| In a chat with Brad this week, I told him that if I had to pick the one career path with the best potential right now it would be showing executives and workers how to use the power of artificial intelligence to enhance their business. He agreed, as you might expect of someone who owns a thriving AI consultancy. (If you'd like to reach Brad to learn how AI can improve your own business, feel free to contact him at acceleratedintelligence.ai or brad@acceleratedintelligence.ai.) What, specifically, can AI do for your business? Researching, writing, strategizing, analyzing, planning, brainstorming, summarizing, communicating or essentially helping with any task that could use massive data processing and critical thinking skills to augment human intelligence. In his presentation, Brad demonstrated how AI can create graphic art, edit copy, boost research or even translate your spoken videos into any foreign language. I often point out that most businesses appeal to customers by providing a product or service that is better, faster or cheaper. Brad calls this the "Service Trilemma." Using a Venn diagram, he showed that if a product is good and fast, it's not likely to be cheap. If it's cheap and fast, it's not likely to be good. And if it's good and cheap, it's not likely to be fast. Yet he showed how AI will revolutionize business by making products and services better and cheaper while delivering them faster. That's why AI is such a big deal. It is pushing the boundaries of how computers - and the machines they operate - can make our lives better and easier. AI offers the skills and algorithms to process information and reach conclusions from big data incredibly quickly. It helps computers perform many humanlike tasks, such as data collection and entry, invoice generation, email responses to customer queries, and software testing. This frees workers to focus on tasks that do require human abilities. And the investment opportunities here are immense. The world now creates 2.5 quintillion bytes of data each day. Artificial intelligence is the only way to effectively process and use all this information. (Already, more than 35% of companies now use some form of AI in their business.) AI enables computers, robots, and other connected devices to mimic the perception, learning, problem-solving and decision making of the human mind. This allows machines to perform specific tasks with increasing accuracy and without human intervention. Applications are now used for speech recognition, language processing, virus and spam prevention, autopilot technology, image recognition, real-time recommendations, even automated stock trading. Anything that can be achieved by human intelligence can be sped up and enhanced by AI. People will have better outcomes across virtually every domain of human activity: including comprehension, creativity, conflict resolution, health, and longevity. In short, very soon every businessperson will have an infinitely patient, infinitely knowledgeable, infinitely helpful partner - that never sleeps, gets sick or takes vacations - available 24/7. This means productivity - doing more with less - will accelerate dramatically, driving economic growth, creating new ideas, new jobs, and whole new industries. AI will augment human intelligence to solve problems better and faster than ever before. In my view, by the end of this decade there will be only two types of companies. Those that have integrated AI into their business. And those that don't exist anymore. Good investing, Alex | 
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