...could dramatically change economic production. An example: the average American adult does 2 hours of unpaid housework a day. At average benefit-loaded wages that is $10 trillion dollars of unmeasured (and unpaid) work on a $30 trillion dollar economy. A humanoid robot that can do the dishes and fold laundry could create $10s of thousands in "found" economic activity per year in service. Leaving aside the profound potential impact on manufacturing and production, household helper bots alone, across a 5 year diffusion cycle, could contribute 2 to 3 real incremental percentage points to US economic growth.

And that is a sector-specific example of a single technology in one of 5 major innovation platforms that we see crossing critical inflection thresholds. The aggregate global GDP impact could drive growth into the high single digits before the end of the decade.

With macroeconomic growth, markets should follow. Innovation market cap could comprise more than half of aggregate market cap by the end of the decade. Railroads were once 2/3rds of US market capitalization, on a similarly unprecedented investment cycle innovation could grow to occupy the same on a global scale. That much of $7 trillion in venture backed unicorn market cap has begun positioning to launch onto the public stage could turbocharge this cycle.