The Smartness Economy: In the late 1800s, if you wanted a good idea for a new business, all that was required was to take an existing tool, say a drill or a washboard, and add electricity to it—thus creating a power drill or a washing machine. In his excellent book The Inevitable, author and Wired cofounder Kevin Kelly points out that we’re about to see an updated version of this economy, with AI replacing electricity. In other words, take any existing tool, and add a layer of smartness. So cell phones became smartphones and stereo speakers became smart speakers and cars become autonomous
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