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Everything You Should Know About Artificial Intelligence and Robots #AI #Robots #ETF

AI and Robotics: An Opportunity or a Threat?

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Artificial Intelligence and Robots

After watching and reading about Davos, one of the most important topics was Artificial Intelligence (AI) and Robotics. The CEO of Google suggested that AI would have a bigger impact on business than fire or electricity.

As we all know there is a growing fear that AI and Robotics could take jobs from people in a way never seen before.

Artificial intelligence, big data is a threat to human beings. AI should support human beings. Technology should always do something that enables people, not disable people. - Jack Ma (Alibaba founder) Click To Tweet

Everything You Should Know About Artificial Intelligence and Robots #AI #Robots #ETF

Industry 4.0

So the million dollar question is: Should we really be worried? Are robots really taking our jobs?

Short Answer: Robots have been taking our jobs since the 1960s. And that’s a good thing.

Robots and AI will:

  • Focus on repetitive tasks
  • Substitute us in tasks that require a lot of strenght
  • They will go where we don’t want to go
  • Manage data in a way impossible to humans
  • Increase our productivity
  • Require highly skilled human work force to operate and maintain
  • Free us for more creative activities
  • Decrease the price for some items (more supply)

It has been this way for decades. Thus I don’t really believe in all that catastrophic argumentation made by some politicians and business leaders. There are always some jobs that will become obsolete.

But others will be created.

What we should be focusing our attention is on how to learn new skills that will be on high demand for the coming years.

As long as we keep on building and improving robots to work for us and not against us, I believe that in the future we will see more positive things. Therefore improving our way of life.

Are you still worried?

Take these three examples:

  1. Electric Vehicles will be autonomous and connected. Therefore the urban transportation (traffic) can be optimized, reducing the pollution and loss of time. The communication between cars can also prevent accidents.
  2. Energy Grids will be more efficient. If you can enhance the predictability of demand and supply – renewable energy can be highly volatile – you can have more efficient systems of electricity distribution. Artificial Intelligence can help with that task.
  3. Quick Response to a Disaster. AI can analyse in real-time huge amounts of data, from social media for example, and respond more quickly and in an efficient way, to any weather events or disasters.

How to invest

If you are still worried, and absolutely sure that robots and AI will take over the world and your job? Why not invest in companies that build and develop robots and AI solutions?

Look at the newly launched AI Powered Equity ETF (AIEQ).

This ETF is the first artificial intelligence exchange traded fund, and in the first months has shown strong growth potential.

Everything You Should Know About Artificial Intelligence and Robots #AI #Robots #ETF

Source: Investing.com

INCEPTION DATE‎: ‎10/18/2017

PRIMARY EXCHANGE‎: ‎NYSE ARCA

EXPENSE RATIO‎: ‎0.75%

Well it’s definitely expensive… but for those of you who really believe, it’s an option. This ETF invests in companies such as Amazon, Alphabet (Google), Nvidia, and so on.

More ETFs

Next I’ll include a list of ETFs that have some degree of investment in companies that develop new products or services that somehow are related to Artificial Intelligence.

QQQ    PowerShares QQQ

XLK      Technology Select Sector SPDR Fund

VGT     Vanguard Information Technology ETF

FDN     First Trust Dow Jones Internet Index

IYW     iShares U.S. Technology ETF

ROBO  ROBO Global Robotics and Automation Index ETF

BOTZ   Global X Robotics & Artificial Intelligence Thematic ETF

FTEC    Fidelity MSCI Information Technology Index ETF

XT        iShares Exponential Technologies ETF

IXN      iShares Global Tech ETF

IGM     iShares North American Tech ETF

PNQI    PowerShares NASDAQ Internet Portfolio

QYLD   Horizons NASDAQ-100 Covered Call ETF

AIEQ    AI Powered Equity ETF

ARKQ   ARK Industrial Innovation ETF

BUZ     Sprott Buzz Social Media Insights ETF

TCHF   iShares Edge MSCI Multifactor Technology ETF

DTEC   ALPS Disruptive Technologies ETF

This post is only for information purposes. It should not be considered financial advice or any kind of advice. Seek professional help if you need.

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About GTRetire

GTRetire is the founder of GrowtoRetire, a blog about financial independence and early retirement. Click here to learn more about starting a blog! Also, this post may contain affiliate links, please read the disclaimer for more info.

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