Artificial intelligence is transforming all aspects of our lives, from personal affairs to professional dealings. Moreover, the pace of change will accelerate in the years and decades to come. By revamping entire industries ranging from farming and manufacturing to healthcare and entertainment, the technology should double the global economy by the late 2020s.
The surge of productivity will yield a cornucopia of wealth and income for the population at large, not to mention the newborn ventures and established firms that lead the charge to the future. The shrewd investors who back the plucky entrepreneurs and feisty companies will also earn sumptuous rewards.
Sadly, though, not everyone in this turbid space will be acting in good faith. On the contrary, a swarm of charlatans will exploit the frenzy in the marketplace to relieve millions of gullible investors of billions of dollars to pump up tinsel ventures. Given the grim record of bubbles and blowouts through the ages, the whopping bust that follows the thumping boom will flatten the grifters and their victims.
Despite the perils in store, however, one thing is clear. A core of far-sighted souls who grasp the transformative power of artificial intelligence and join the revolution in earnest will reap a windfall on an unprecedented scale. ■