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How Conservatives Can Use Artificial Intelligence for Good

You’ve certainly heard a lot about artificial intelligence — though most of it is generating an extraordinary level of fear… 

Of course, fear of something artificial, well … that’s legit. 

Fear that computers will maybe take over what we do…

And turn us all into basically servants of the robots…

And maybe some people even fear that the world will come to an end. 

But what about hearing the positive side of AI and how it could help provide even some major breakthroughs if launched in the right direction? 

Maybe it could straighten out our education system that now teaches that boys can just imagine themselves to be girls … that colonialism ruled the world and ruined it … or that Israel is on the wrong side of history in the Middle East. 

Could it help businesses with better productivity? 

Could it help us build homes that are more efficient or run our electric systems so that they use less power? 

And what about saving lives? 

Could AI help cure some of the diseases that scientists have grappled with for decades? 

Well, recently on my TV show I talked to one of the experts on AI, Senator Mike Rounds of South Dakota. He sits on a Senate committee that deals with all of the potential of artificial intelligence. 

Afterwards, I asked our Investment Director, Charles Mizrahi, on his take on what AI will do to our economy, our markets and our portfolios. 

Charles’ answers were shocking. But before we get to the investment implications, let’s see what Senator Rounds had to say about the government’s involvement in AI… 

Gov. Huckabee: Senator, you were one of the people that talked about Artificial Intelligence, or AI. You have been on the committee that deals with it. Perhaps maybe most fervently give us sort of the big picture. What is AI? Why is it important to every American family and how could it affect us?

Mike Rounds (R-SD): (I) appreciate the opportunity again to talk about it, and this is something which all Americans should truly be excited about. 

Artificial intelligence… 

We used to call it machine learning, and then some of the folks that did it realized that there’d be more money in it, if you called it artificial intelligence. 

But it means using computers that can make decisions really, really fast and the better and the more data they have to look at, the better the decision-making process. It can make mistakes and it can make really good decisions in a very short period of time, depending upon how well it’s been trained. 

I’m just going to tell you right now, I am not an expert at it. I’m probably in the third-grade level on this stuff, but that’s the way most people in the country are. There’s a group of four of us who got together, two Republicans, two Democrats, and we said, look, we need to keep this on a bipartisan basis because this is too important to not keep America at the forefront. 

Artificial intelligence is not going away. If we don’t stay ahead of it. Our adversaries in China and in Russia and North Korea, Iran, they’re going to do it now…

We can either develop it using an ethical background and based upon our guidelines and our approach to life, or we can allow the folks to set the standards that live in Russia or China, which would be entirely different. 

So we want to do it in such a fashion that the guidelines for the development of artificial intelligence and the way that people are treated with it are based on American values. That’s the beginning. Second piece on it is this, it is already being used in our defensive capabilities, both for offensive purposes and defensive purposes, the same as our adversaries. 

We can either have it stay that way where we’re on top of it, but if our adversaries have better capabilities with the using artificial intelligence, meaning that they can make decisions on weapon systems and so forth faster, then they can defeat our systems. 

We can never let that happen. If you really want to deter aggression, it just means you’ve got to be bigger and better and let the other guys know that you’re bigger and better, and then they don’t think about trying to test you. That’s all about, so we’re going to be investing some money in artificial intelligence on the defensive and offensive side for the defense of our country, but even more than that, people are seeing it right now in all sorts of commerce… 

You see it in financial services. You’ll see it in the way that we control our utilities. That’s happening today as well. Energy development, the same thing is going to be occurring, but also in a couple of other areas. 

You see it in social media and not necessarily in a positive light. What you see there are people by telling people that things are, lots of people are interested in certain subject matter based on the number of hits that some of our social media get, but a lot of that can be manipulated using artificial intelligence. 

We’ve got to make sure that we use guidelines that restrict that and limit that. We also want to make incentives so that the fastest and best systems for collecting data and using data reside here in the United States. 

Two things have to occur. You’ve got to have both open source databases, meaning everybody can contribute to it and everybody can access it, and you’ve got to have some proprietary databases, which is a whole lot of information, but it’s of a very sensitive nature, whether it be for defensive purposes or for healthcare purposes. 

