By Karen DeMasters, Financial Advisor
In the future, you will blink your eye and your car will come to you. When you are at your destination, it will find its own parking space.
That is only one of the many advances that is waiting for humanity in the coming decades when we have a seamless transfer of information from people to cars to medicine, all with the blink of an eye, according to Dr. Michio Kaku.
Kaku, a theoretical physicist, professor, futurist and New York Times best-selling author several times over, was a keynote speaker on Friday at the BNY Mellon, Pershing Insite18 conference held in Orlando.
The good news for financial professionals is that they cannot be replaced by robo-advisors because there are some things robots cannot do, Kaku told the 2,500 financial professionals attending the 20th Insite conference.
Computers cannot engage in human relations, do not have common sense and are not self-aware, the professor said. They can present different options, but they cannot make the judgment call needed to make a decision.
But computers have amazing capabilities, Kaku said.
“In the future, computer chips will cost a penny and will be embedded everywhere,” he said. Chips will be embedded in contact lenses so that, with the blink of an eye, a person can have access to all information, and in pill-sized capsules that can be swallowed for early detection of cancer or Alzheimer’s disease.
“Professors will have to be mentors and memorization [of information] will be eliminated,” Kaku said. “Cancer cells will be detected a decade before a tumor forms.”
“Wealth always comes from science and technology,” he said. First it came from the industrial revolution sparked by the steam engine, then the electrical revolution and now from high tech. The next is artificial intelligence, nanotech and then biotech, the futurist said.
“We will have augmented reality. [For instance], a doctor will be able to walk through a DNA molecule; you will argue with your car, and you will only have to blink to be online,” he said. “Information will be everywhere, like electricity is now.”