Marchex, Inc. (NASDAQ:MCHX) Q2 2023 Earnings Call Transcript August 6, 2023
Operator: Greetings and Welcome to Marchex Second Quarter Conference Call. My name is Lauren, and I will be coordinating your call today. [Operator Instructions] I would now turn over to our host, Trevor Caldwell, Senior Vice President of Investor Relations and Strategic Initiatives. Trevor please go ahead.
Trevor Caldwell: Thank you Lauren. Good afternoon, everyone, and welcome to Marchex’s business update and...
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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.
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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.
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