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Investing in the future: What can we learn about tomorrow at SXSW?
Thousands of people wonder what would have happened if they invested in a tech company that experienced dramatic growth shortly afterward. Business Insider noted that investments in Google, Amazon and Yahoo at each company's initial public offering would have potentially snowballed into massive earnings depending on how much you put down. Putting just a fraction of your earnings from paid surveys into company investments could have potentially made you rich before.
Investing now is a bit harder. Everyone knows about the high value of these organizations' stock options, and the prices have increased accordingly. The trick would be to find a successful company before its big break, but doing that is easier said than done.
Finding the next big tech company is difficult, but you can learn a thing or two by analyzing some trends at the annual meeting of the minds at South by Southwest. Next time you're thinking about making money online and using it to invest, consider a few of these trends that have been spotted at SXSW.
Autonomous cars are big business
Most new organizations are content reporting about the endeavors of Elon Musk and his work at Tesla. The entrepreneur is eagerly working to make electric cars sexy, affordable and, ultimately, popular among the average consumer. Perhaps less reported on is the future for autonomous vehicles - cars that drive themselves.
Believe it or not, Google, Mercedes-Benz and others have already tested these cars of the future on the road, and many people are confident the technology will be making a huge impact on roads in the near future.
"I think in ten years if not five years we are definitely going to have cars that are fully autonomous," said C-3 Group president Doug Newcomb, according to KRQE News. "They drive themselves. I've tested them, ridden in them. The technology is going to be here before we know it."
Robots are dangerous (but inevitable) business
Despite that excitement over cars that drive themselves, many are growing concerned about interest in artificial intelligence and what it could mean for mankind. This took the form of a rally against robots at SXSW recently. Like something out of "Terminator" or "The Avengers: Age of Ultron," protestors spoke about the fear of robots with artificial intelligence making decisions without moral reservations.
People protest things all the time, though, and conspiracy theorists aren't a viable source to base an investment off of, so consider this: Elon Musk, Stephen Hawking and Bill Gates have all voiced serious concerns about the creation of super intelligent technologies, according to Tech Times. While these intellectual leaders theorize that advancements in artificial intelligence could have dangerous repercussions, none of them predict that researchers will stop pursuing the technology.Thus, people like Musk have already invested in groups like the Future of Life Institute, whose goal is to ensure future automated systems remain safe.
There's no telling what businesses or services will be tomorrow's high-profit investment, but self-driving cars and artificial intelligence are two of the best guesses at the SXSW festival.
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