In 2020, there were six companies that made up 25% of the S&P 500 and you know which ones they are: Facebook, Amazon, Apple, Netflix, Google, and Microsoft. The common denominator driving the growth for all of these companies is Artificial Intelligence. Google’s CEO, Sundar Pichai has described the development of AI as “more profound than fire or electricity,” but it is still very misunderstood. Everyone has a sci-fi image that appears in their head when they hear about AI, but what actually is it? Where did it come from? How fast is it growing? To answer these questions, Trey Lockerbie sits down with New York Times writer and author Cade Metz, to discuss his new book, Genius Makers, which lays out the story of how AI came to be.
IN THIS EPISODE, YOU'LL LEARN:
- The history of AI
- How it works and why it is used
- The challenges for AI ahead
- Some ethical dilemmas surrounding it and most importantly;
- Which companies will benefit from it the most
BOOKS AND RESOURCES:
- Cade’s new book Genius Makers
- New York Times articles by Cade Metz
- Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
- Browse through all our episodes (complete with transcripts) here
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