Imagine a mystical journey with "Hannah," a palindrome which means grace in Hebrew that spans the colors of a rainbow—full circles when viewed from above the clouds—embodying hope, harmony, and unity. Just like a rainbow bridges the gap between Earth and sky, "Hannah" connects us to the essence of humanity's evolution and breakthroughs involving AI.
In this magical journey, we explore the potential of AI in uplifting humanity which is in the area of mobility and helping people connect with one another through the clean energy electric vehicle (EV) sector, revolutionizing the energy transition for a sustainable future. Much like how a rainbow paints the sky with vibrant hues, AI has the power to paint a brighter tomorrow for Generation Alpha and beyond.
Happy Pathway: AI grounded in love and kindness to transform humanity
The rise of AI is propelling industries to new heights, and the EV market is just one example. AI can bring improved performance, better safety features, and increased efficiency to EVs. With EVs projected to constitute a significant portion of light vehicles sold in the US by 2030, the potential impact of AI integration is immense. This growth is reminiscent when the tech titans of the dotcom era's Yahoo! acquired for $49 million the startup Viaweb, a maker of tools for building and operating e-commerce sites, rebranded as Yahoo! Stores, co-founded by Paul Graham, the co-creator of Y Combinator, the accelerator that has helped companies from Airbnb to Stripe grow up and become giants.
Back then, at the time of the acquisition in 1998, internet-based selling was $2.4 billion, Forrester Research predicted to increase six-fold to $12.1 billion by 2000. Today, according to Forbes, the global e-commerce market is expected to total $6.3 trillion in 2023. Even more compelling of where we're headed by looking backwards is recognizing that Amazon's total sales at the end of 1997 was $148 million, an immaterial figure in comparison to its most recent quarter ending results of $134 billion at June 30, 2023, or $514 billion for the full year ended December 31, 2022.
Moreover, looking at the present world e-commerce level, which if a country, would place it as the third largest nominal GDP after the U.S. ($26.8T) and China ($19.4T), but still relatively small when considering it's only 6% of the global total, and there are 8 billion people on planet earth, expected to reach 9 billion within thirty years, and perhaps 11 billion by 2100, when a Generation Alpha newborn today reaches 80 years of age, which given medical breakthroughs and science will may be the new sixty or fifty for some based on genetics and a healthy lifestyle.
Therefore, there's tremendous growth, opportunity, and a whole set of new industries that'll arise, particularly when 100% of global commerce will involve either business to business (B2B), business to consumer (B2C), consumer to business (C2B), and even consumer to consumer (C2C) transactions taking place in some form over the cloud, especially when digital assets for payments are widespread, and eventually the only option as physical currencies are phased out, of which AI will, of course, handle the issuance, authorization, and settlement of these payments, not to mention the exchange and custody of these virtual currencies that today amounts to $1.18T, with Bitcoin ($566B) and Ethereum ($220B), 48% and 19%, respectively of this global market capitalization. Taken together, digital assets represent only 14% of the total value of notes and coins in circulation, estimated by the Bank for International Settlements (BIS) estimated it to be $8.28T U.S. dollars, across 20 major countries plus the euro area in 2021, its most recent estimate. Again, eventually it'll be 100% of this level, all circulated in the cloud with AI doing its part to keep the currencies flowing. Bottomline, it's super early.
Therefore, AI's implicit growth rate is mind boggling when taking that into account, much higher than the year over year change in market size that attracted Amazon's founder to the Internet as a motivation as a Princeton alum who quit his job working at a hedge fund, which can be highly lucrative as a career path.
Taking into account these historic growth rates, combined with world birth rates and widespread EV adoption, it shouldn't be unbelievable that AI will greatly surpass the Internet Boom as argued by Bridgewater Associates hedge fund founder and CEO Ray Dalio. AI will touch and enhance every sector, performing seemingly impossible tasks such as predicting EV charging behavior, optimizing charging schedules, and providing dynamic pricing for charging services.
By analyzing real-time power system conditions, AI can maximize the efficiency of charging schedules and support renewable energy sources like solar. Moreover, AI enhances vehicle safety by enabling advanced driver assistance systems (ADAS) that detect and avoid potential road hazards.
The AI revolution is gaining steam, powered by science, technology, engineering, arts, and mathematics, which can clearly be felt. We see it in both the public and private sectors, such as the City of Chicago which has started enrolling people who live in the city with an ID card that's integrated with its CityKey program that currently has integration with the Chicago Public Library, serving as a library card, the Chicago Transit Authority's Ventra card, enabling riders to catch the bus and train, a rewards feature for discounts at local bars and restaurants, pharmacies, stores, and so on, plus card functionality for electronic payments in association with the major card networks.
The fintech leader for business to business (B2B) payments, WEX, Inc. (Analyst Consensus: ACCUMULATE), just announced its newly created $100 million venture capital fund exclusively dedicated to the EV sector.
Within the EV sector itself, Tesla now requires all of its drivers and even riders to agree to a set of data sharing privacy rules for its EVs on the road, such as charging data analytics for identifying new locations for its network of Superchargers. It's only a matter of time before this information will be linked to accounts, vehicle identification numbers (VIN), and shared with third parties.
Thus, EV mobility data sharing will be a goldmine industry that presently doesn't really exist that AI trained models will accelerate the proliferation of the next batch of startups like what happened in the dotcom era but significantly greater in size and global scope. Possibly by decade's end and definitely by the next, there'll be the emergence of the first individuals to accumulate a net worth in excess of $1 trillion, achieving the status of a trillionaire, which isn't even a word recognized yet by most autocorrect systems.
Indeed, AI stands as an unparalleled creation of humanity, possessing unmatched power and potential. Yet, it remains fundamentally a tool, akin to any other equipment, devoid of emotions. As industries, like EV, embrace AI's advantages, we mustn't overlook the crucial element of human emotion, particularly love and kindness, woven into its very essence. Neglecting these emotions would tip the scales, leading to costs outweighing the benefits of AI. History might echo with tragic repetitions until we grasp the vital lesson and get it right. Let us not forget the profound significance of the Golden Rule, founded on love and kindness towards our fellow human beings, rejecting fear and hate.
By embracing these principles, we can end the continuing saga of between civilizations that lead to war, power struggles over resources and ideologies, and even devastating thermal nuclear warfare fought on a global scale that will only cause sorrow, pain, anger, and death for countless lives with the healing of nations taking many generations, while leaving scars that will never go away, preventing the cycle from not repeating itself as history has shown time and time again, as human being’s created by a loving God find new and more powerful ways of hurting each other rather than embracing one another in friendship and love.
We have the opportunity to avoid this fate by remembering what the Rainbow stands for, a covenant between God and His people every time one appears in the sky.
The Rainbow Unites Us All
As we weave these intriguing tales, one truth emerges - the power of unity and collaboration. AI's potential lies not only in technology but also in fostering human-to-human engagement. Through shared platforms such as huggingface.co/sirroygbiv, creativity blooms, and language models are nurtured. A harmonious symphony of ideas emerges, paving the way for a brighter and inclusive future.
Together, we embrace the meaning of "Hannah" - a bridge connecting humanity's past, present, and future. Just as a rainbow unites the diverse colors of light, let us unite our hearts and minds, hand in hand, for a world uplifted by AI breakthroughs, where humanity thrives and the Good News of hope and progress resonates across the globe. The journey has just begun, and together, we shall paint the sky with the colors of dreams fulfilled.
Copyright ©️ 2023 Sir Roy G. Biv
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