We gained’t be having The Banyan Edge Podcast this week as a result of I’m at present travelling. And alas, I’ve nowhere to correctly broadcast it.
An honest workplace setup isn’t really easy to seek out in the midst of a soccer match.
So, our moveable feast continues.
We left San Sebastián on Saturday to cross the border into the French Basque Nation and the seaside city of Biarritz. And yesterday, we circled again to San Sebastián to choose up our rental automobile to drive via the Pyrenees to Barcelona.
My son’s soccer match, our ostensible cause for being right here within the first place, didn’t go so properly. He realized the exhausting method that Europeans take soccer severely. The primary two video games had been an absolute blood bathtub.
And why am I sharing these particulars with you? (I promise that is really going someplace.)
Fixing a World Labor Scarcity
When you suppose the labor scarcity is unhealthy within the U.S. (and let’s be clear. It’s.), then spend a couple of weeks in Europe. It will get a lot worse.
I had a difficulty with my rental automobile, and I found that it’s a metaphysical impossibility to talk to a human being on the cellphone in Spain.
Within the U.S., you normally need to undergo via a number of minutes of automated prompts that steer you away from human contact, however you’ll finally get an individual should you want them. In Spain, you’ll by no means attain that customer support agent.
And hailing a taxi on a Sunday in Barcelona? Looking for an Uber?
Better of luck, and vaya con Diós, amigo.
The one solution to “remedy” the labor scarcity subject is to increase the productivity of present employees and to automate a variety of jobs out of existence. This will occur (and is taking place) with the assistance of artificial intelligence.
This burgeoning tech has been a significant focus of our work in The Banyan Edge for the previous few weeks.
As a result of the crux of it’s, we want AI.
Driverless taxis are already on the streets in San Francisco, and it’s a matter of time earlier than they unfold to different cities. It might actually have helped me seize that taxi I wanted Sunday evening in Barcelona.
🚨Investing Opp: Ian King simply beneficial a brand new commerce — in an organization that’s serving to to supply self-driving vehicles. Particulars on how YOU can to get the inventory ticker here!
Nonetheless, I do hope driverless taxis don’t come to Lima, Peru, anytime quickly. Solely as a result of I believe the aggressiveness of limeño drivers may very well spur AI to exterminate humanity — Terminator model.
Now, there are additionally the forms of jobs that may’t be automated away, however they will positively be improved.
Take soccer gamers, or any skilled athletes for that matter. (See, I informed you my rambling about youth soccer had some extent.)
Sure, I suppose we might all begin watching AI laptop simulations of sporting occasions as an alternative of watching precise athletes. However that wouldn’t be enjoyable. The pleasure is in watching actual human athletes do issues that the remainder of us can solely dream of.
Many of the service jobs surrounding sports activities can’t get replaced both. However once more, they are often improved. Take into consideration the film Moneyball, starring Brad Pitt and Jonah Hill. It informed the story of how Oakland Athletics used information analytics to enhance their participant scouting.
Oakland was capable of discipline a aggressive staff on a shoestring finances by augmenting every thing — from their scouting, to their offensive and defensive methods — with information analytics.
In an identical method, AI might quickly assist coaches make higher play-by-play choices in actual time.
The Way forward for AI (And Tips on how to Revenue)
The possibilities with AI are limitless. What couldn’t you do higher in your day-to-day life with the assistance of a full-time AI life coach to enhance your choice making?
So far in 2023, the funding story surrounding AI has centered on a small variety of mega-cap tech shares. And it’s doable that development has longer to run.
However inform me, what makes extra sense: to dump much more cash into shares that already sport market caps properly over $1 trillion, or to give attention to the up-and-coming shares on this house which might be simply beginning their ascent?
Ian King’s newest analysis is concentrated on the potential windfall earnings of AI. He predicts that by the tip of this decade, this tech will improve the worldwide GDP by 50% (or as a lot as $150 trillion within the years to return).
So do you need to be taught extra about his #1 beneficial inventory on this house?
Regards,Charles SizemoreChief Editor, The Banyan Edge