Big Ideas 2018

Research company ARK Invest has released their annual publication showcasing a selection of innovations that they believe will accelerate the pace of change.

Download the report by clicking here

Some highlights from the report:

On Mobility-as-a-service

  • Cost of Point-to-point mobility per mile has remained stable at around $0.70 (inflation adjusted) since the 1930’s, but is set to come down to $0.35 by 2021 with the rise of electric vehicles.
  • By 2022 electric vehicles should be cheaper than fossil fuel cars.
  • By the early 2020’s, electric drones should be able to transport a passenger to the airport for the same price as a taxi, but in a fraction of the time.
  • ARK expects global vehicle miles to increase two- to three-fold, but auto sales should be flat to down, thanks to the utilization of taxi fleets.

On Robotics:

  • In 2013 Amazon had 1,000 robots in its warehouses. In 2017 they had over 100,000.
  • Cost of industrial robots have come down siginificantly; robot demand is responding to lower costs.

On Deep Learning:

  • In 2016 DeepMind’s AlphaGo defeated global champion Lee Sedol in a game of GO. The AI program combined Deep Learning with Monte Carlo Tree Search and reached a major milestone ten years ahead of schedule.

  • Relative to the internet, Deep Learning could impact more sectors, causing more profound disruptive innovation across different industries, e.g. Miso Robotics launched an AI powered burger flipping robot.

Make sure to also read their chapters on CRISPR Genome EditingCrypto Assets, Frictionless Value Transfers and 3D Printing