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The 21st century will probably be an even more exciting time to be alive than anything our species has witnessed before. We are on the cusp of a new era, where artificial intelligence will play a major role in shaping the future: We are about to witness the next economic revolution!

As businesses and economies around the world start to adapt and transform, its important to make sure youre prepared and aligned to profit for whats to come.

In my opinion, one of the best ways to do so is by at least building some investment exposure in artificial intelligence!

Lets deep dive into the next $1 trillion industry!

Artificial intelligence (AI) is set to revolutionize the future of economic development, allowing businesses to leverage unprecedented capabilities and streamline processes in an ever-changing landscape.

Its the new frontier and the next big economic revolution!

While many economists are worried about greenflation, onshoring, and other inflationary problems, unleashing artificial intelligence and robotics could be the next building block to keep the former in check and most likely add more productivity gains as those gone lost.

The big issue though will be:

Who is set to profit from whats to come?

Hoping for humanity to move in the right direction here, workers who learn to use AI to improve their own productivity are set to gain the most, second should be those who own the new winners and invest in the future.

You see, I dont believe our workforce will be replaced by AI, but I believe the current workforce will be slowly replaced by a workforce that understands how to make use of AI.

Its like a new machine, a tool, a hammer, or an engine: Those who know how to use them will improve their worth and productivity multifold going forward.

Its time to invest into the potential of AI by learning more about it, securing some ownership of promising ventures, the industry as a whole, and skilling yourself up!

Invest In Artificial Intelligence to unlock unprecedented opportunities and secure a market advantage in the 21st-century economy.

Artificial intelligence is set to revolutionize the way we live and work.

It is NOT to be ignored as it changes everything.

By investing some time to learn and leveraging its power, you could potentially unlock unprecedented opportunities and secure a market advantage in future economic growth.

As mentioned above, the best way to benefit from this new economy is by investing in AI technologies and companies that are going to help drive innovation and efficiency, so lets explore this field a bit more.

As an investor you got several options to get invested, you can review a few listed companies and try your luck, or you can invest in much broader diversified ETFs in artificial intelligence and/ or robotics. The most important point here is to be clear about whether or not to diversify!

Every time a new industry is growing, there will be hundreds if not thousands of contestants trying to make it, a large part of these will disappear again and in the end, some new players or even old players will emerge as winners of new technologies.

As an investor one got to be hyper-clear on this as you may have to think if you want to diversify or di-worsify. While diversification works for economies as a whole, your AI/ robo ETF position would still be a concentrated exposure in this niche field, hence, youd also be holding all the losers. And yes, you will also hold the potential winners!

When buying single stocks, you may be lucky to pick the right company, or you may face a total wipeout by investing in the wrong guys.

Diversify or di-worsify, theres a very fine line between the two!

Most importantly: Know what and why you are doing one or the other!!!

Without a doubt, as expenditure for AI solutions is growing at almost 30% year over year since 2019 (from $30bn to now close to $100bn in 2023), its highly interesting to own a piece of the action!

Did you know there are already more than 65 AI companies valued in excess of $1 billion?

So, how you can get your foot into this as investor?

There are three ways:

The right choice here is also up to you and how much time and effort youre willing to spend on researching and identifying the market.

The less time and expertise you bring with you, the more I tend towards diversification and/ or delegation while vice versa you might be finding great opportunities in this market by bringing up the right time and effort here!

Lets have a look.

There are several AI/ Robo ETFs already available to retail investors, with more being added all the time. This is a great way to get exposure to the market without having to do too much research.

All you need is an online broker and some money to get started.

Some of the most popular ETFs are: BOTZ, ROBO, IRBO, ROBT

BOTZ, the Global X Robotics & Artificial Intelligence ETF, got established back in 2016 and is a fund that invests in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence. This may include companies working in industrial robotics, automation, non-industrial robots, and autonomous vehicles.

ROBO, the ROBO Global Robotics and Automation Index ETF is focused on companies driving transformative innovations in robotics, automation, and artificial intelligence. It invests in companies that are mainly focused on AI, but also ventures into cloud computing and other technology companies.

