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Welcome to Day 1488 of our Wisdom-Trek, and thank you for joining me.\xa0This is Guthrie Chamberlain, Your Guide to WisdomArtificial Intelligence and Shopping \u2013 Ask GrampsWisdom - the final frontier to true knowledge.\xa0Welcome to Wisdom-Trek! Where our mission is to create a legacy of wisdom, to seek out discernment and insights, to boldly grow where few have chosen to grow before. Hello, my friend, I am Guthrie Chamberlain, your captain on our journey to increase Wisdom and Create a Living Legacy.\xa0Thank you for joining us today as we explore wisdom on our 2nd millennium of podcasts. Today is Day 1488 of our Trek, and our focus on Fridays is the future technological and societal advances, so we call it Futuristic Fridays.\xa0My personality is one that has always been very future-oriented.\xa0Since my childhood, I have yearned for the exploration and discovery of new technologies and advancements for the future.\xa0I grew up with the original Star Trek series, and even today, as I am now on my 65th revolution around the sun, I still dream of traveling in space. Each week we will explore rapidly converging technologies and advancements, which will radically change our lives.\xa0At times, the topics may sound like something out of a science fiction novel, but each area that we explore is already well on its way of becoming a reality over the next couple of decades.
To keep with our theme of \u201cAsk Gramps,\u201d I will put our weekly topics in the form of a question to get us on track.\xa0This week\u2019s question is, Hey Gramps, Covid-19 has accelerated the drive to online shopping, but what type of changes in retail shopping and customer service can we expect during this next decade?\xa0
Artificial Intelligence and Shopping
Last week our focus will be on the 3-D printing revolution.\xa0This week we will learn how Artificial Intelligence will change our shopping experiences.\xa0I am using some of the information mentioned in Peter Diamandis\u2019s blogs and book \u201cThe Future is Faster Than You Think.\u201d
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AI and 5G broadband are radically changing retail shopping as we know it. During 2019, there were over 25 major retail bankruptcies. In 2020, especially with the on-going impact of Covid-19, the retail apocalypse is only accelerating.
What\u2019s coming next is astounding.\xa0Why drive to a store when you can speak? Revenue from products purchased via voice commands is expected to quadruple from today\u2019s $2 billion to $8 billion by 2023.
Virtual Reality, Augmented Reality, and 3D Printing are converging with AI, drones, and 5G to transform shopping on every dimension. As a result, shopping is becoming dematerialized, demonetized, democratized, and delocalized in a top-to-bottom transformation of the retail world.\xa0
A Day in the Life of 2030Let\u2019s time travel together to October 2, 2030, a sunny day in Dallas. You have an important speech to give at a luncheon tomorrow, but nothing to wear. The last thing you want to do is drive through congested traffic and spend several hours at the mall.
That is no longer a requirement. Your body image data is still current, as you were scanned only a week ago. Put on your VR headset and have a conversation with your AI.
\u201cIt\u2019s time to buy a suit for tomorrow\u2019s luncheon speech,\u201d is all you have to say.
In a moment, you\u2019re teleported to a virtual clothing store. Zero travel time. No freeway traffic, parking hassles, or angry hordes wielding baby strollers.
Instead, you\u2019ve entered your own personal clothing store. Everything is in your exact size. I mean\xa0everything. The store has access to nearly every designer and style on the planet.
Ask your AI to show you what\u2019s hot in Paris, France, and presto, you have an instant fashion show. Every model you see looks exactly like you, only dressed in Paris\u2019s latest design.
When you\u2019re done selecting an outfit, your AI pays the bill. As your new clothes are being 3D-printed at a warehouse\u2014before speeding your way via drone...