Look going forward, I think the quality of life of people that live in America is really going to be impacted specifically with regard to healthcare. If we do this right and we make it available through Medicare, through Medicaid for fighting cancers or delaying the onset of Alzheimer’s, delaying the onset of Parkinson’s, we can do that efficiently. 

We can improve the quality of life because of the decision-making process about what works and what does not work in a much faster method than traditional medicine can do. If we do this correctly, the American public will see an improvement of the quality of life like they’ve never seen before. I’m optimistic about it, but I also recognize that if we do it wrong and if we don’t stay on top of it, and if we don’t make sure that the bad guys don’t get it, then we’re going to be suffering because they will manipulate it, and that’s what we’ve got to protect against. 

Charles Mizrahi agrees with Senator Rounds. Below, Charles outlines how Conservatives should play the rise of AI for the biggest portfolio gains… 

Gov. Mike Huckabee 

Editor’s Note: You can watch Governor Huckabee every Saturday night on TBN on his show, HUCKABEE, at 8 p.m. ET.

Huckabee’s Daily Bible Verse

For I the Lord thy God will hold thy right hand, saying unto thee, Fear not; I will help thee.

~ Isaiah 41:13

AI Will Make DOW 100K Possible…

Inevitable…

That’s the only word I know to describe it.

Artificial intelligence (AI) is going to drive the Dow Jones Industrial Average to 100,000 over the next decade … if not sooner.

Every industry in the U.S. will benefit from AI.

It will add billions and billions of dollars … on a yearly basis to wealth creation. U.S. GDP for 2023 was more than $27 trillion.

If AI increases GDP by just 5% … that would come to more than $1 trillion!

In that context, my estimate of Dow 100K might be too low.

As AI continues to unfold there’s no doubt the impact on the world economy is going to be huge.

Some estimates I’m seeing project that by 2030, AI could contribute $15.7 trillion to the global economy. That’s almost as much as China’s GDP.

So, here are three more industries you can invest in today for the rise of AI and Dow 100K…

No. 1: Agriculture ($2.6 TRILLION)

AI can help with crop yield optimization, precision farming, and agricultural robots for harvesting and pest control.

My favorite agriculture company is the 186-year-old Deere & Company (NYSE: DE).

Deere is quickly becoming one of the world’s leading robotics and AI companies.

In fact, in January 2023, Deere was the first agriculture technology company to present on the main stage at the Consumer Electronics Show (CES).

The company has more than 500,000 connected machines.

With their equipment connected to the cloud, customers can manage complex operations and ensure the health of their equipment, all with real-time data.

No. 2: Entertainment ($1.2 TRILLION)

AI is being used for personalized content recommendations, computer-generated imagery (CGI) in movies, and creating immersive gaming experiences.

Imagine being able to have AI create a custom movie while you’re at work.

It won’t be long before that’s a reality. You may even be able to include the likeness of a deceased actor.

I wouldn’t want to be a Hollywood writer or executive right now.

AI programs could put a permanent dent in the multi-billion-dollar entertainment industry.

No. 3: Finance ($2 TRILLION)

AI is being used for fraud detection, risk assessment, algorithmic trading and customer service (chatbots).

Jamie Dimon — Chairman and CEO of JPMorgan Chase & Co. — just wrote about it.

Each year he addresses the most important issues facing JPMorgan — and this year, it was the impact of AI.

“We have grown our AI organization materially. It now includes more than 2,000 AI/machine learning experts and data scientists.”

But what caught my eye was how he described AI.

He wrote that it could possibly be “as transformational as some of the major technological inventions of the past several hundred years.”

How transformational? “Think the printing press, the steam engine, electricity, computing and the Internet, among others.”

That’s why I’ve been positioning our Alpha portfolios to benefit from the growth in AI for the past few years.

And finance is an industry that will benefit greatly from AI.

Dow 100K is coming.

It’s not a matter of if … but when.

And you don’t need to buy into the Dow Jones (DIJA) to benefit from its rise…

The big gains will be made from the companies leading the AI disruption. You’d be wise to act accordingly. 

And you can thank Gov. Huckabee and me later! 

Regards, 

Charles Mizrahi,
Founder, Alpha Investor