Most Folks Know It... Few Use It

It feels like we're surrounded by AI nowadays...

More than half of the U.S. population has at least heard of AI chatbot ChatGPT. And nearly one-third of the population has used it.

On the surface, it looks like AI has already made a huge dent. However, when you look deeper... the story is quite different. Only around 7% of the U.S. population uses ChatGPT daily. Most people who reported using it only did so a handful of times.

And that's only in the U.S. We have a higher percentage of ChatGPT users than any other country besides Denmark.

While ChatGPT is the most-used tool by far, there are new AI tools launching every day. They cover everything from translation to image generation, and even houseplant care – most of which have a fraction of the users ChatGPT has.

Companies are still trying to figure out how to use AI. Very few make money from it yet. And most of them, especially the small-scale businesses, mainly use the word "AI" to attract investors or customers.

In short, as we'll explain today... AI adoption still has a long way to go.

Keep in mind, Big Tech giant Apple (AAPL) only sold 6 million of its original iPhone model...

The iPhone couldn't even consistently outsell the iPod for the next four years.

By 2013, though, Apple had sold 150 million iPhones. Folks were quick to say that sales had peaked.

A decade later, it sold 231 million units... or 39 times more than in the iPhone's first year.

The same thing happened on the e-commerce front. After the dot-com bubble burst in 2000, e-commerce didn't control almost any of U.S. retail. It took nearly 20 years for it to get to 10% market share.

Just one year after it hit that metric, partially thanks to the pandemic, e-commerce controlled 15% of all retail.

Of course, in each step of this growth story, people kept saying the same thing as they did with the iPhone... The surge is over.

Technology adoption is a journey, not an event...

And it often lasts longer than people expect. We're just seeing the baby steps of a life-changing technology.

ChatGPT and other large language models ("LLMs") aren't fully packaged, ready-to-use end products. They're more like an interface of AI technology.

Although they're making life easier to some extent, these inventions are just tools right now. And only a handful of people that know how to use them have done so on a daily basis.

As new products integrate AI technology – and as we find new ways of using AI – we'll see a jump in users.

And this time, they'll be everyday users... not just one-time visitors.

We're on the brink of a big turning point in AI as I write...

I believe it will impact not only AI users, but anyone with money in the stock market.  

The last time we saw anything like this, at least 10 different stocks soared 1,000% or more... while millions of Americans saw their stock portfolios devastated.

When the panic sets in, there's only one strategy I trust. It's the same approach that helped show subscribers across my research how to book partial gains of 100% or more, eight different times, this year.

I shared everything you need to know in an urgent broadcast last week. For a limited time only, you can watch a free replay – including one of my favorite ways to play the early stages of the AI boom – by clicking here.

Anyone who believes the AI story has played itself out is mistaken. Expect plenty of growth in AI usage from here... Conscious and beneficial usage in particular will bring money to AI stocks.

Regards,

Joel Litman
July 22, 2024