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

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Discussion Overview

The discussion revolves around identifying potential industries that could replicate the wealth generation seen during the Silicon Valley boom in the 1990s. Participants explore various sectors, including renewable energy, genetic engineering, nanotechnology, and others, considering their future prospects and opportunities for investment or career entry.

Discussion Character

  • Exploratory
  • Debate/contested
  • Technical explanation
  • Conceptual clarification

Main Points Raised

  • Some participants suggest renewable energy as a leading candidate for future wealth generation, citing recent billionaire successes in the sector.
  • Others propose a range of industries, including nanotechnology, genetic engineering, nuclear fusion, robotics, quantum technologies, military hardware, space travel, and artificial intelligence.
  • A participant questions the clarity of terms like "quantum" and "virtual world," suggesting that some proposed areas lack specificity.
  • Concerns are raised about the saturation of the renewable energy market and whether new entrants can still find opportunities.
  • Some participants emphasize the importance of efficiency improvements in existing technologies, such as graphene and battery storage.
  • There is a discussion about the impact of crude oil prices on the growth of renewable energy and the broader implications for national security and economic independence.
  • One participant mentions the potential for a transportation revolution with energy-efficient smart cars that could alleviate commuting issues.

Areas of Agreement / Disagreement

Participants express a variety of views on which industries hold the most promise, with no consensus reached. While renewable energy is frequently mentioned, other sectors are also highlighted, leading to a mix of agreement and contention regarding the best opportunities.

Contextual Notes

Some discussions highlight the ambiguity of certain terms and the need for clearer definitions of proposed industries. Additionally, the conversation reflects varying levels of optimism about market entry in saturated fields like renewable energy.

Who May Find This Useful

Individuals interested in entrepreneurship, investment opportunities, or career paths in emerging technologies and industries may find this discussion relevant.

  • #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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