AG Mortgage Investment Trust, Inc. (NYSE:MITT) Q2 2024 Earnings Call Transcript August 4, 2024
Operator: Good day and thank you for standing by. Welcome to the AG Mortgage Investment Trust Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management’s remarks, there will be a question-and-answer session. [Operator Instruction] I’d now like to turn the call over to Jenny Neslin, General Counsel for the company. Please go...
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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
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Put another way, that’s roughly equal to:
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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
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