Paul Mampilly Demonstrates How to Use Stocks To Benefit From the AI Revolution

“My God, it’s full of stars”, Bowman announces as he vanishes forever. This is the famous final scene of 2001: A Space Odyssey, one of Hollywood’s most iconic films about the future of artificial intelligence. In the film, an on-board AI supercomputer called HAL 9000 can do it all. HAL can manage life support on the ship, perform complex mathematical computations, and communicate with the crew. Despite its mysterious conclusion, 2001: A Space Odyssey is a tale of the future of technology and humanity.

Until recently, AI stories were simply works of fiction. Regardless of if you are bullish on the future or are a cynical Luddite, a technology shift is coming. Many people are both excited and fearful about our future relationship with artificial intelligence. Will we be exterminated by a rogue military AI network like Skynet? Will AI usher in a golden age of extreme prosperity and peace? Only the passage of time can answer these questions, but many experts are optimistic about the future.

The first wave of advanced artificial intelligence applications will come with the Fourth Industrial Revolution. The Fourth Industrial Revolution is the next technology shift in human history. It will spread autonomous vehicles, artificial intelligence, quantum computing, and nanotechnology to societies across the globe.

How to Prepare for the Fourth Industrial Revolution?

AI and the Fourth Industrial Revolution will change the world as we know it. The Fourth Industrial Revolution will increase material prosperity and health outcomes, but it will also affect the way we do work. Repetitive jobs will likely go to robots instead of humans. This will require humans to learn new skills and find new jobs. Humans of the future must be dynamic as they adapt to the changing economy.

To prepare for the Fourth Industrial Revolution, you must find opportunities to work with robots. During the early years of the Fourth Industrial Revolution, people with STEM backgrounds will be in high demand by governments and technology companies. After all, humans must create the robots and their software.

As time passes, people should focus on on their human advantages. Humans are social creatures, so soft skills like leadership and creativity are likely to remain in high demand. Do not focus on repetitive and computational areas where tireless supercomputers have obvious advantages.

The shift to artificial intelligence will provide investors many opportunities to grow their wealth. Paul Mampilly, a former hedge fund manager, suggests that early investors in AI can outperform the S&P 500. By buying stocks related to AI and the Fourth Industrial Revolution, you can hedge the risks of the future.

What is Artificial Intelligence?

Before we explore the opportunities of AI, it is important to know what the technology does. Artificial intelligence is a broad term that refers to computers that can perform advanced cognitive functions. AI technologies do not simply respond to commands. They think, respond to their environments, and evolve over time. AI computers are able to learn and make decisions without the direct guidance of a human.

AI computers may respond to social cues and behave according to changing information. Early versions of AI technology are already available as machine learning applications.

Applications of Artificial Intelligence

Artificial intelligence will be used in numerous sectors of the economy.

Medicine

In the field of medicine, AI can be used to interpret medical imagery. By using data from thousands of x-rays, scans, and medical images, AI applications can quickly identify abnormalities in patients. AI can increase the accuracy of diagnoses.

AI may also be used in companion robots for disabled people and the elderly. These types of applications of AI are being researched by experts in Japan.

HR

The age of human resource professionals reviewing hundreds of CVs and applications may soon be over. AI applications can evaluate documents to rank the qualifications of job candidates. In the future, AI robots may conduct job interviews by using facial and speech recognition tools.

Programming

Advanced AI applications will be able to create software by writing code. This is the moment when the craft becomes the craftsman.

Vehicles

Autonomous cars and aircraft will use AI technologies for safe navigation.

Artificial Intelligence Rising

Paul Mampilly offers several investment suggestions to take advantage of future growth in artificial intelligence technologies. Mampilly is a seasoned investor in innovative technologies. He uses his background as a technology expert to provide business insights to people interested in earning above-average returns in the stock market. In 2017, he picked an AI stock that grew in value by 145 percent in one year. Mampilly received his MBA from Fordham University.

Paul Mampilly regularly provides information about the stock market and new technologies to over 150,000 subscribers through the Profits Unlimited newsletter. Paul Mampilly has offered advice to investors on CNBC and Bloomberg. He suggests that people should get ahead of technology shifts before they happen. This forward-looking approach prevents investors from being surprised by changing market conditions.

Investors should take advantage of rising AI technologies. At the beginning of the decade, people scoffed at the idea of artificial intelligence. Today, people realize that an AI-driven technology shift will affect every aspect of the economy. Buy AI stocks to take advantage of these changing conditions.

Leading AI Stocks

Many of the largest technology companies are investing in the future of AI. Check out the stocks of the companies mentioned here.

Nvidia

Nvidia is nearly a household name. As the leading producer of GPUs and semiconductors in the United States, Nvidia has an important role to play in creation of AI. Expect Nvidida to use AI applications to take gaming, virtual reality, and graphics processing to the next level.

In September 2018, a single share of Nvidia’s stock was valued at about $272.

Alphabet

The parent company of Google is using its large arsenal of R&D resources to create autonomous vehicles. Alphabet is also looking for new ways to expand its machine learning applications.

In September 2018, a single share of Alphabet’s stock was valued at about $1,160.

Twilio

Twilio is a producer of cloud software. Twilio is a risky investment option, but its stock may offer large returns if its AI-based speech-to-text technology is successful.

In September 2018, a single share of Twilio’s stock was valued at about $85.

Amazon

Amazon succeeds in nearly every industry Bezos sets his eyes on. It is reasonable to suggest that Amazon will use its large capital stores to become a key player in the AI sector. The tech giant already uses machine learning for its widely successful predictive demand models and marketing campaigns.

In September 2018, a single share of Amazon’s stock was valued at about $1,920.

Micron

Micron is also a good stock pick. Micron is a producer of memory chips. As supercomputers require large data centers to be upscaled for society, memory chips will be in high demand.

In September 2018, a single share of Micron’s stock was valued at about $46.

Microsoft

As a long-time leader of the tech industry, Microsoft should not be counted out in the AI race. Microsoft created the Halo-inspired Cortana virtual assistant to enter the market for consumer-facing machine learning applications. The company is currently investing in AI research for the field of medicine.

In September 2018, a single share of Microsoft’s stock was valued at about $112.

Baidu

Investors should also consider purchasing shares in Baidu. Baidu is a Chinese technology company that benefits from government subsidies and a possible consumer base of 1.4 billion people. The company is currently working on its Apollo AI technology.

In September 2018, a single share of Baidu’s stock was valued at about $222.