AI – Do You Want to Talk to Your Dead Relative?
Politics / Social Issues Aug 19, 2023 - 09:58 PM GMTBy: Stephen_McBride
On May 11, 1997, Garry finally lost.
Garry Kasparov, the greatest chess player in history—who hadn’t lost in 15 years—was defeated by IBM’s artificial intelligence (AI) Deep Blue.
Deep Blue eked out the win, 3 ½ to 2 ½. Man and machine were roughly evenly matched.
But do you know what’s happened to AI chess bots since then?
Today, Stockfish—the best chess AI—would demolish the greatest human chess player in history, Magnus Carlsen.
It’s almost alarming. Stockfish is Michael Jordan, and Carlsen is a toddler. I’m serious. The difference between Stockfish and Magnus is roughly the difference between Magnus and me—and I rarely play chess.
I’m telling you this because, as you read this, I want you to keep in mind:
This is the WORST artificial intelligence is ever going to be.
- Do we still have a long way to go with AI?
Yes.
For example, there are all kinds of problems with ChatGPT—the AI tool we’ve written about at length since its debut late last year.
The chatbot, which can have human-like conversations, became the fastest-growing product in history. But it talks like a San Francisco liberal.
It’s often flat-out wrong. And it’s politically motivated—quick to write a glowing poem about Joe Biden but banned by its creators from doing the same for Donald Trump (and that’s only the tip of the iceberg).
But flawed as it may be… ChatGPT is at the start of a trajectory that will change the world.
Longtime readers know I’m an optimist. Especially when it comes to AI.
Instead of focusing on what could go wrong with AI, I ask: “What applications could AI be used for that will improve and innovate our lives?”
So here are three practical AI innovations we might see over the next decade…
#1: AI will let you talk with deceased relatives.
Ever watch Netflix’s sci-fi series Black Mirror?
In one episode, a husband is killed in a car accident. His widow learns of a new service that lets you chat with deceased relatives. The tool learns how the husband talked by analyzing text messages, video footage, and social media history.
A start-up called HereAfter.ai developed an app that lets you chat with an interactive avatar of deceased relatives, trained on their personal data.
You should also check out podcast.ai. It created new conversations between Joe Rogan and the late Steve Jobs, among others.
The creative possibilities are endless.
#2: AI will win a Nobel prize… an Oscar… and get on The New York Times Best Seller list.
Machines have already surpassed man at many tasks. Computers can beat most humans at speech and image recognition, reading comprehension, and language understanding.
2022 was the year computers got creative.
Now, they can create lush images or write poems in the style of Dr. Seuss. In the next decade, we’ll read a bestselling novel written by an AI… or watch an Oscar-winning film produced by a machine.
AI systems can already detect cancer at higher rates than human doctors… and are discovering new types of drugs.
It’s only a matter of time before AI leads to a major medical breakthrough and a system is awarded the Nobel Prize for medicine.
#3: AI will personalize everything.
Amazon (AMZN) recommends new products based on your previous orders.
Facebook (META) shows you content related to what you’ve “liked” in the past.
Watch one crime documentary on Netflix (NFLX), and it’ll show you 10 more.
A lot of our content is already personalized. But I believe AI will lead to the “personalization of everything.”
It will become an expert doctor in your pocket who can warn about an irregular heartbeat… a tutor who knows the best way to teach you based on your strengths and weaknesses… or a fashion brand that recommends a new wardrobe by combing through your camera roll.
AI recommendation engines will get so good they’ll be able to anticipate your wants and desires before you even know them.
- AI is no longer “nerd tech” confined to university research labs.
It’s a new megatrend transforming the world’s largest, most valuable companies—and our way of life.
If you want to have any hope of becoming a successful investor in the 2020s and beyond, you simply must pay attention to this trend.
As investors, this means we want to add companies to our portfolios that are helping move this new technology forward.
Nvidia (NVDA) is one of my favorite ways to play the current AI boom. Its high-performance GPUs are ideal for “training” machines to think like humans.
I first recommended this company back in 2018. Since then, NVDA has soared 547%.
NVDA has been the hottest stock on the market all year. It’s priced to perfection right now… so I wouldn’t go rushing all-in if you don’t own it yet.
But it’s a rare stock I believe every investor should own at least a little bit of. The AI trend is just getting started—and buying Nvidia is the simplest and most direct way to play it.
Stephen McBride
Chief Analyst, RiskHedge
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© 2023 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
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