Social Question

Smashley's avatar

What is the next massive growth industry?

Asked by Smashley (12573points) January 18th, 2024

Not looking for stock tips, just curious about what people think the future holds. Where they see technology and society heading, as far as our consumption habits. I mean Ubers, smartphones, camera doorbells, fancy dog food, oat milk, and other existing concepts that will suddenly mature and change the game in the near-ish future.

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13 Answers

zenvelo's avatar

AI detecting and blocking.

gondwanalon's avatar

There may be opportunities for companies to recycle EV batteries in the near future. The potential could get fairly big.

Smashley's avatar

Ok.. AI. So what’s the play? Where is the growth? In “doing AI”?

AI detecting – I’m sure you’re absolutely right. There’s a need, there’s value, and it’s scalable.

I can’t help but see automated driving as smashing the transportation industry to smithereens. If trucks and busses and taxis were all super cheap to operate, and functioned with the efficiency of a computer, very few people would need to own vehicles, and the global demand might drop precipitously.

I see a decent market in recycling batteries developing, but scrapping in general isn’t incredibly profitable. Cash for gold does ok, but only because they are predators, and dumb people have gold, lithium, not so much. Though if it weren’t so unstable I’m sure they be selling ingots of it on conservative talk radio.

RedDeerGuy1's avatar

Garbage salvaging in landfills.

RocketGuy's avatar

@gondwanalon – good point! Residential batteries cost $1000 per 1 kWh, while EV batteries cost only $500 per 1 kWh. A 20% worn out EV battery would be eligible for warranty replacement. People could make good money selling them to the residential market. There is also a growing market for the lithium compounds in worn out batteries.

ragingloli's avatar

Penis enlargement pills.

RedDeerGuy1's avatar

@ragingloli And hair restoration pills.

Smashley's avatar

@ragingloli – but at best we’re talking 25–50% growth. Well, that’s taking the long view, and I know some people feel the big players are growers not showers, and I think you need to be circumspect in your measurables, but if it looks like a wide enough opportunity, something you can really get your hands around, you should jump all over it.

Blackwater_Park's avatar

It will be AI, without a doubt. It will infiltrate everything. I already use it to produce videos and slideshows, help me code and configure equipment at work. It’s crazy how quickly it gets adopted. Go down the rabbit hole. It’s not hard to see where it’s going when you do.
Get ready for everything to change.

RocketGuy's avatar

I’m seeing a lot of AI-generated fake pictures on FB and Twitter/X these days. It will be difficult to know real from fake pics soon.

elbanditoroso's avatar

Yardsticks. The will need to grow as everything else does.

Smashley's avatar

@RocketGuy – I assume there’s AI for that too.

@Blackwater_Park – since it’s not hard to see, could you explain it plainly to me? I see a set of good tools for using natural language to control other tools, and an uncanny plagiarism machine, a breakthrough certainly, but where does it go from here that is so obvious?

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