By Ben Hernandez at ETF Trends
Whether society wants it or not, robotics, artificial intelligence (AI), machine learning, or any other type of disruptive technology is the next wave of innovation. For investors who missed out on the serendipitous run of FAANG (Facebook, Amazon, Apple, Netflix, Google) stocks, they can look to capitalize on disruptive tech options in 2019.
Disruptive technology is not relegated to certain sectors as it will permeate into all industries in some form or fashion. For example, augmented reality is technology comprised of digital images superimposed over the real world, and its use is primed to drive industry growth–industries like real estate and manufacturing are already putting the technology to use in a variety of ways.
“The AR/VR space has extended far beyond its roots in gaming to applications in healthcare, retail, manufacturing, entertainment and more,” said Matthew Bielski, founder and CEO of Defiance ETFs.
In early 2018, technology mogul Elon Musk, founder of SpaceX and co-founder of Tesla, sat down with the Artificial Intelligence Channel to discuss his thoughts on AI as it relates to his neurotechnology company Neuralink. Musk wryly responded to the notion that a lot of experts in the AI space do not share his views on the subject.
“Fools,” retorted Musk. “They (smart people) don’t like the idea that a machine could be way smarter than them so they discount the idea, which is fundamentally flawed. It’s the wishful thinking situation.”
In fact, Musk told the World Government Summit in a February meeting last year that humans need to avoid becoming redundant as technologies like AI become a common reality. If the trend towards disruptive technology is indeed the proverbial wave of the future, then investors should also take advantage through their exchange-traded fund (ETF) investments.
Share this post