Today’s artificial intelligence (AI) boom reminds me of 1995 in the internet space…
Back then, whenever I mentioned the internet to people, they thought I was insane.
I remember pitching an internet startup to an investor at the time.
He went to an internet café and got online to test it out. And he told me, “I can’t invest in this. There’s nothing here!”
And I said, “You’re right! But this technology is going to change the world. You’re just seeing the first stages… Within a few years, everything we buy will be over the internet.”
People couldn’t understand that back then. They couldn’t grasp the revolutionary and groundbreaking potential of the internet.
What they needed to see was a catalyst for mass adoption…
And on August 9, 1995, they saw that spark. That’s the date Netscape launched its initial public offering (IPO).
[An IPO is the day a private company lists on a public exchange.]
At that time, the internet had already been around for over 15 years. But there were just 16 million internet users. Just 0.3% of the world’s population used the internet.
Then Netscape Navigator blasted into the world, making it easy to “surf the net,” and everything changed…
Navigator was a user-friendly web browser. You didn’t need to know anything about computer code to use it. And anyone with a modem could browse the internet with ease.
By the end of 1996, the number of internet users had skyrocketed to 36 million – an increase of 125%. Five years later, the internet had half a billion users.
It thrust the internet into the mainstream… It ignited the dot-com craze from 1995–2000… And it marked the shift to the Internet Age.
The “Netscape moment” was the spark that lit the fuse on $5 trillion of investor capital that exploded into internet stocks in the latter half of the 1990s.
It showed Wall Street could make billions in an entirely new industry.
I’m telling you this because AI is having its very own “Netscape moment.”
And it started with the launch of ChatGPT in November 2022.
Friends, ChatGPT is a game-changer for AI. But it also has a serious flaw. Below, I’ll tell you what this “woke” flaw is… and who‘s solving it.
The AI “Netscape Moment”
ChatGPT is an AI chatbot that can respond to questions and write content like articles, social media posts, emails, and more.
Before ChatGPT, whenever I mentioned AI to other people, they’d roll their eyes. Almost no one understood what AI was or what it could do.
For most folks, it was like talking about time traveling. They thought it was just science fiction… and something that would never become a reality.
But ChatGPT changed all of that.
Just like the first internet browsers, ChatGPT gave everyone the ability to easily interact with AI right from their computers.
Now anyone can see with their own eyes that AI is generating its own articles, its own answers, and its own ideas.
And because of that, AI is absolutely exploding… Just like the internet did in 1995.
But this time, there’s one big difference: AI adoption is 42 times faster than the internet.
Nobody has ever seen anything like this. Just to give you an idea, it took Netflix three-and-a-half years to reach 1 million users. For ChatGPT, it took just five days.
It’s truly a gold rush – much bigger than what we saw with the internet in the mid-1990s.
If you’re one of my longtime readers, you know I started covering AI eight years ago, when most people thought it was just science fiction.
In December 2015, when nobody was talking about AI, I sent this note to my readers, and I predicted:
In the same way that the computer defined the latter half of the 20th century, the 21st century will be defined by artificial intelligence.
I also recommended shares of Nvidia and said:
I’ve never found a company that possessed the ability to go up as much as Nvidia will. It’s poised to become the next tech giant because of its pioneering work in the field of artificial intelligence.
Earlier this year, Nvidia crossed the $1 trillion market cap, joining other Big Tech companies like Microsoft, Google, and Apple.
Anyone who listened to me when I made that call on Nvidia in 2015 would have seen gains of over 5,924%.
But what I couldn’t foresee is that AI would have a serious problem. And based on my research, Tesla CEO Elon Musk has the solution…
Is AI Going “Woke”?
A few years ago, Musk left OpenAI (the company behind ChatGPT) because he didn’t like the direction the other partners were taking the company.
In fact, ChatGPT has been recently criticized for giving a lot of wrong answers and being politically biased. Some have even called it “a woke AI.”
Even Musk said, “The danger of training AI to be woke – in other words, lie – is deadly.”
For example, ChatGPT refuses to promote the use of fossil fuels. And it makes offensive jokes about men but not women.
The app also praises President Joe Biden, but it won’t make positive remarks about former President Donald Trump.
That’s why Musk is working on a new AI project. He’s on a mission to create a better version of ChatGPT.
In my view, nobody in the world has more real-life AI experience than Musk.
For years, he’s been working on AI to build self-driving Teslas.
If you think about it, Musk basically developed a brain that can drive a car, which is a highly complex endeavor. All that experience gives him a huge advantage against his competitors.
As Musk said: “I don’t think there’s anyone even close to Tesla on solving real-world AI.”
And his AI background doesn’t just come from Tesla.
In 2011, Musk also became an early investor in DeepMind… an AI company that was later acquired by Google.
And as I mentioned above, in 2015 Musk founded OpenAI, the creator of ChatGPT. In a CNBC interview in May, Musk said he was “the reason that OpenAI exists.”
He’s the most qualified person in the game to launch his new AI project … But for that project to take off, it needs specialized computer chips.
That’s where my latest recommendation comes in. This company produces some of the most important, most advanced AI chips in the world.
It’s already supplying Musk with a key piece of AI technology that makes self-driving cars possible.
Now, Musk has been tight-lipped about this new project. But he’s hinted at the potential supplier.
When The Washington Post asked him about his new venture in July, Musk said: “We are going to work with Tesla on the silicon front and maybe on the AI software front as well.”
Friends, I believe Musk will win this AI race and make a lot of people rich… just like he did with his other ventures like PayPal, SpaceX, and Tesla.
And if you can invest in the company supplying his project before the rest of the world catches up, you’ll be on the right side of history during today’s AI boom.
Let the Game Come to You!
Big T