May 2023
It's rare when you spend Seven trillion dollars in three years (2020 Covid) and stare at economic contraction.
Who cares about all that when a Terminator robot right out of the classic 1980 film (Arnold Schwarzenegger) is bound to take your job? “ I'LL BE BACK”
A.I. Artificial intelligence will be the next significant investment of our lifetimes, and it's precisely what we need to re-create a new economic model here in the good old USA.
We need help with repetitive tasks, factory jobs, And routine service models; the common theme is the lack of a consistent workforce.
A.I. can replace that and more. We are in the early innings of a massive productivity revolution.
When I first started reading the attached document from Raymond James on Artificial Intelligence and its benefits, it took me back to when I was a kid, trying to explain to my parents why AOL instant messenger was the coolest thing ever.
Flashback to 1992:
Cushing Academy boarding school, L dorm, room 2, window seat desk, Saturday, fall of Freshman year. I fired up my Mac Classic II, and there was a loud chime from the rear, and the hard disk spun. Happy Mac face, I am good to go.
This silly afternoon hobby was the start of people wondering about the benefits of Apple’s Macintosh, AOL’s instant Messenger, Cisco’s dial-up router, and rumors of a phone you could call from your car (aka the first cell, Motorola)
But in reality, all I talked about on instant messenger in 1992 was Terminator 2 Judgement Day and Girls.
Silly statements! In adult land, the parents of Cushing Academy were talking to their brokers on Wall Street; 1992-2000 was one of the most significant growth periods ever!
Today, AI could be just the start of a highly prosperous new technology revolution allowing companies worldwide to grow margins, keep costs down, and increase productivity.
I don't need to remind you that Wall Street loves fat margins.
Cheers
Christopher Lakian
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