Knightscope, Inc. (NASDAQ:KSCP) Q1 2023 Earnings Call Transcript May 16, 2023
William Santana Li: All right. Welcome everybody. We have a very large gathering. So let me do some ground rules first. But first and foremost, thanks everybody for taking time out of your busy day to talk about all things Knightscope. For those of you gone through this with me a few times just bear with me. I need to put the forward-looking statements disclaimer, and looks like it might be too long, so I might...
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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?
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