Which Industry Will Be Next Big Thing Just Like Silicon Valley Boom In 90's?

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SUMMARY

The discussion centers on identifying the next major industries poised for explosive growth akin to the Silicon Valley boom of the 1990s. Key sectors highlighted include renewable energy, genetic engineering, nanotechnology, and artificial intelligence. Participants emphasize the potential of renewable energy driven by government policies like cap and trade, as well as the increasing demand for energy solutions in emerging markets like China. The conversation also touches on the implications of technological advancements in robotics and quantum computing, suggesting that these fields may redefine industry landscapes in the coming decades.

PREREQUISITES
  • Understanding of renewable energy policies, specifically cap and trade mechanisms.
  • Familiarity with advancements in genetic engineering and its market implications.
  • Knowledge of nanotechnology applications in various industries.
  • Awareness of the fundamentals of artificial intelligence and robotics.
NEXT STEPS
  • Research the impact of cap and trade on renewable energy investments.
  • Explore advancements in quantum computing and its potential applications.
  • Investigate the latest developments in nanotechnology and its commercialization.
  • Study the implications of artificial intelligence on job markets and industry evolution.
USEFUL FOR

Entrepreneurs, investors, and industry analysts seeking insights into emerging markets and technologies that could lead to significant wealth creation in the future.

  • #31


drankin said:
Nanotech was such a buzz once upon a time. I'm still waiting for some good nano products.

The Nano-Tex spill-proof shirt was touted as the first nanotechnology product to be commercialized. Discussion includes other future technologies.

https://www.youtube.com/watch?v=g9UENE6JMLI
 
Physics news on Phys.org
  • #32


Count Iblis said:
Robotics and artificial intelligence. And then Homo Sapiens will become obsolete technology, so it will also be the end of us.

Nonsense! While a robot may displace some low end production jobs it creates higher end maintance jobs to keep them running and other manufacturing jobs to fabricate the robot.
 
  • #33


Integral said:
Nonsense! While a robot may displace some low end production jobs it creates higher end maintance jobs to keep them running and other manufacturing jobs to fabricate the robot.

Yes, that's how things are today, but it won't stay that way forever. There is no reason why eventually robots and artificially intelligent agents won't replace humans altogether.
 
  • #34


Count Iblis said:
Yes, that's how things are today, but it won't stay that way forever. There is no reason why eventually robots and artificially intelligent agents won't replace humans altogether.

Artificial intelligence replacing humans is one idea popular with Hollywood movies, but a more likely scenario in my view would be the merging of robotics/artificial intelligence WITH humans. The latter is more likely because we already see it happening. Computerized prosthetics for amputees(search for "C-Leg"), cochlear implants for the deaf, even our personal computers are getting smaller and faster so they can stay with us at all times. Our technology will merge with our biology.
See transhumanism: http://en.wikipedia.org/wiki/Transhumanism"

"Will robots inherit the earth? Yes, but they will be our children." ---Marvin Minsky, 1995
 
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  • #35


Count Iblis said:
Yes, that's how things are today, but it won't stay that way forever. There is no reason why eventually robots and artificially intelligent agents won't replace humans altogether.

No reason? That is going a bit far. While what you say may be true, we certainly don't know it to be true. There is much about the mind that we don't understand and may never be able to duplicate with programming and memory.

It is also conceivable that as we learn more about the mind and its functioning, we will one day laugh at the notion that dumb computers could ever replace us. Consider for example that even with all of the amazing processing power and speed available today, I still have to drive my car instead of just telling it where to take me.
 
  • #36


The competition for humanity can't even steer one car around another.

https://www.youtube.com/watch?v=aq-ICasZVbw
 
  • #37


I think that's an unfair competion. You have a computer with less processing power than the brain of a spider and to win it has to perform better than a human driver.
 
  • #38


why hasn't anyone brought up sex robots? i know i would definitely get one
 
  • #39


Count Iblis said:
Yes, that's how things are today, but it won't stay that way forever. There is no reason why eventually robots and artificially intelligent agents won't replace humans altogether.

Only in movies for now and next few centuries.

@OP:
Porn Industry is also good one :). I think manipulating people and their greed, insecurities & fears can/would generate more money than technological products but that is just an opinion.
 
  • #40


avant-garde said:
why hasn't anyone brought up sex robots? i know i would definitely get one

Somewhere in england Jude law smiles.
 
  • #41


imo fusion will take a while to take off

quantum computing and quantum cryptography should be booming soon
next gen phones beyond 4G HC-SDMA, using iburst technology is something to look forward to

upcoming console competition - expecting upgrades instead of next gen consoles in the next 5 years.

Spike in computer hardware technology with mutlicore systems, perhaps hyperthreading to begin with then more cores per pc, greater competition between nvidia and ATI - dual sli's will be a thing of the past

there will always be a market for energy and computing

google vs bing - internet search engine competiton
live mail vs gmail

I'm expecting more affordable electric cars soon - the hybrid will be short lived
 
  • #42


Probably everyone here is going to end up being dead wrong.
 
  • #43


Cap in trade if it passes will only create a temporary renewable energy boom. The burden on the general economy will eventually undermine the specific advantages and actually slow progress in the long term.

I think liquid metal anode solid oxide fuel cells will be the next big thing. http://www.celltechpower.com/technology.htm"
They can burn anything and are potentially much more efficient than large scale coal fired steam turbine generators.

I'll boldly speculate you may see a people with stand-alone off grid electrical power in the next 30-50 years. Eventually piped or trucked fuel (NG, LP or H2 or liquid fuels) will take care of heating and elecrical in homes and businesses.

(And there'll be a helicopter in every garage! ;-)
 
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  • #44


Sorry! said:
English is your friend when your an aspiring (aspirin is a drug) entrepreneur.

You silly goose!
 
  • #45


Tobias Funke said:
You silly goose!
:smile:
 

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