James Hardie Industries plc (NYSE:JHX) Q1 2024 Earnings Call Transcript August 8, 2023
Operator: Thank you for standing by. And welcome to the James Hardie First Quarter Fiscal Year 2024 Results Briefing. Today’s briefing is hosted by James Hardie CEO, Mr. Aaron Erter, and CFO, Mr. Jason Miele. After the briefing, we will open up the lines to Q&A, and I remind participants to limit your questions to one plus a follow up. After the Q&A. I’ll turn back to Mr. Erter for any closing remarks....
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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.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.
It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.
Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
How could anything be worth that much?
The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.
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In fact, Verge argues this company’s supercheap AI technology should concern rivals.
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