The autonomy market, in my view, is the most crucial market of the coming decades and will capture the most economic value globally. The reason for the significance of this market is that it no longer involves just executions carried out by machines, but also decisions. In the pre-AI economy, humans contributed both in execution and, more significantly, in decision-making, collaborating with machines that merely executed tasks. For instance, a truck driver would decide when to turn left or right, or choose the fastest route. In the autonomy market, machines make and execute decisions. An autonomous vehicle decides and executes: the most suitable route, when to accelerate, turn right, or brake. This is a market where humans no longer make decisions, or at most, are limited to perhaps 1% of the most critical decisions, those necessary for machine design. When I refer to the autonomy market, it extends beyond vehicles to all industries and the functioning of the entire economy. Elon Musk's recent conference with Tesla shareholders was quite impressive to listen to. I often discuss with other Tesla shareholders who admit they do not like Elon Musk but continue to buy because they firmly believe in his vision of the future. And I believe that is Tesla's strength today. All strategic decisions and leadership will propel it to the size of Apple ($3 trillion market cap) or Microsoft in the near future, and very likely to Saudi Aramco within a decade ($10 trillion market cap at its peak, $6,000 billion today). In the remainder of this post, you will read about:
What the future holds for the energy market, and why it will be driven by the advent of autonomy. Note that this is not an investment recommendation. However, I have delved deeply enough into the subject to make this article interesting and useful if you too are considering how the world will change with the arrival of autonomous vehicles.
Become a Premium member to read the full post and unlock all upcoming posts.Venture Insights is the most comprehensive newsletter for understanding the impact of AI on the economy. Artificial intelligence will create new markets worth tens of trillions of dollars in the coming years, such as autonomous vehicles, drone deliveries, autonomous industry... And existing markets will be completely disrupted: education, defense, healthcare... In the paid publications, you will find in-depth market analysis as well as stock analyses. I openly document all my investments there…... Subscribe to The Reading List to unlock the rest.Become a paying subscriber of The Reading List to get access to this post and other subscriber-only content. A subscription gets you:
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Jumat, 06 September 2024
The $10 Trillion Market of Autonomy and Decision-Making
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