IRBO, the iShares Robotics and Artificial Intelligence ETF aims to track the results of an index of developed and emerging market companies that might benefit from long-term opportunities in robotics companies and artificial intelligence.

ROBT, or First Trust Nasdaq Artificial Intelligence and Robotics ETF is more of an index tracking ETF as it seeks to track the Nasdaq CTA Artificial and Robotics Index made up of companies engaged in artificial intelligence and robotics in technology, industrials, and other sectors.

Disclaimer:

Please take note to do your own research and dont simply put all your savings into one of these funds, you may consider this niche as a tactical/ opportunistic satellite investment. Beware to get your asset allocation right and look for professional support in case of doubt!

While identifying and picking single stocks is the more difficult route to go about this, it might be the more rewarding route for investors willing to invest their time and do their homework.

The best opportunities await those who embrace ongoing learning!

However, I would not recommend this route for less experienced investors though as it requires not only more time but also a must deeper understanding of equity markets and a willingness to take action in a fast manner every once in a while.

Most recently Ive screened through a few tickers for this reason, a great way to go about it is to download the holdings/ position overview of the abovementioned ETFs and see what has been added and/ or decommissioned most recently.

While doing it this way will not give you a cutting-edge advantage and it comes with some delays, it will still give you some color about whats going on and what professional investors are doing! At least, you can learn something from doing this.

Ive found many interesting investing ideas by looking at holding lists of thematic ETFs and/ or mutual funds before. As for single stocks on AI/ robotics, let me share a non-conclusive (and static!) list of 20 stocks. Please dont take this simply as a buy-list or investing advice, do your own research and beware that things can change going forward.

IRBT (iRobot, the leading robotic and home innovation firm)

MSFT (Microsoft, a leading global software company, ChatGPT anyone?)

GOOG (Google says it all the leading global search platform)

TSLA (Tesla, the leading global autonomous driving software)

LMND (Lemonade, AI driven insurance provider)

AI (C3.AI, hey, the ticker is AI duh!)

NVDA (NVIDIA is a leading graphics and computing company)

AMZN (Amazon, the leading online shop powerhouse)

VERI (AI software and machine learning company)

IBM (IBM is still a relevant player, software, solution and consulting company)

MU (Micron, Memory and storage production leader)

SNOW (Snowflake Inc., international cloud-based data platform)

EPAM (EPAM Systems provides digital platform and software development services)

AMAT (Applied Materials provider of manufacturing equipment, services, and software to the semiconductor, display, and related industries)

ACN (Accenture provides strategy and consulting services globally)

META (Facebook, still one of the social media leaders, restructuring for a brighter future)

NOW (ServiceNow offers automation cloud computing solutions worldwide)

S (SentinelOne operates as an international cybersecurity provider)

AYX (Alteryx provides analytic process automation business solutions)

BIDU (Baidu offers search services mainly in China)

So, there you have it!

If youre one of those daring investors, I would suggest that you look into the fundamentals, business ideas and plans of these companies and do your own research before investing.

And dont forget to leverage professional advice where appropriate, you may book me on the DDI Chat for personal finance and wealth management sessions directly here:

Last but not least, you can also invest into the future using AI as your tool of choice.

However, be careful not to delegate everything to the bots just quite yet, but theres nothing wrong exploring some service providers who have developed amazing tools to navitage markets as a SaS provider:

For instance, there are a few of these service providers who focus on using AI to assess the content and sentiment of news & articles around publicly traded companies, helping investors make decisions based off data-driven signals.

You can also find some services that specialize in backtesting trading strategies to simulate how they would have performed over a certain period. If youre into algorithmic trading, this might be an interesting route to explore.

Finally, there are some providers of robo-advisory services, which automate the selection of investments and portfolio management processes for clients who dont feel comfortable managing their own assets. This could be another great way to leverage artificial intelligence in your investing journey.

Overall, AI is a great tool to help investors uncover new insights and make better decisions.

It can be an incredibly powerful way to invest in the future!

Just remember that no investment should ever be made without conducting due diligence first or talking to a professional first.

