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The Wealth Singularity is a point when the power of technology has become so massive that wealth and abundance becomes ubiquitous.

The theory is based on the works of leading futurists like Ray Kurzweil and Vernor Vinge, who believe that the exponential growth in computing power will lead to a Singularity. Technology, whether it’s the wheel or the personal computer, also leads to a leap in productivity and the ability to generate wealth.

That Singularity may be closer than you think.

Recently, James Canton, CEO of San Francisco-based Institute for Global Futures think tank, said at the Singularity University that artificial intelligence, a key piece of technology in the Singularity, is already making it into the consumer mainstream. In fact,  AI is about 30 percent there, enough to drive big changes in the market very soon. As CNET reports:

“It’s not clear when such a system will be functional, he acknowledged, given that it would require a great deal of artificial intelligence that has not yet made its way into consumer technology. But it’s not so far off, he suggested. In fact, he said, as much as 30 percent of the technology necessary for such concepts to be part of our everyday lives has already been built. And what’s in the lab today, he pointed out, is in the marketplace tomorrow.”

AI makes a lot of wealth-generating technology possible. Everything from investment technology to manufacturing will be more powerful. This will filter through the economy–gradually at first. But, with the exponential nature of these breakthroughs, the acceleration could be quick.

Adaptation is another story. As in other financial revolutions, first adopters and those who can spot trends will benefit the most from this new wave of change.

You can learn more about the technology that’s driving the wealth singularity and how you can take advantage of it in our eGuide, the Wealth Singularity.

This entry was posted on Martes, Octubre 30th, 2007 at 15:27 and is filed under Sin categoría. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.