Can AI do this job?
Yes, it can.
From a recent press release from the company.
"Carto" enables perfumers to perform at the peak of their creativity, delivering on an idea almost as soon as they dream it. This intuitive and interactive system functions a bit like a game, making centuries' worth of research available in a flash.
Firstly, the perfumer uses a wide touchscreen to select which raw materials they wish to mix. A special robot then produces an instant sample, using real ingredients and the best possible formula, at a speed that would be impossible using traditional methods.
Perfumers will always play a vital role in fragrance creation, and this pioneering new tool makes the process more efficient and enjoyable.
Charles gets right to the point:
If AI can disrupt even the ancient craft of perfumery, then there is literally no job in any industry anywhere in the world that is safe.
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In another sign that we’re entering the final phase of the AI boom…
Billionaires are now dumping Nvidia and investing in ETFs that have a broader market exposure.
Are AI stocks a bubble ready to pop?
Or is this AI boom just getting started?
Click here to see the answer from the legendary trader who predicted the rise of AI in early 2019.
How we can prepare today
The truth is we’re going to need AI to do a lot of the work in the future. The United States’ population simply isn’t growing fast enough to support our economy.
Charles shared the chart below to help make the point that our working-age population essentially flatlined in 2016 and is projected to start shrinking in about 20 years.
Charles goes on to describe how technological progress has always caused economic upheaval. We sit here now on the other side of all that, but we shouldn't forget that many people lost jobs during the industrial revolution, through automation, robotics, and the evolution of the Internet.
So, what's the big picture answer? Here's Charles:
Above all, the best advice I can give you is to AI-proof your investment portfolio.
That way, should you find your career on the wrong side of AI disruption, you'll still have the means to provide for your family and you won't be trapped in what may end up being a permanent underclass of Americans.
There are two elements to AI-proofing a portfolio. There's defense – protecting against the worst effects of AI disruption… and then there's offense – proactively profiting from it.
Charles then goes on to describe how to incorporate both strategies.
To play defense, he recommends seeking scarcity, buying physical assets, and buying quality companies with irreplaceable branding and trademarks.
For offense, Charles recommends investing directly in companies developing AI programs (think Microsoft and Apple), buying "picks and shovels" companies developing the materials that will be needed (like Nvidia), and investing in the energy infrastructure that will be needed as AI becomes ubiquitous.
The heart of The Freeport Society is "life, liberty and the pursuit of wealth." Here is how Charles phrases it.
Far too many Americans have lost the fiber that made this country the greatest place on Earth: good old-fashioned grit… the willingness to work hard and do the right thing.
Here at The Freeport Society, we say, "No thanks!"
We advocate free minds, free speech, and free markets. And the best way to secure your freedom is with smart investments. That's what you'll get with The Freeport Investor.
Charles has recommendations that capitalize on exponential progress, rebuilding the American empire, rejecting the ESG crowd and hedging against inflation risk.
Click here to learn more about Charles and The Freeport Investor.
Enjoy your weekend,
Luis Hernandez
Editor in Chief, InvestorPlace
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