The Global Crisis 2020: trillion $ opportunity.
Who will solve the main problem of the world economy on the horizon of 10 years will become a trillionaire.
Hope, you’re well prepared for outstanding opportunities of 2020, when AI will disrupt the entire global economy. It will happen in 2020 because of the VC boosting into the area. The biggest deal https://www.hpcwire.com/2019/07/10/ibm-closes-red-hat-deal/
and a lot of others https://blog.singularitynet.io/the-tech-oligopoly-part-1-5d76df9d09aa
World Economic Forum reported that the top 20 companies in tech are all either American or Chinese. Perhaps a time might come when AIs are invented, designed, and programmed by other AIs, but for now, the backbone of AI is its developers and researchers. tech titans are working strategically to monopolize AI talent and with a speed and scale never seen before. These giants are actively involved in the war for AI talents.
Mega trends.
However, not every industry is worth to be disrupted. Let see what trends and business models to use to profit on the inevitable #GlobalCrisis2020
1.Now, AI-driven health companies are in the center of investors’ interest, because of the enormous volume and inefficiency of healthcare https://techcrunch.com/2019/08/02/babylon-health-confirms-550m-raise-to-expand-its-ai-based-health-services-to-the-us-and-asia/
2.Aging of population. This biggest threat for pension funds will be discussed at Davos 2020
3. Hidden unemployment rates growth. Companies already transformed half of the employees in freelancers. With AI and automatization taking over more jobs, the rate of unemployment could reach 80%.
What will do all these people? VR & AR Gaming is the answer.
People need a sense in life.
Efficiency as a business main goal is overestimated. Take the example of the telecom industry: yes, operators are constantly striving to increase the volume and speed of data transfer. But the ultimate goal is still different — to offer new services. App developers profit on telecom infrastructure.
The most important thing for the future is to create meanings. The increase in the consumption of computer games and social media is only the beginning of that demand for what most of humanity will do when AI takes away their jobs.
We consolidate top-experts in AI-driven digital health, starting from our Oxford conference in early 2018 https://www.youtube.com/watch?v=4ez4xA3uq6Q
and Davos forum 2019 https://medium.com/@eduardmusinsci/davos-presentation-of-days-exchange-conditional-basic-income-health-wealth-f9023bb41fba
LATTICE human resources software uses surveys to shift the focus of performance management from employee evaluation to career development. Today, Lattice works with 1,300 customers, including Coinbase, Instacart, Slack and WeWork. “Employees are looking for more meaning from work than ever before, and have more visibility into and access to other jobs than ever before,” Altman says. Lattice helps their employers step up.
Other potential unicorns see https://www.forbes.com/sites/amyfeldman/2019/07/16/next-billion-dollar-startups-2019/
AI is changing everything.
According to a Bloomberg article, “newly minted Ph.D.s in machine learning and data science can make more than $300,000.” The New York Times estimated that the salaries of fresh Ph.D.s and others with limited or no experience range “from $300,000 to $500,000 a year. Even at nonprofits like Elon Musk’s OpenAI, the top AI researcher had a salary of $1.9 million
Poaching talent from Academia
The tech giants offer lucrative salaries, access to a massive database and immense computational powers for the AI researchers to do their experiments. In 2015, Uber gutted the Carnegie Melon University’s National Robotics Engineering Center (NREC) when it poached 50 of its staff members. The famous deep learning expert, Andrew Ng, left Stanfordto become Baidu’s chief scientist in 2014. Universities are struggling to retain AI talent as their employees move on to work for the tech giants.
Upskilling employees in AI
Most of their employees are already well educated and motivated to learn the necessary skills to utilize or develop AI. Many employers in such companies have started to offer courses to create AI talent within their already existing workforce. This trend to upskill existing employees in AI was researched in a recent study by Accenture. According to the study, 40% of the executives are planning to increase training and education on the business applications of AI, while 26% of the executives plan to increase training on the technical aspects of the technology.
Recruiting Fresh Graduates
While the tech giants retain their existing AI talent with great perks and privileges, research shows that they are actively recruiting. The graduates of most machine learning programs have multiple job offers before they even graduate. A study by Paysa, a recruitment platform, indicated that U.S. companies across all industries are investing $1.35 billion in AI talent. The study highlighted that Amazon’s average annual investment in AI and machine learning hiring was $227.8 million, with the next major competitor being Google with an annual investment of roughly $130 million. It was found that the top 20 AI recruiters spend $650 million annually to hire AI talent.
But this trend leads to a contrary anti-trend. In ten years, 90% of IT engineers will become unemployed. Universities graduate 10 million engineers a year — can you imagine what army of the unemployed will be due to the development of AI? Plus an even bigger army of fired employees from almost all disrupted industries.
Where is The Next Big Think to invest in?
An outstanding work suggests how to pick up the future unicorn. Google, Oracle, and IBM Are the Biggest Billion Dollar Founder Producers.
Most Startups Had Very High Differentiation in Their Core Product Offering With Competitors.
Save Time, Save Money, Or Make Things Easier
https://medium.com/@alitamaseb/land-of-the-super-founders-a-data-driven-approach-to-uncover-the-secrets-of-billion-dollar-a69ebe3f0f45
The Future According To Andreessen Horowitz
Other insights and rationale for Global Crisis 2020 see in the next article….
