Piper Sandler Companies (NYSE:PIPR) Q1 2023 Earnings Call Transcript May 2, 2023
Operator: Good morning, and welcome to the Piper Sandler Companies’ conference call to discuss the financial results for the first quarter of 2023. During the question-and-answer session, securities industry professionals may ask questions with management. The company will make forward-looking statements on this call that are not historical or current facts, including statements about beliefs and expectations...
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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:
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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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