How an unseen but ever-present technology is powering scientific breakthroughs
Ric Edelman: It's Tuesday, November 14th. AI, as we all know, is revolutionary and it's revolutionizing science. It really shouldn't be all that surprising. Tech has always revolutionized science. Remember microscopes and telescopes? They came onto the scene in the 1600s. The telegraph in the 1850s. Aircraft in the 1900s. The internet in the 1990s. All these led to major progress in astronomy, physics, and eventually into the business world - fertilizers, pharmaceuticals, the transistor. And so now the latest is AI.
Last year, AI was mentioned in 7% of all physics and astronomy papers. It was even cited in 1% of papers in veterinary medicine. This year, every scientific field is reporting research using AI. At MIT, they found new antibiotics using AI. Researchers at the University of Liverpool used AI to create a new material for the production of batteries. A biochemist at the University of Oxford used AI to find the protein in mosquitoes that transmits malaria. Another team needed just 30 days to use AI to find the protein involved in liver cancer.
Climate scientists are using AI to predict the weather a week in advance, thousands of times faster and cheaper than the old technology with no drop in accuracy. Physicists are using AI to figure out how to create nuclear fusion. A psychologist at the University of Waterloo is using AI for focus groups instead of real human participants, and software coders are working 55% faster by using AI.
You might want to think about the Global X Artificial Intelligence and Technology ETF. The symbol is AIQ. Grandview Research says the global AI boom could grow tenfold by 2030, and the Marketing AI Institute says AI is going to boost corporate profits by 38%. Accenture says AI is going to add $14 trillion to the GDP by 2035.
So the Global X ETF, the Global X Artificial Intelligence and Technology ETF, invests in companies worldwide, both household names and newcomers that invest in information technology, communications services, consumer discretionary, industrial stocks, financial stocks, health care stocks. Yeah I stuttering pretty much everything. And AIQ is an opportunity for you to be part of it. You can learn more about this ETF at Global X ETFs.com. If you're an investor, talk to your financial advisor about it.
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