can take on assignments that demand a cognitive approach similar to human thinking. This brings us closer to AGI than ever before.
And the investment potential it could unlock is enormous.
PricewaterhouseCoopers estimates that AI will add about $15.7 trillion to the global economy by 2030. But that doesn’t account for recent advancements in AGI.
With AGI, we could be looking at a market worth an additional $10 trillion in the coming years. And that’s a conservative estimate.
Now, that might still be some years away. But you don’t have to wait that long to take advantage of the multitrillion-dollar AI trend.
If you join me on Tuesday, December 12, at 8 p.m. ET, I’ll tell you about an opportunity on my radar that you can get into today.
That’s when I’m holding an urgent market briefing called Wall Street and Washington’s Unfair AI Investment Advantage Exposed.
I’ll show you a rising area of AI primed for explosive growth. It’s a trend that’s being fast-tracked by the White House, the FDA, and Silicon Valley. And I’ll give you details on two ways to play it.
This is a fast-moving situation, so mark your calendar for Tuesday, December 12. And I’ll see you then at 8 p.m. ET sharp.
Regards,
Nomi Prins
Editor, Inside Wall Street with Nomi Prins