The article Sneak a Peek into the Powerful New AI Economy With ChatGPT discusses the potential of artificial intelligence (AI) and its impact on our economy. The ChatGPT conversational AI chatbot is just the beginning of AI’s potential, as the volume and granularity of data are exploding, making AI algorithms more capable than ever. The more data AI models have, the more capable AI becomes. Moreover, the computing costs for AI should continue to drop due to Moore’s Law and Wright’s Law, which will drive forward the AI Revolution of the 2020s. The cost decline curve persists, AI training costs could fall to $30 per model by 2030. If AI becomes infinitely better and cheaper over the next decade, it will become a ubiquity just like the internet – changing the world, unlocking a $15 trillion market, and giving rise to generation wealth-creating opportunities on Wall Street.
ChatGPT is an AI chatbot that is capable of answering any question about the stock market, explain complex topics, help with algebra homework, write music, create advertising, give relationship advice, and even pass law school finials. It’s smart by today’s standards but will be regarded as child’s play in the AI world within a few years.
Luke Lango is a host who discussed the potential of AI in a recent presentation for the InvestorPlace’s first-ever AI Super Summit conference. He discussed what AI is, how it works, what drives it, and why it’s only going to get better. Luke shared how AI will change the world, what industries it will impact most over the next 12 months, and which AI stocks are the best to buy right now. He believes that AI will change the world, unlocking a $15 trillion market and giving rise to some generational wealth-creating opportunities on Wall Street.
