Part 9/11:
He views Tesla’s Optimus as the most compelling public play, while companies like Figure AI could be the next big IPO in the space. The overarching theme is that physical AI will dwarf the software AI in economic significance due to its broad application across sectors.
The Bigger Picture: A Fourth Industrial Revolution
Ives frames this technological wave within the context of a “Fourth Industrial Revolution”, where AI, robotics, autonomous vehicles, and advanced hardware are intersecting to change the fabric of industry. He advocates that investors should look beyond the headlines about ChatGPT and software AI and instead focus on physical AI applications that are happening today and advancing rapidly.