Elon Musk: THIS will be bigger than Tesla
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From James Altucher
As you know, we’ve been talking a lot about AI.
Recent developments have some of our readers nervous.
So I want to clear the air.
It’s true…
The rapid growth of the AI industry has some military officials on edge.
Their primary concern? In the hands of powerful adversaries like China, sophisticated AI technology could threaten US military dominance.
In an attempt to slow the development of Chinese AI, President Biden passed a series of regulations restricting the sale of the most advanced semiconductors to China.
By restricting access, the Biden administration hoped it could give Western technology companies an advantage in the development of cutting-edge AI.
However, the regulations haven’t worked out quite as planned.
A leading AI chip designer responded by developing a special version of its high-end chips designed to take advantage of a loophole in the export restrictions.
Now it looks as though the Biden administration could be closing that loophole…
The Tech War Expands
The Commerce Department announced on Tuesday that it would be introducing a new set of restrictions designed to limit China’s access to high-end chips further.
The forthcoming rules would also add 21 new countries to the list of countries prohibited from buying certain top-of-the-line semiconductors.
Some investors are concerned that the leading AI chip designer could be at risk with the new regulations.
However, the concerns about the impact of China on chip sales might be overblown.
This demand is only likely to keep growing with the next generation of AI.
For reference, GPT-4 is estimated to have required the use of many high-end processors for 90 days.
According to some estimates, the next iteration of this technology will require significantly more processing power for about the same amount of time.
ChatGPT will also need a considerable number of these devices to respond to user prompts throughout the day.
Which is to say, AI is a bit like SUVs in the early 2000s – it is getting more powerful but it will also become bigger and more energy-hungry as a result.
For this reason, chip companies are unlikely to run low on customers any time soon.
As AI advances, the need for a larger quantity of high-powered chips is expected to skyrocket as well.
The massive productivity benefits of powerful AI will more than offset the cost, meaning that chip designers and manufacturing are likely to remain strong for years to come.
[See that picture of me below? One of the picks in our Altucher's Investment Network AI portfolio got a boost this week as demand for AI technology remains strong. Recently, I got on stage at the AI Investors Summit to talk about this company, its game-changing product, and how to get in before it’s too late. Click here to watch.]
In other words: Our AI investment thesis remains intact. We remain bullish.
[PICTURE]: A.I. Billionaire Shocks The World
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Below is an important message from one of our highly valued sponsors. Please read it carefully as they have some special information to share with you.
Dear Reader,
A famous A.I. billionaire recently took center stage and shocked the world.
He left the crowd utterly speechless.
But what exactly happened?
He revealed a breakthrough device that will change everything you know about making money.
(Take a look for yourself here):
You won't see this story on the nightly news.