 | | Andy Snyder
Founder | There's a lot of talk about artificial intelligence right now. Stocks and cryptos related to the topic are surging in price - some have already more than doubled - as investors pour in with their speculative dollars. It's a worthy thought. But be careful. The bubble is already quite full, and the profits may not come from where you expect. [Stock Under $2: Last Value Play on Earth?] Indeed, the companies bringing AI to the world will be rewarded handsomely. They should be. Their technology will make businesses smarter, more efficient and much more profitable. AI could do what the internet did for the economy... times three. But right now, traders would be wise to look past the sky-high multiples and crowded plays and instead turn their attention to the companies that are quietly using AI to significantly boost their profits. It's another "rich get richer" trend. Take the energy sector, for example. It's not exactly the first industry most folks think of when they hear the term "artificial intelligence." And yet, Big Oil is using this new computing power to turn its massive trove of data into massive profits for shareholders. BP (BP), for instance, isn't using AI just to get more oil out of the ground. It's investing in the technology. It has taken a stake in a handful of companies that use AI to do everything from spotting leaks to identifying the best places to find new oil and gas reserves - a move that could reward investors with billions in profits if it's even remotely successful. Or how about Exxon Mobil (XOM)? It recently teamed up with Microsoft to figure out which pieces of its drilling equipment are likely to fail. By allowing Exxon to get ahead on replacements, the technology is expected to boost productivity by as much as 50,000 barrels of oil per day. That's $4 million per day... or $1.4 billion annually. Again... with this technology, the rich are getting richer. A Game Changer But I'm not done. Shell (SHEL) is already using AI in more than 100 projects across its platforms. The technology helps it with managing electric vehicle fleets... shipping... and, of course, drilling. One very interesting project - which is sure to be controversial - is BP's use of technology from a British startup that allows machines with AI-based "computer vision" to scan satellite images and determine how well an ecosystem is absorbing carbon. It could be a game changer in the global warming arena. | SPONSORED | | Look at What Biden Is Up to Now! You have every right to be upset at the politicians who got us into this mess. Money printing always ends in disaster. That's why the senior-most Dealmaker for the U.K.'s Department of International Trade flew to the U.S. to deliver a critical message. To see what he said, click here.  | | | The buzz du jour is about ChatGPT. It's great technology that will change a lot of things. But I fear most investors are missing out on the true power of the latest AI developments. This technology won't just write better movie scripts (yawn)... It will boost efficiencies and enhance profitability across the economy. And as usual, the bigger a company is, the more it will be able to leverage the technology... and the more profits it will hand to shareholders. There's opportunity in the companies bringing AI to the market. But the real spoils right now will go to the traders who seek out the under-the-radar AI users that will see booming margins because of what's happening. The energy sector and its record-shattering profits just proved it. Manward Letter readers can look forward to more on AI - and a $9 tech stock that's profiting from AI right now - in their latest issue, which will be released tomorrow. Be well, Andy Want more content like this? | | | | | Andy Snyder | Founder Andy Snyder is the founder of Manward Press, the nation's premier source of unfiltered, unorthodox views on money and what it means for a free society. An American author, investor and serial entrepreneur, Andy cut his teeth at an esteemed financial firm with nearly $100 billion in assets under management. He's been a keynote speaker and panelist at events all over the world, from four-star ballrooms to Capitol hearing rooms. | | | | 
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