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
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:
- 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.
- 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.
- 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.
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.
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
Passive Investment and Exchange Traded Funds (+250 Views)