Tuesday , 16 April 2024

The AI Revolution Is Sweeping Across America

Luke Lango, Editor, Hypergrowth Investing says in edited ([ ]) and abridged (…) excerpts from an email received from him today, “the world changed, forever, on November 30th, 2022. We are on the verge of the biggest wealth transfer in history that could create 4 million new millionaires in the next seven years…as the biggest technological revolution since the internet – the AI Revolution – sweeps across America….Take note: we are being presented with the opportunity of a lifetime.

Lango goes on to say, in paraphrased comments:

“On November 30th, 2022, a small tech startup, OpenAI, launched a brand-new conversational chatbot – ChatGPT – and In just five days, ChatGPT amassed 1 million active users, in 40 days, it attracted 40 million users, and in just two months, it surpassed 100 million active users…By comparison, it took TikTok – the most viral social media app of all time –  nine months (or 4.5X as long) to reach 100 million users.

Simply put, the launch of ChatGPT marked the tipping point of the AI Revolution and since then:

  • Microsoft (MSFT) – OpenAI’s biggest investor – has integrated ChatGPT’s technology into its Bing Search Engine, as well as its entire suite of productivity software, including Word, Excel, and PowerPoint.
  • Alphabet (GOOGL) has launched its own ChatGPT competitor, an AI chatbot called Bard.
  • Meta (META) has started work on its own AI chatbot and is looking to use AI to improve its advertising business.
  • Amazon (AMZN) launched a $100 million fund for investing in AI startups.
  • Salesforce (CRM) launched its own AI engine, dubbed Einstein, and created a $500 million fund for AI startups.
  • Nvidia (NVDA) reported the biggest jump in quarterly revenues in the company’s history due to burgeoning demand for AI chips

Before ChatGPT, sophisticated AI wasn’t accessible to Main Street but now it is…” and because the startup isn’t publicly traded I have recently posted articles on TalkMarkets.com entitled – These 10 “Penny” AI Stocks Are Up 51% With Lots Of Room To Run , These 17 Major AI Companies Are Not In A Bubble – At Least Not Yet and Bubble In These 10 AI Stocks Accelerated Last Week –  that identify those AI and AI-related stocks (AI&R) that are currently (and some that surprisingly are not – at least not yet) in a bubble (up over 50% since the bubble began to inflate in late April/early May) and highlights 10 “penny”  AIR stocks for your consideration.

If you would like to invest in the AI sector but are not prepared to do your own due diligence before doing so then consider investing in either the Global X Artificial Intelligence & Technology ETF (AIQ) or The Invesco PHLX Semiconductor ETF (SOXQ):. Click on the ETF symbols for full particulars.