Page 30

R O B O

IF THERE’S ONE SINGLE INVESTMENT THEME TO TO UNDERSTAND, IT’S EMERGING TECHNOLOGY IN ROBOTICS AND AI. SOME INVEST IN THIS SECTOR AS A HEDGE AGAINST THE FUTURE, WHILE FOR OTHERS IT’S A HEDGE AGAINST THEIR OWN REDUNDANCY

T I

Investing in a Future of Automation, Robotics & AI

C S & A I

By Timothy Summers

26

T

echnology has been altering human life since time immemorial. Early humans learned through trial and error that wrangling large prey with their bare hands meant certain death. Instead, the human desire for survival motivated them to craft stone tools that radically changed everything. Sharpening a flint and attaching it to a piece of wood created a spear they could hurl into the flesh of dangerous game from a safe distance. That lowered the risk of being gorged or mauled by undomesticated beasts. But progress came slowly at first. The ancient ancestors of modern man had to rely upon the power of their own muscles, and information was passed along only by genes. Yet mankind’s antecedents evolved through their use of fire, spears and pottery. Later generations learned through experience and transferred their knowledge to others through signs, symbols, writing and logic. Eventually, the progenitors of contemporary mankind learned to use the energy of domesticated animals to perform hard labor, planted and cultivated crops to create agriculture, and shaped the elements of the natural world to invent metalworking. Much later, the Industrial Revolution signified the transition from expending energy by hand or beast to using machines for transportation and manufacturing. By the early 1900s, mankind had begun harnessing and controlling natural resources such as coal, oil and gas. By mid-century, scientists harnessed the power of nuclear energy. Those millennia of technological progress called for measurement, and economists began to gauge productivity, which increases when fewer inputs, such as manual labor, are required for the production of an output. In short, humans are defined as more technologically advanced when they produce more with less. With that as the basis of progress, sociologists like Daniel Bell suggest that in a post-industrial society knowledge and services

luckbox | june 2019

1906-topics-summers.indd 26

5/2/19 11:29 AM

Profile for luckbox magazine

June 2019  

If there is a single sector that investors need to understand to navigate opportunities in the years to come, its Robotics, Automation and A...

June 2019  

If there is a single sector that investors need to understand to navigate opportunities in the years to come, its Robotics, Automation and A...

Profile for luckbox