AI And Robotics Could 'turn The World Upside Down'

Technological advancements in fields such as robotics, virtual reality and artificial intelligence are creating new investment opportunities, but also causing unemployment. While it is too early to tell with certainty what the ultimate outcome of these shocks will be to existing business models, it is certain that these technologies will have far-reaching impacts and significant transformations.

Technological leaps like robotics and artificial intelligence have happened before. Industrial and technological revolutions have transformed production patterns. Digitization, including the rise of the Internet, has brought dramatic changes to life and business. The next big shift in technological leaps is likely to come from artificial intelligence and robotics, involving industries such as manufacturing and fintech, which are bound to change the way humans work.

Jonathan Wilmot, founder of WilmotML, said: "The future world will be dominated by companies that are best at using powerful new tools to perform complex tasks, and of all human inventions, 'artificial intelligence' is probably the most powerful, The most versatile technology."

Wilmot noted that machine learning "has the power to turn the world upside down."

Understanding how robotics, artificial intelligence and virtual reality are changing our lives was a key topic discussed by experts in the field at the 20th Credit Suisse Asia Investment Forum.

Although artificial intelligence has developed rapidly in recent years, there is still a lot of room for improvement in the future. There are still many questions about what artificial intelligence can and cannot do.

Dr. David Hanson, CEO of Hanson Robotics, one of the world's leading experts in robotics and artificial intelligence, said: "A human gets in another car and can quickly learn how to drive that car. , but AI doesn’t, because most AIs lack one element: imaginative ideas. AI excels in narrow fields, and in some fields even exceeds the limits of human capabilities.”

Dr. David Hanson, CEO of Hanson Robotics

Has a new era of technological innovation begun? If the answer is "yes", what is the most effective way to turn new ideas into rewards? The answer to the first question appears to be 100% certain, but the answer to the second question may be different.

"The best investment targets are companies with clear goals and intellectual property in artificial general intelligence, with near-term upside potential," Hansen said.

There may be a perfect phenomenon in the world that can bring about a major transformation. A number of factors are acting at the same time to drive innovation, including vast amounts of cheap computing power, more funding sources, and the sharing of data through collaboration.

This aspect offers considerable potential returns. For example, the virtual reality industry is estimated to be worth $600 billion by 2023 as virtual reality (VR) headsets become the largest computer interface product after mice and keyboards. Currently, there are an estimated 6 million VR headsets in circulation, but we will need as many as 100 million VR headsets before virtual reality technology becomes mainstream.

Another major growth point is the partial application of relevant technologies in the financial services industry to expand the consumer layer and reduce transaction costs.