You're Underestimating AI's Next Trillion-Dollar Opportunity

**Brett Rentmeester** (0:00)
So good, so good, so good.

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**Brett Rentmeester** (1:23)
Agents are really the idea of, they can do multifaceted tasks. They can be taught to do things that are much more complex. Humanoid robots, not only in factories, but maybe in your house, cooking meals, doing landscaping. Some might be massively understating the demand at this point.
Well, I think the narrative is being looked at through the lens of the AI subscriptions and business usage today, which I think is just getting going. So let's start there. I think that's just getting going. For example, we're a small company. We just implemented this year an enterprise-level AI solution, and it's great and all, but I'd say businesses are still in this experimental phase. They're paying the money, they're letting employees use it, they're getting some benefit, but they're not getting this massive productivity boom that is like the vision of the space. So I think more and more companies are going to come on line with spending because just like these hyperscalers, if they don't spend and get in the game, other people are going to surpass them eventually. So you've got that first wave happening, but it's a two steps forward, one step back proposition because the AI isn't perfect. But I think the next stage that maybe people aren't factoring in is the whole agentic AI economy. So comparing that to how a lot of people are using it as more of a chat bot or asking it for a single thing and getting a response or a solution. The agents are really the idea of they can do multifaceted tasks. They can be taught to do things that are much more complex. They can hold memory and remember things. That's a whole new wave that we don't really understand fully.
That wave even encompasses agents that maybe can go out there and spend money and do things on your behalf, like your personal travel agent that knows exactly what you're looking for in trips, is looking 24-7 and maybe even has a crypto wallet when they see something to secure a trip. That's this next, I'll call it the second wave that's coming quickly. I think now that the agents themselves create more demand and more need for more AI.
But then, there's a third wave. I'd say the third wave is you can see it happening, but we're not totally there yet. That's where AI gets enabled in all these physical devices. Common devices today, it could be drones. I've heard the argument that we're going to have municipalities that have a first responder drone that gets to an accident before anybody else and assesses a situation. Well, those are going to be enabled with AI and other things. Now move on to robotaxes. We already know self-driving cars are possible and safer and all of these other things, but there's a point where that scales up. That's going to need all this sophisticated AI.
Then move on from that and you're into robots, humanoid robots, not only in factories, but maybe in your house cooking meals, doing landscaping. I mean, you can only envision how the demand for intelligence is uncapped. We just don't know where it goes. We might be massively understating the demand at this point.

**Maggie Lake** (4:44)
Yeah, that's wild. I love when you talk about those future innovations because some of it is we're focused on what's right in front of us. But there are people in real time testing some of these later stage technologies and we know the adoption rate keeps shrinking with everything. It sounds so wild, but pre-COVID, none of us thought we'd be zooming everything. It's so quick now that I think it's possible that it gets here before we expect it. Can the spending keep up? Is it sustainable though? If everyone's rushing now, where do the funds come from?