Investing in “Moonshots”: 7 emerging technologies to watch
Keep an eye out for these emerging “moonshot” technologies. Since the dot-com bubble of the early 2000s, new, complicated and often …
Keep an eye out for these emerging “moonshot” technologies.
Since the dot-com bubble of the early 2000s, complicated and often incomprehensible new technologies have quickly emerged and have become firmly entrenched in everyday life, such as one-click online shopping, Facebook friends, and fully electric and autonomous vehicles. Today, technological transformation is advancing faster than humans can imagine, and investors should take note. Since the 1990s, more than $ 56 trillion in new wealth has been created in the stock markets, but only 1.5% of companies are responsible for this wealth creation, many of them disruptors legendary technologies like Microsoft Corp. (ticker: MSFT), Apple Inc. (AAPL), Facebook Inc. (FB) and Amazon.com Inc. (AMZN). What’s the next big trend? A recent Bank of America Global Research report recommends that investors put these seven “moonshot” technologies on their radar, ranging from the inevitable to the seemingly impossible.
In a short time, cellular networks have evolved to handle the growing amount of data the world is producing. Today, 5G networks are ready to process this generation data. But according to Bank of America, if “global data doubles every two or three years, by around 2028, global data capacity will exceed current 5G capabilities.” Step into 6G, capable of downloading all data from the Internet in “just” 17,000 years, a huge improvement over the 830,000 years on 5G networks. According to Bank of America, 6G technologies are expected to begin around 2030, with a market cap of $ 1.77 trillion by 2035 and disrupt sectors ranging from the obvious – telecommunications via network upgrades – to at least obvious, like data center REITs, semiconductors, and cybersecurity. One way or another, all of the following emerging technologies rely on the processing capabilities of 6G.
Previously a term derived from science fiction novels, “metaverse” today refers to integrated virtual environments where people or their avatars can engage in ordinary activities such as shopping, socializing or dining, often through a reality headset. virtual and always without leaving their home. Additionally, the Metaverse will also redefine video games, making them more immersive through 360-degree experiences and creating new interactions between players and their environment. If that sounds too futuristic, Facebook, Microsoft, and Walt Disney Co. (DIS) will confirm it. In 2014, Facebook acquired virtual reality company Oculus VR for $ 2 billion and has since launched beta phases for VR communities and workrooms. Meanwhile, Microsoft has invested in a “corporate metaverse,” which aims to create a digital twin for anything logical or physical, and Disney is considering a “theme park metaverse” where users can “visit a galaxy far, far away without ever leaving their home, ”according to former chief technology officer Tilak Mandadi.
Holograms take the metaverse one step further, using light to create life-size, scale representations of any graphic a computer can render. Ahead of Super Bowl LV last February, famous coach Vince Lombardi, who died in 1970, appeared in front of the crowd and gave an exciting pre-game speech in hologram form. And in May, tech company Musion 3D reunited loved ones 400 miles away for a one-of-a-kind holographic dining experience. Beyond those publicity stunts, expect holograms to speed up homework, transform schooling, and add a tinge of reality to the nascent metaverse. Holograms will also increase demand for cloud computing and 6G; According to Bank of America, a hologram display on a mobile device requires at least half a terabyte per second, far more than 5G can handle. Currently, Microsoft has developed HoloLens 2, an augmented reality headset, and emerging start-ups include Hypervsn, AV Concepts, Digital Domain, and Base Hologram.
Perhaps one of the scariest emerging technologies to watch out for, brain-computer interfaces, or BCIs, connect the human brain directly with digital interfaces to increase human cognition and thinking. In 1997, IBM’s Deep Blue computer defeated world champion Garry Kasparov in chess, marking the first major victory for artificial intelligence. The next step: to merge human and machine intelligence. Many companies are already using BCI technology to find digital cures for cognitive and physically debilitating diseases, but in the future, BCIs could fundamentally change mankind’s interactions with smartphones or computers and do dangerous tasks and demanding the work of robots controlled by the human brain. Bank of America expects the market to reach $ 5.46 billion by 2030 and names Neuralink, Synchron and Neurable as startups to watch.
eVTOL stands for Electric Vertical Takeoff and Landing, a technology under development that could bring air taxis to life and reduce congestion on the roads. In 2016, Uber Technologies Inc. (UBER) published a white paper outlining its Elevate project, an on-demand air transportation system, increasing the viability and validity of a once-futuristic concept. Uber spent four years leading the project before selling it in 2020 to Joby Aviation Inc (JOBY) for an undisclosed amount. Last August, Joby closed a tie-up with Reinvent Technology Partners, a specialty acquisition firm led by LinkedIn co-founder Reid Hoffman, valuing the company at $ 4.5 billion in enterprise value and raising cash. balance sheet at $ 1.6 billion. The company expects to have fast, quiet and efficient taxis in the air by 2024. Going forward, Bank of America expects eVTOL technologies to disrupt the automotive and commercial airline industries while demanding more. of data processing capabilities and speeding up the need for 6G.
It should be remembered that a Tesla Battery Inc. (TSLA) was once hundreds of lithium-ion computer batteries stacked on top of each other. Since then, efficiency and capacity have improved, but almost all batteries remain lithium-ion, and maximum single-charge mileage and full lifespan may already have been achieved. In 2020, Contemporary Amperex Technology Co. Ltd. (300750.SZ), a Chinese company that manufactures batteries for Volkswagen AG (VWAGY), Tesla and Toyota Motor Corp. (TM), unveiled a battery that will last at least 1.2 million miles before needing replacement, compared to a current average of 150,000 miles, and would cost just 10% more. But that’s just the tip of the iceberg. NextGen batteries will likely be powered by solid state lithium, replacing the current flammable and environmentally harmful liquid solution and ultimately requiring far less mined metals and specialized chemicals, a major environmental benefit. Bank of America expects NextGen batteries to disrupt the automotive, metals and mining, chemicals and renewables industries.
Over the past 20 years, improvements in mining technologies and increasing regulations have both improved mining efficiency and slightly reduced its environmental footprint. Current mining techniques, such as surface mining, underground mining, and brine extraction, often release toxic chemicals into ozone, destroy land and natural habitats, and present working conditions dangerous for minors. Enter “green mining”. Green mining aims to reduce negative externalities associated with traditional practices as well as shift mining activities from the land to the ocean. In fact, according to Bank of America, “deep-sea mining could produce metals with 70% less CO2 emissions,” and the bank predicts that “by 2030, the global ocean economy could reach a gross value of approximately $ 3 trillion ”.
Seven Moonshot technologies to watch out for:
– Brain-computer interfaces
– eVTOL technology
– NextGen batteries
– Green mine
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Investing in “Moonshots”: 7 emerging technologies to watch originally appeared on usnews.com