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The Robotaxi Revolution is Coming – Here’s How You Can Profit…

It’s amazing to think how far technology has come in the past 50 years. Five decades ago, accessing the internet or taking pictures from a mobile phone was unheard of.

When the first cell phone launched in 1973, it weighed about two-and-a-half pounds. And the battery lasted about 20 minutes. Then, 20 years later, the DynaTAC 880X came to market, which is known as the first smartphone. It had a variety of features (what we consider apps), including an address book, calculator, calendar and email.

Source: IBM

But as we all know, the real watershed moment came on June 29, 2007, when Apple Inc. (AAPL) introduced the iPhone.

Over the years, smartphones grew smaller, thinner, and had far more capabilities and apps. In about 47 years, cell phones went from weighing more than two pounds with only 20 minutes of battery to a few ounces with almost a day’s worth of battery life. Plus, today’s smartphones are literally millions of times more powerful than NASA’s Apollo 11 computers in the 1960s!

The evolution was steady but dramatic. Today, for example, you can use tools like Google Lens on your phone to take a picture of a specific object that you want more information about.

Source: Google

The reason for the smartphone’s dramatic evolution is because of the Law of Exponential Progress. This is when a long series of tiny, gradual changes alter our world, yet we barely notice them until one day, we wake up and realize a massive change has taken place.

I bring this up because we’re seeing the same phenomenon occur in the automotive sector with driverless cars. It sounds crazy, but it’s becoming a reality faster than you think.

So, in today’s Market 360, I’ll explain how driverless cars have taken shape and how you can position yourself to profit from it.

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