Editor’s Note: Regular readers know Jeff Brown as Bill’s go-to technology analyst. As a former tech executive with 26 years of experience, Jeff has an inside track on the fastest-moving trends before they hit the mainstream. He’s the man who successfully pinpointed the No. 1 S&P 500 stocks of 2016 and 2018.

With that kind of track record, it pays to listen to Jeff. That’s why we’re sharing tonight’s special evening edition of Bill Bonner’s Diary.

It might not be our usual beat here at the Diary, but Jeff believes this technology is on the verge of mass adoption. And if you are interested in making money on tech stocks, it needs to be on your radar…

It was the 1933 World’s Fair.

And America got its first glimpse of the “House of Tomorrow.”

The exhibit was the vision of Chicago architect George Fred Keck. At a time when many people were still living in sparse, wooden homes, Keck created a flowing, open home with “curtain walls of glass.”

The model home also featured some very futuristic pieces of technology. It had a dishwasher, an “iceless” refrigerator, air conditioning, and even a passive form of solar energy that could be used to heat water.

There was also a hangar where you could store your private plane…

The exhibit was a hit. Popular Mechanics wrote, “In comparison with the average house, this structure is as remarkable for the ordinary features it lacks as for the ex­traordinary ones it possesses.”

A Vision of the Future From the Past


Source: Chicago History Museum

More than a million people paid 10 cents to take a tour of the House of Tomorrow and see what the dwellings of the future might look like.

Keep in mind, this was during the depths of the Great Depression. The optimistic vision of the future must have been remarkable.

Fast-forward nearly 100 years, and we know that many of Keck’s visions came true: glass walls… air conditioning… even solar power. These are all common­place in today’s homes.

Today, I believe we’re on the verge of witnessing a second “House of Tomorrow.” The technology that will power these radical transformations: artificial intelligence (AI).

AI is the most disruptive technology today by far. And for investors who pay attention, it could mean outsized investment returns…

Siri on Steroids

Ask yourself this: How much time do you spend every week making appointments or managing your calendar? If you’re like me, these small tasks add up. And they distract you from more productive work. But that’s all about to change.

In the “House of Tomorrow,” you’ll have a digital assistant take care of these tasks on your behalf.

Restaurant reservations… doctor and dentist appointments… ordering flowers for a spouse or gifts for the children and grandchildren… dealing with insurance companies… scheduling oil changes…

You name it.

Amazon’s Alexa and Apple’s Siri are early iterations of this technology. But these AIs can only perform simple tasks like playing music or setting alarms. In the near future, the tasks will become far more complex.

As an example, Duplex is Google’s bleeding-edge AI that can carry phone conversations just like a human. And the technology is incredible. The AI sounds just like a person… including quirky mannerisms like “um” and “mm-hmm.”

You can watch Google Duplex schedule two appointments by going here. The first appointment is for a haircut at a local salon. The second is for a restaurant reservation, and the AI had to communicate with somebody who had a heavy accent.

In both cases, Duplex handled the calls flawlessly.

It’s Siri on steroids, in other words…

There’s no other way to say it… It’s impressive.

It’s so good that it’s not a stretch to imagine widespread use of this technology.

Imagine it’s Mother’s Day. Imagine saying, “Google Assistant, please send flowers to my mother on Sunday. She likes roses. The budget is $70.” And then the AI takes care of it… just like that.

And this technology isn’t decades in the future. It’s here right now.

At writing, anyone can use this technology to schedule appointments in 48 states. And Google expects to roll out support in all 50 states soon. It’s just a matter of complying with local laws and regulations.

And Google just announced that the new version of its AI will be 10 times faster than the first.

Better yet, the new Google Assistant can run at the “edge” of the network. In other words, it doesn’t have to connect to Google’s network every time it gets a request. It can process requests itself.

And AI is not just becoming commonplace in the home. It’s also becoming essential in business.

How AI Transforms Business

According to a November 2018 survey from McKinsey & Company, 47% of surveyed businesses said they had begun implementing AI into their business. In 2017, that figure was only 20%.

And according to a recent study by MIT’s Sloan Management Review, 85% of companies think AI will offer a competitive advantage.

There will come a time soon that AI won’t just be advantageous to companies – it’ll be a necessity. In the next few years, a company that fails to adopt AI into its business model would be akin to a company that doesn’t use the internet today. It will become obsolete.

You get an idea of how essential this technology is by looking at the levels of acquisitions for AI and ML (machine learning) companies…

In 2018, we saw 241 individual acquisitions of AI/ML companies. That’s a 38% increase compared to 2017 and an increase of nearly 364% since 2015.

This is a strong indication of activity because this is a relatively new industry. There just aren’t that many large, well-established AI companies around to acquire. Most of the activity is in smaller early-stage companies that haven’t reached anywhere near $1 billion-plus valuations.

That means that incumbent technology companies that want access to AI technology and teams of engineers must go out and acquire these smaller companies.

All told, the revenue from the AI market was estimated to be $9.5 billion in 2018. But that figure is expected to grow to $89.8 billion by 2025. That’s a compound annual growth rate of 38%.

We have reached an inflection point with this technology. We are on the cusp of explosive growth. Few realize it, but in a matter of a few years, AI will be as commonplace as the internet. We’ll look back and wonder how we got along without it.

AI won’t just improve today’s technology. It will reinvent it.

Regards,

Jeff Brown
Editor, Exponential Tech Investor

P.S. Tonight, at 8 p.m. ET, I’m making four bold predictions about our tech future.

You see, I believe we’re at an inflection point. In the next few years, technologies like genetic editing, artificial intelligence, and augmented reality will change our world and our lives in ways we can’t imagine. Of course, investors stand to make a small fortune. I’ll tell you everything you need to know tomorrow night.

Plus, I’ll share details of four tech companies involved in these technologies. And I’ll even give you the name of one of these tech companies – live on camera.

You don’t want to miss it. Reserve your spot for free right here.

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