It’s remarkable how swiftly technological advancements can alter the landscape of innovation. Reflect back to 1994, a time when connecting to the internet meant enduring the dial-up drama that plagued households.
Picture the frustration of waiting as your computer emitted those infamous dial tones, every second feeling like an eternity. Yet, this was the reality of the time, a stark contrast to our current era where streaming movies online is as commonplace as breathing.
The internet itself had humble beginnings in 1969 with ARPANET, evolving over time with milestones like the inception of the Transfer Control Protocol/Internetwork Protocol in 1983 and the arrival of dial-up services by 1992, exemplified by AOL. Nonetheless, users’ patience continued to dwindle with increasing internet speeds and technological prowess.
By 2009, web performance analyses by Akamai highlighted that the average visitor’s attention span for website loading was a mere two seconds, with e-commerce visitors willing to wait just 2.4 seconds before abandoning slower sites. Speed had become the name of the game.
Today, amidst the dawn of the AI Revolution, the narrative is evolving even further. Artificial Intelligence is pushing boundaries at an unprecedented pace, demanding enhanced computing power and accelerated speeds to sustain its momentum.
Initiatives like ChatGPT are merely the tip of the iceberg. With each passing day, AI’s applications are expanding, weaving intricately into our lives. Profound breakthroughs are emerging in personal technology, hinting at a future where AI seamlessly integrates into our daily routines.
The Groundbreaking “Miracle” of Smart Glasses
In 2023, an alliance between Meta Platforms Inc. (META) and Ray-Ban birthed a transformative innovation – smart glasses tailored to aid visually impaired individuals in real-time visual recognition.
These remarkable spectacles empower users with instant object identification capabilities. A simple query by the wearer activates a sequence:
- The glasses capture an image of the user’s surroundings.
- The image is swiftly transmitted to a smartphone, which then transmits it to an external AI processing center.
- The AI center swiftly analyzes the image and dispatches a textual description back to the smartphone.
- The glasses vocally articulate the AI-driven response for the user.
Crucially, this entire process unfolds within a staggering timeframe of under two seconds.
Despite prior attempts at smart glasses, this latest leap marks a significant milestone in the tech realm. Giants like Google have ventured into this space with Google Glass, envisioning a future where smart wearable devices redefine human interaction with technology.
Unleashing the Potential of Virtual and Augmented Reality
The Rise of VR and AR
In the annals of tech history, Google Glass remains a cautionary tale – a bold venture that stumbled under harsh criticism, ultimately succumbing to the merciless winds of public opinion. Introduced in 2013, the wearable gadget promised a transformative, hands-free, augmented reality experience. Yet, it was met with skepticism and privacy concerns, leading to its premature discontinuation within just two years.
But like the mythical phoenix, the realm of virtual and augmented reality has risen from the ashes of Google’s misstep. In this new era, where the impossible is within reach, the linchpin enabling this remarkable comeback is the integration of a trove of artificial intelligence (AI) into these revolutionary products.
Now, industry behemoths like Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Alphabet Inc. (GOOGL) are gearing up to stake their claim in this emerging landscape, with cutting-edge offerings poised to catapult VR/AR devices into the mainstream in the months and years ahead.
Empowering the AI Revolution
Underpinning this era-defining convergence of virtual and augmented reality with AI is the unsung hero – NVIDIA Corporation (NVDA). The subtle yet pivotal role played by NVIDIA in revolutionizing AI infrastructure cannot be overstated.
As researchers strive for pinpoint accuracy in AI output, the necessity of incorporating larger, more intricate AI models becomes glaringly evident. These sophisticated models, while refining and enhancing answers by feeding output back into themselves, demand substantial processing power and time.
In the realm of user experience, however, speed is paramount. The average user cannot afford to wait idly for lengthy processing times, necessitating the deployment of smaller AI models. Yet, the trade-off for speed is a potential compromise in accuracy, opening the door to errors and distortions akin to digital hallucinations.
Enter NVDA’s H100 flagship GPUs, delivering a whopping 50% boost in performance compared to competing versions from Advanced Micro Devices Inc. (AMD). This marked edge translates into a significant reduction in model run times, transforming a 2.5-second wait into a brisk 1.7-second affair. The priceless currency of time in this AI arms race emphasizes why NVDA’s premium processors, despite a modest speed advantage, command prices two to three times astray of their competitors. In this cutthroat AI landscape, no data center can afford to lag even by a millisecond.
Navigating the Path to Profit
Amidst the AI renaissance, NVIDIA emerges as a shining beacon of success, boasting a meteoric 2,700% surge in our position at Growth Investor. Yet, this stellar performance could be merely the prelude to a grander narrative set to unfold in the coming years.
As we stand at the precipice of the AI Revolution, bracing for an unprecedented pace of global transformation, a select cohort of stocks is poised to reap the bountiful rewards. Beyond the realm of NVIDIA, a slew of companies are poised to harness the potential unleashed by this epochal shift.
This tantalizing prospect prompted the creation of a bespoke report, featuring a meticulously curated roster of top-tier AI and quantum computing stocks primed for investment. The volatile arc of the stock market dictates that the time to act is now; procrastination could potentially prove costlier than envisaged, leaving investors ruing missed opportunities.
So, as the cogs of change churn inexorably, don’t merely stand on the sidelines. Prepare to seize the imminent wave of transformation and capitalize on the unrivaled potential that lies ahead.
Sincerely,
Louis Navellier
Editor, Market 360
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Microsoft Corp. (MSFT) and NVIDIA Corporation (NVDA)