Robots Are Coming. What Investors Need to Know
Robots are coming. Some of the numbers being floated are incredible .Morgan Stanley's Adam Jonas has left his car coverage to focus on "embodied AI." That's AI with a physical form, whether in a robot or a robo-taxi. Sunday evening, he published his inaugural "Robot Almanac.". Almanacs are compendiums, published since the 18th century, of helpful information that keep readers up-to-date on weather, the economy, or something else. Jonas' goal is to teach investors about the coming age of useful robots."The Morgan Stanley global robotics team has compiled this comprehensive reference guide to help our clients navigate the exciting confluence of AI and the physical world," wrote Jonas. "AI-enabled robotics helps usher in the 3rd Industrial Revolution.". Those technologies helped create the modern economy by multiplying a worker's productivity. Robots can do the same. To size the potential, Jonas multiples the global labor force of some four billion people by $10,000. That's a $40 trillion