SIRI, RUN FOR PRESIDENT
(PLTR), (NUAN), (META), (TWTR), (GOOGL), (PANW), (CRWD), (ADBE), (CRM)
Shakespeare's "Uneasy lies the head that wears the crown" might as well have been penned for the ever-evolving world of artificial intelligence (AI), especially in its tryst with politics and democracy.
After all, this is a stage where technology and governance perform a delicate dance, often stepping on each other's toes.
So, let's peel back the layers of AI's potential threats to democracy. Moving beyond the typical concerns of fake images and misinformation campaigns, we look into a broader narrative where AI's profound and far-reaching impact on politics becomes evident.
Consider Mayor Eric Adams of New York City, who recently embraced AI to deliver multilingual robocalls to his constituents. A nifty tool for communication, no doubt, but it also blurs lines, creating an illusion of linguistic prowess that isn't actually there. This maneuver also raises questions about transparency and the ethical use of AI in political communication.
The brains behind these controversial AI calls? Voice Lab by Eleven Labs. This organization is the brainchild of former Google and Palantir (PLTR) employees. Voice cloning is their game, a technology that is as fascinating as it is controversial. We've seen it play out in various arenas, stirring up trouble in online forums and outsmarting voice authentication systems, thereby showcasing the inescapable duality of AI's capabilities.
To put this in a more comprehensive context, let's consider how this technology aligns with market trends and opportunities.
While Eleven Labs is not yet on the stock market, its presence draws attention to similar publicly traded entities such as Nuance Communications (NUAN), a heavyweight in conversational AI.
In the landscape of social media and content management, over at Meta (META) and Twitter (TWTR), AI has also become the new sheriff in town, policing a vast expanse of content. Needless to say, this is a herculean task akin to finding a digital needle in a haystack, with the added twist of the needle constantly shifting shape.
Similarly, Alphabet Inc. (GOOGL), the parent of Google, showcases a diverse application of AI. This is not confined to digital searches but across a spectrum of AI applications. From the self-driving ambitions of Waymo to DeepMind's forays into healthcare, Alphabet has been painting a broad stroke on the AI canvas.
Meanwhile, in response to incidents like the Voice Lab scenario, there is a heightened need for robust cybersecurity.
Companies like Palo Alto Networks (PANW) and CrowdStrike Holdings (CRWD) step into the limelight, offering advanced AI-driven cybersecurity solutions. Basically, they're the cyber equivalent of knights in digital armor.
When it comes to blending AI with creativity, Adobe Systems Incorporated (ADBE) and Salesforce.com Inc. (CRM) are leading the charge. Adobe is revolutionizing content creation with AI, while Salesforce is redefining customer engagement in political campaigning and fundraising.
Mayor Adams' advocacy for "ethical" AI usage mirrors a broader conversation about responsible AI governance. This dialogue plays a pivotal role in shaping the regulatory environment, thereby influencing AI's market potential — a narrative that reminds me of the tension between fear and fascination surrounding the internet in 1999, as famously expressed by David Bowie in an interview.
As we reflect on these developments, it becomes clear that AI's integration into various sectors presents both challenges and opportunities for astute investors.
Twenty-five years ago, the internet posed questions about its impact on the US Constitution. The digital world, once perceived as a fortress of freedom, now presents a complex terrain where truth and democracy often find themselves on shaky ground.
As we navigate the complex world of AI and politics, it becomes increasingly apparent that this symbiotic relationship will be a major source of intrigue — and perhaps even headaches — in 2024 and beyond.