As long as you do your homework, there are plenty of potential rewards waiting for you!

One thing is sure, those who understand and make use of AI will be the ones to gain the most out of this opportunity.

From early adopters, innovators, investors and entrepreneurs, everyone will have an equal chance to create their own success stories in the new AI economy.

By investing in the right companies and taking advantage of AI-driven services, it is possible to reap greater returns while mitigating risk.

With the right strategies and tools, you can create a portfolio that will stand the test of time and provide you with financial security in the years ahead.

So, if youre looking for ways to invest in the future, consider AI as an option. Theres no harm to explore new tools to empower yourself further.

Stay informed, educated, profitable, and happy investing!

Matt

Originally posted here:
Invest In Artificial Intelligence To Profit From the 21st-Century Economy - DataDrivenInvestor

The emergence of tools like ChatGPT has demonstrated the tremendous business potential for artificial intelligence. At the same time, businesses need to be aware of the growing patchwork of laws and regulations in the U.S. and EU governing the development and use of AI. In this webinar, Ballard Spahr privacy & data security lawyers Phil Yannella, Greg Szewczyk, John Kerkorian and Tim Dickens will provide an overview of the current regulatory landscape for AI in the U.S. and EU and identify some best practices for businesses to Seemore+

The emergence of tools like ChatGPT has demonstrated the tremendous business potential for artificial intelligence. At the same time, businesses need to be aware of the growing patchwork of laws and regulations in the U.S. and EU governing the development and use of AI. In this webinar, Ballard Spahr privacy & data security lawyers Phil Yannella, Greg Szewczyk, John Kerkorian and Tim Dickens will provide an overview of the current regulatory landscape for AI in the U.S. and EU and identify some best practices for businesses to employ as they consider use of AI tools. Seeless-

Originally posted here:
Webinar Recording - Artificial Intelligence An Overview of the U.S. ... - JD Supra

Images generated by artificial intelligence of public figures such as Pope Francis and President Trump have taken the internet by storm in recent days, and the results make clear that passing off such creations as genuine photos is no longer the stuff of science fiction or hyperbole.

Over the weekend, an image of his holiness repping a white Balenciaga puffer coat lit the internet on fire, with Twitter users quipping over the name of a papal lifestyle brand and sharing other famous images of his holiness.

The photo, though, was a fake. It was generated by the latest version of the AI Midjourney, which can now be used by anyone to generate photorealistic images.

Some users have replicated the viral image, or created similar images, with their own prompts, often ordering the AI to recreate images in the style of an Associated Press photo or dictating the sort of camera settings for the AI to replicate.

Last week, with the country awaiting a potential presidential indictment, there was an eruption of AI-generated images of Mr. Trump being arrested and wrestled to the ground by New York City police officers. While all of these images were known to be fake from the outset, social media facilitated their rapid sharing, not always including the context that they were fakes.

The creator of some of these artificially generated images, the founder of the outlet Bellingcat, Eliot Higgins, was later locked out of the Midjourney server where the images are generated.

The Trump arrest image was really just casually showing both how good and bad Midjourney was at rendering real scenes, Mr. Higgins told the Associated Press. The images started to form a sort of narrative as I plugged in prompts to Midjourney, so I strung them along into a narrative, and decided to finish off the story.

The rise of AI has made it possible for anyone with access to the technology to create convincing fakes of what would be newsworthy events.

One of these instances came early last month, when videos from an outlet called Wolf News that featured AI-generated anchors, voices, captions, and images were circulated online.

The fictitious anchors were delivering pro-China messaging that was spread by pro-China bot accounts on various social media platforms. It was one of the first times that apparently fully AI-generated fake news was circulated widely.

A professor of information sciences at RMIT University, Lisa Given, addressing the issue in the Conversation, said she doesnt have a simple solution to the problem, but did offer a few strategies consumers can deploy to prevent confusion over the authenticity of a photo or a piece of audio.

In the article, she recommended that people cross-reference suspicious material with independent sources and look for imperfections in images as a sign that they might be AI-generated.

