Original author Lark Davis insights were compiled by the CoinSpeech team from his recent appearance. Find Lark Davis’s new video below.
Robotics is Becoming Reality
“The robots are coming; it’s really happening, and it’s a trillion-dollar investing opportunity,” says Lark Davis. From Disney’s Wall-E to Tesla’s Optimus, science fiction is rapidly turning into science fact. The surge in artificial intelligence (AI) innovation is now paving the way for the integration of robots in various sectors of our everyday lives, from home companions to industrial automation.
Impressive Market Growth
According to recent research, the global robotics industry is anticipated to be worth nearly $300 billion by 2032, showcasing a compound annual growth rate of 14.7% from 2023 to 2032. This may well be a conservative estimate, with major companies such as Apple, Tesla, and OpenAI currently competing for dominance in the market.
Key Players Driving the Revolution
Tech giants are not just interested; they are full-throttle engaged. “Apple is reportedly looking at a home robot companion,” notes Davis. Tesla is already presenting its humanoid robot, Optimus, and Amazon has focused heavily on robotic fulfillment systems in its factories. All these corporations are pouring considerable resources into robotics and AI.
Robots and Employment Dynamics
Yes, there will be economic repercussions. MIT and Boston University researchers have indicated that for every robot added per thousand workers, wages may decline by 0.42%, and the employment-to-population ratio may decrease by 0.2 percentage points. “It’s not all sunshine and rainbows,” admits Davis. However, it’s also projected that automation overall could create more jobs than it obliterates.
Investment Opportunities
You might not need to build your own robotics company to benefit from this boom. “What do you think is needed to develop AI and Robotics? Obviously, they need chips,” affirms Davis. Investing in tech companies that are diving headfirst into robotics might be a lucrative venture. Consider stocks in Nvidia, AMD, Intel, Apple, Microsoft, Amazon, Tesla, and even Deere & Company. Additionally, you could look into companies that provide raw materials like copper and lithium that are essential for the electronic components of robots.
Beyond Stocks: The Role of Cryptocurrency
Lark Davis also highlights cryptocurrency as a lucrative area for investment in the robotics and AI space. “The development of AI and Robotics actually go hand in hand.” Consider decentralized AI projects like Render, Edge, Matrix Computing, and Golem that support cloud computing and machine learning.
Long-Term Perspectives
While we may not own robots as functional as Wall-E or R2-D2 in the immediate future, don’t underestimate the long-term impact of these technologies. “Robotics is now giving us the same opportunities right now, right here in the present, that we had with Apple stocks or Bitcoin in their early days,” encourages Davis. So, be prepared to seize this groundbreaking opportunity.