| Prior to the scientific revolution, discoveries such as fire, stone tools, agriculture, navigation, etc., happened so rarely that it appeared that the world essentially never improved. Over the last 200 years, however, a period that economic historian Deirdre McCloskey calls "The Great Enrichment," knowledge has exploded, leading to a standard of living that was inconceivable throughout most of human history. And this progress - like the expansion of the universe itself - is accelerating. In the not-too-distant future, we will have transportation, communications, medical treatments, healthcare, goods and services, and investment opportunities that cannot begin to be fully appreciated today. As British physicist David Deutsch points out in The Beginning of Infinity, "Everything that is not forbidden by the laws of nature is achievable, given the right knowledge." Think about that statement for a moment. Every possible advance that could benefit you and the rest of humanity is either a) impossible, because it is forbidden by the laws of physics or b) achievable, given the right knowledge. And "the right knowledge" is increasing at an unprecedented rate. Forty years ago, you didn't have a personal computer. Thirty years ago, you didn't have an internet connection. Twenty years ago, you didn't have a smartphone. Fifteen years ago, you didn't have electric cars, voice recognition technology, cloud computing, 3D printing, augmented reality, 5G or the Internet of Things. Soon, all these advances will be surpassed by the greatest technological achievement of our era, one that will send human progress into overdrive: artificial intelligence. Transformative Tech Leads to Profits The investment opportunities here are immense... The world now creates 2.5 quintillion bytes of data each day. AI is the only way to effectively process and use all this information. It 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. Very soon, every child will have an AI tutor. Every worker will have an AI mentor. Every scientist and engineer will have an AI researcher. Every doctor will have an AI collaborator. Every businessperson will have an AI consultant. In short, everyone will have an infinitely patient, infinitely knowledgeable, infinitely helpful partner - that never sleeps, gets sick, takes vacations or even takes bathroom breaks - 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 than faster than ever before. In biomedical research, AI will dramatically improve outcomes. It currently takes approximately 10 years and over $2.5 billion to get a new drug from inception to FDA approval. (And you wondered why drug prices are so high?) But AI will dramatically shorten the cost and length of time. It will allow us to achieve higher quality data from fewer clinical trials and in less time. Rather than requiring tens of thousands of participants as many trials do today, it will use a more focused approach, helping us create safe, new therapies and get them into medical practice sooner, saving millions of lives. Early investors stand to make a fortune here. And drug discovery is only one area that is likely to be completely transformed by artificial intelligence. There are many other industries, as well. For a fuller discussion of the almost limitless potential - and to learn the names of the AI-related companies that I believe will comprise "The Next Magnificent Seven" - just click here. Good Investing, Alex | 
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