Where spelling errors once alerted us to email scams, or extra fingers flagged AI-generated images, system enhancements make it harder to tell fact from fiction, Ms. Given wrote. Creating fake photos and deep-fake videos no longer requires specialist skills and equipment.

The rest is here:
Fake Images Created by Artificial Intelligence Beginning To ... - The New York Sun

Microsoft Trying to Block Other Artificial Intelligence Chatbots

Microsoft, which has achieved great success with the Bing artificial intelligence it has recently introduced, is determined to block other search engines. Details are here!

OpenAI, which is currently one of the most talked about companies in the industry on artificial intelligence, has signed a long-term partnership with Microsoft with an agreement worth more than 10 billion dollars. After this situation, many people accused Microsoft of trying to have a monopoly in the field of artificial intelligence. Microsofts steps in this direction began to come gradually.

Microsoft has warned search engines powered by Bing data not to develop their own AI chatbots. Engines that use Bing include sites like You.com and DuckDuckGo.

Although the commercialization of OpenAI, which initially emerged as a non-profit organization to conduct artificial intelligence research, has garnered reactions from the technology world, its partner Microsoft is not afraid to launch a new artificial intelligence tool almost every week.

Allegedly, Microsoft, which transferred $10 billion and Azure server support to the OpenAI team, also started to set up a giant supercomputer complex for GPT-4 to work. All these events have led the industry, especially its arch-rival Google, to fear that Microsoft is trying to monopolize it.

The fact that the Bing chat bot, which uses the GPT-4 language model, is currently only available in the Microsoft Edge browser, seems to be one of the important examples of this situation. According to Bloombergs report, Microsoft, which threatens other search engines using Bing, wants to seize power in the field of artificial intelligence.

You.com currently has its own chatbot. However, Microsoft may have wanted to take action to prevent this situation from progressing any further. The company has not yet received a response to the allegations.

Read more:
Microsoft Trying to Block Other Artificial Intelligence Chatbots - Expat Guide Turkey

AI-powered automation for healthcare operations liberates clinicians and others from tedious, manual activities and helps them to focus on patient care.

FREMONT, CA: Artificial Intelligence (AI) is evolving to address the ever-evolving needs of patients. It truly understands a patient's long-term health needsnot just their transactional care needs requires assessing an unimaginably enormous collection of data, including genome, demographic data, medical history, environmental factors, and symptoms. It is physically challenging for providers to manually undertake this analysis. AI is evolving to produce solutions that can automatically undertake this massive data processing and analysis, with the ultimate goal of assisting clinicians in establishing safe, individualized treatment pathways. The obstacles and modifications required to progress AI transcend technological issues.

Greater patient centricity: Stakeholders now have a greater awareness of what patients genuinely want, but they also feel more suited to provide those requirements. More intelligent capacity utilization, as provider and hospital capacity, is limited and will come under growing demand as the elderly population seeks care. While some AI-based products can forecast events, the most effective ones are integrated into workflows to fix difficulties and motivate frontline people to take action. It is essential that the capacitywhether provider or facilities such as OR rooms utilizes to the fullest extent. Using AI and ML to improve demand forecasting and maximize resource usage is gaining popularity across the board. And more and faster care is superior care that saves lives.

Possibilities for increasing revenues: AI-powered care automation helps healthcare facilities maximize surgical income by maximizing the utilization of operating rooms through more innovative scheduling. By automating aspects of the discharge procedure, hospitals can reduce the average length of patient stays. Hospitals are experiencing a personnel crisis compounded by the Covid-19 outbreak. They no longer have the workforce to devote to procedural chores, so they must release their suppliers to focus on the most critical jobs. Automation of care enabled by AI makes this possible.

More productive study: Major pharma and research organizations are altering the landscape of R&D. There are many ways to reduce the number of promising medication candidates, sometimes utilizing quantum. The quest for more efficient drug development builds excitement around reexamined methods, new data sources, and value-added use cases that address patient and practitioner pain points. Many firms are implementing acculturation strategies to improve their resources' data and AI literacy in appealing formats. AI transcends mere technological considerations.

Read this article:
Key Healthcare Applications of Artificial Intelligence - Healthcare Tech Outlook