In Episode 24 of my weekly update, I’m sharing stories and insights around AI and job creation, using datasets from space to impact investment decisions, and Lyft’s partnership bringing autonomous vehicles to the roads of Phoenix.
The follow-on impacts of AI to all industries and daily life continues to be examined and analyzed. Impact to jobs has been one of the primary concerns voiced to me by government and business leaders. I continue to stress to them the importance of investing in innovation to remain competitive at a global level, while exhausting every effort to prepare for inevitable changes on the horizon. As AI is projected to contribute close to $4 trillion in business value by 2022, Gartner also estimates that 2.3 million jobs will be created as a result of AI specifically in the education, healthcare and public sectors.
Rokk3r’s ecosystem is committed to contributing to the business value that will be generated by creating companies that embody AI and other exponential technologies at their core. The Artificial Intelligence Venture Builder is a new effort to provide investors with a vehicle to participate in the future global economy. It delivers higher equity positions for investor-partners (compared to typical venture capital deals) and leverages experts, such as Rokk3r, to mitigate risks associated with early-stage company building. Click here to learn more about the Artificial Intelligence Venture Builder.
I’ve spoken previously about immense progress being made in the space economy. Most recently, I shared news about SpaceX’s Starship spacecraft for deep space trips, and competition to blanket earth’s orbit with satellites led by OneWeb (Space X’s biggest competitor in this area), Richard Branson’s Virgin Orbit, and Jeff Bezos’ Project Kuiper. UBS notes that the broader space industry as a whole will double in value to over $800 billion in the next decade. One of the most striking considerations in this area remains the amount of data that will be generated, how this data will be used, and how it will impact investment decisions.
In Episode 22, I shared insight around Uber and Volvo’s partnership for a fleet of self-driving cars, along with Uber’s plans for test runs of Uberair flying taxis across 3 cities in 2020. I continue to stress the extent of changes to all industries and daily life as a result of intersecting exponential technologies. The realities of this will be seen in traditional industries such as transportation, where companies like Uber and Lyft are linking public transportation, robotaxis, scooters, bikes and even flying taxis, becoming a one-stop-shop for getting from point A to point B.
Incase you missed how Rokk3r’s ecosystem is participating in creating the new, global transportation economy, click here to read about Bolt Mobility.