what startup stock should you add to your portfolio?
by rick richardson
technology this week
twenty years ago, the idea of smartphones and electric automobiles looked like a pipe dream. however, as of today, 86.4 percent of the world’s population, or roughly 6.92 billion people, own their own smartphones.
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further, ev car ownership grows daily. governments all around the world are promoting the use of electric automobiles rather than vehicles with combustible engines to move toward a greener future.
we’re all trying to add to our portfolio that startup stock that will blossom into a blue chip cornerstone of our retirement. here are four exciting innovations that seem poised to become an assumed part of our life in the next two decades.
- 3d printed infrastructure: the use of 3d printing has been quietly increasing in the background and is gradually becoming more prevalent in people’s daily lives. while 3d printing is now being used for anything from electronics to shoes, it is rapidly advancing. today, contractors can use 3d printing to create a house. for instance, apis cor employs enormous 3d printers and their proprietary concrete blend to build entire homes. the company holds the world record for the largest 3d-printed building on earth. you might not even be aware of the many creative ways 3d printing is influencing your life. tens of thousands of 3d printers that 3dos has installed all around the world are being used to build a global, localized and on-demand logistics network. hence, you may order a product online and produce it at home. perhaps it might be produced nearby or at a local facility, then transported locally rather than internationally. the trillion-dollar logistics and the industry’s carbon emissions and expenses will be significantly reduced if 3d printers can produce most materials on their own.
- generative artificial intelligence (ai): this technology has become considerably more prevalent in daily life in only the last few months. curriculums are being revised by chatgpt, which is used by companies like buzzfeed, inc. but that’s only the start. while chatgpt has become more well known, other facets of the subject have received less attention. for instance, rad ai is a startup that makes use of generative ai to optimize marketing campaigns using the first emotion-aware ai marketing platform ever created. the firm has secured over $2.5 million from regular investors through the startup investment platform wefunder. generative ai is being used to create photos, paintings, sketches, text-to-speech and even films. because chatgpt is launching an internet-based plugin, it will include search engine-like features to compete with alphabet inc.’s google and function similarly to microsoft corp.’s new bing. chatgpt’s plugin page notes companies such as expedia group inc. and instacart are already working on solutions using generative ai.
- commercial space exploration: the year 2021 marked a turning point for commercial space exploration, with companies like elon musk’s space exploration technologies corp. (spacex) and jeff bezos’ blue origin llc successfully launching commercial space travel. the first fully crewed voyage to the edge of space was also launched by virgin galactic in july 2021, with funding from billionaire richard branson. by 2024, these businesses hope to launch the first commercial space flights. yet, no firm arrangements have been established because of supply chain challenges and worries about a possible recession. as the macroeconomic headwinds worsened, many businesses had to postpone their plans by at least a year. commercial space flight is now only available to high-net-worth persons because tickets cost close to $500,000. yet, as businesses invest extensively in creating sustainable space stations and other infrastructure, you may expect a decrease in prices over the next 20 years. according to china business knowledge, during the next 15 to 20 years, space travel will become more affordable, and “many people alive today will have a real chance of traveling to space in their lifetimes.”
- brain-computer interfaces (bci) and brain enhancements: neuralink, a pioneer in brain-computer interfaces (bci) founded by elon musk, is a well known leader in the field. many prominent figures in finance are also investing billions in this sector. recently, the $75 million series c raise for synchron, a rival to neuralink, received funding from bill gates and jeff bezos. trubrain, a firm that makes wearables and supplements for brain health, has already received over $1.2 million from retail investors. microsoft also makes its bci research and development efforts well known. the multibillion-dollar investments made into the metaverse by meta platforms inc. are well known. while much of that is focused on developing augmented reality and virtual reality systems, this also includes an extensive study into how the brain functions as it seeks to enhance the functionality of its headsets. according to some reports, meta wants to develop its technology so that it can read your brain activity.
to some, 20 years is a long time. to others, it’s a surprisingly short period for the development of life-changing technologies. as we all watch the future unfold, be sure your tray table is put away and your seat belt is fastened!