Provident Financial Services, Inc. (NYSE:PFS) Q4 2022 Earnings Call Transcript January 27, 2023
Operator: Hello and welcome to today’s Provident Financial Services, Inc. Fourth Quarter Earnings Conference Call. My name is Bailey and I’ll be the moderator for today’s call. I would now like to pass the conference over to our host, Adriano Duarte, Head of Investor Relations. Please go ahead.
Adriano Duarte: Thank you, Bailey . Good morning, everyone and thank you for joining us for our fourth...
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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:
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.
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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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