AI Unchecked: CEO of The Motley Fool Contends It Could Guide Civilization Towards a Specific Direction

In the ever-evolving world of technology, the rise of artificial intelligence (AI) has become a significant talking point. This article delves into the current state of AI investment, its challenges, and the companies that are likely to benefit from this burgeoning industry.

According to Tom Gardner, CEO of Motley Fool, the autonomous nature of AI makes it difficult to regulate, a factor that could potentially lead to effects largely outside of society's control. This uncertainty is not lost on investors, as 92% of companies are planning to invest more in generative AI technologies over the next three years.

This high demand for AI stocks is evident, with more than 70% of businesses currently using generative AI, up from 20% in 2017. One company that stands out as a potential big beneficiary is Nvidia (NVDA), a tech giant that produces GPUs essential to any AI service or application. Nvidia's current stock price is $166.89, with a market cap of $4.1T, and despite a 2.78% decrease today, its day's range is $164.07 - $169.03.

However, the uncertainty surrounding AI's ultimate outcomes should be kept in mind by both investors and everyday people. As Gardner emphasises, the impact of AI cannot be overstated, and its unregulated nature poses challenges. The potential for AI to render certain professions obsolete, like doctors, has been predicted by Bill Gates.

Despite these challenges, the opportunities for investors are vast. AI spending is forecasted to grow by more than 30% annually for the next decade, trillions of dollars in AI spending and rapidly expanding usage present significant opportunities for those willing to take the risk.

One such opportunity lies in companies that can win in any environment. Gardner's comments provide wisdom for AI investors to focus on companies with lasting power, like Nvidia, despite the uncertainty. Another company to watch is SoundHound AI (SOUN), which offers voice AI technology serving various sectors, but the long-term success of the technology remains uncertain.

As we move into the next few years, the role of AI in shaping the long-term trajectory of humanity cannot be underestimated. The interview highlights the importance of understanding the fickleness of AI for investors, as the next few years could be highly influential in determining the winners and losers in this rapidly growing industry.

AI Unchecked: CEO of The Motley Fool Contends It Could Guide Civilization Towards a Specific Direction