The largest and most successful business enterprises in world history are now investing hundreds of billions of dollars annually to develop Artificial General Intelligence (AGI). The goal is to create a computing capability that will surpass human intelligence.
It is unclear when AGI might become a reality, but there is widespread belief that it is indeed a question of when and not if.
For decades, we’ve witnessed millions of manufacturing jobs disappear as a result of automation and other technological advances. Yet the vast majority of American jobs today are in service industries. When it comes to AI, service sector jobs are the ones most at risk.
Many leading voices in technology believe a huge percentage of so-called knowledge workers will be replaced by AI-powered systems. One top venture capitalist thinks in the long-term more than half.
These productivity gains will yield immense cost savings. In some cases, corporate profits could soar, while prices on many goods and services could plunge.
A productivity boom would also mean huge job losses and deflationary pressure. This could prompt an unprecedented monetary and fiscal response by governments around the world.
High rates of unemployment are politically unacceptable, while our debt-driven economy cannot tolerate any level of deflation.
In the most recent 76report, we assess the prospects of an AI-driven acceleration in labor productivity and analyze the likely consequences across asset classes, including stocks, gold and crypto.
We also share our strategies for determining which companies will capitalize on AI productivity gains—and which companies will be obliterated by new AI-based competitors.
There is little doubt AI will have a transformative impact on the economy… and therefore your investments. The time to prepare is now.
Subscribe to the 76report today for immediate access to this valuable content… and the full archive of 76report investment research… for only $1 per month for the first two months!
Use promo code DOLLAR. Click HERE.