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A recent advance that largely flew under Wall Street's radar says a lot about why artificial intelligence (AI) is set to have a $15.7 trillion impact on the global economy.
Known as "neuromorphic computing," the cutting-edge method gets closer to simulating the way human brains work.
The system could redefine high-performance computing because it operates at lightning speeds and barely sips energy.
Right now, fast and robust graphics processors are the main power behind AI.
That's set to change because the new chips work especially well for AI-powered neural networks used in speech and pattern recognition, and computer vision.
In fact, Gartner says neuromorphic chips upon which the platform is based, are set to have a huge impact. They could become the predominant computing for AI by 2025.
Today, I'm going to reveal the chipmaker behind this breakthrough and show you why it is well-positioned to handle the coronavirus panic and should at least be on your watchlist…
Transforming Productivity
Now then, I believe giving computers and mobile devices better and more human-like insights is an unstoppable trend.
And I'm not the only one who thinks so. A recent study by Accenture found that AI could boost productivity by 40% by 2035.
Even better, the study found that in 12 advanced economies with combined GDPs of roughly $61 trillion, AI can double economic growth over the period.
For most investors, AI sounds a bit vague. So, let me take a moment to boil it all down for you.
AI basically falls into two main categories – narrow and general. In its narrow form, an AI platform learns a specific task. Think of self-driving cars and virtual assistants like Siri from Apple Inc. (NASDAQ: AAPL).
The Complete Guide: The coronavirus has erased trillions of dollars from global markets, yet this can be one of the most important wealth-building moments in your life – if handled correctly. Here's what to do…
As you might imagine, general AI is more robust. It's a flexible form of intelligence and can be applied to solve any problem.
General AI works by using a mix of machine learning, neural networks, deep learning, and natural language processing.
For today's chat, I want to focus on neural networks because this aspect of AI will benefit greatly from the next-gen chip breakthrough we've been talking about.
Simply stated, they are made up of interconnected layers of computing units (neurons) that feed data into each other. They are designed to simulate the way our brains process information and are applied to tasks too complex for humans to perform.
Just take a look at Agrobot. The privately held firm is using an AI-powered autonomous harvester to pick strawberries. Agrobot employs a 3D camera to help it pick the ripest fruit without damaging it, something humans find very difficult to achieve for hours on end.
Then there's 12 Sigma Technologies. It's developing an AI system to aid with diagnosing lung cancer, a deadly form of the disease with a five-year survival rate of just 17%.
Lung cancer is so fatal because doctors can only see larger nodules growing on the lungs. But 12 Sigma is learning to sift through hundreds of images from CAT scans to develop an early warning system.
Now you know why the recent announcement from about its AI breakthrough is so important.
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About the Author
Michael A. Robinson is a 36-year Silicon Valley veteran and one of the top tech and biotech financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
And even with decades of experience, Michael believes there has never been a moment in time quite like this.
Right now, medical breakthroughs that once took years to develop are moving at a record speed. And that means we are going to see highly lucrative biotech investment opportunities come in fast and furious.
To help you navigate the historic opportunity in biotech, Michael launched the Bio-Tech Profit Alliance.
His other publications include: Strategic Tech Investor, The Nova-X Report, Bio-Technology Profit Alliance and Nexus-9 Network.