ALN Masthead

George Jetson Would Love AMZN Right Now…

I’ll be honest, I think about The Jetsons a lot.

When I was younger, I spent a lot of time playing chess and tastefully stalking girls that had no interest in me. Otherwise, I watched The Jetsons.

What I loved most about the show was how easy everything was for them.

They could swallow a pill as a quick breakfast, pop their wrinkled pants in a microwave to get them pressed, or even have a robot arm brush their teeth.

It was a world I couldn’t wait to be a part of.

In my lifetime, we’ve seen many Jetsons predictions come true.

Drones, robot vacuums, video chats, smartwatches and tablets have become familiar elements of modern life.

Robot voice assistants, like Amazon Alexa, have become central in many people's homes.

Although these products have been on the market for almost a decade, they still mostly suck.

Fortunately, that's set to change later this year...

That’s because Amazon.com, Inc. (AMZN) recently announced major upgrades to Alexa that will absolutely change the way we interact with our smart homes.

Using Amazon’s latest AI technology, the upgraded Alexa platform will vastly expand the understanding and capabilities of all existing Alexa devices.

Users will be able to give commands like “make this room feel like the Seahawk colors” to adjust the lighting colors in your home for Thursday Night Football (which is available for streaming on Prime).

Alexa device owners will also be able to program the device with complex instructions using only voice commands.

Just like on The Jetsons, by next year, we’ll be able to give instructions to our smart home in plain English.

For example, a user could instruct Alexa to turn on the air conditioning and warm up the oven whenever he leaves the office for the day… or to turn on their car to warm up in the morning whenever it snows.

These new capabilities represent an incredible opportunity for Amazon… and its shareholders.

Even with Alexa’s somewhat limited capabilities, the company has managed to sell over 500 million devices that collectively process tens of millions of requests per hour.

The new capabilities stand to further increase Amazon’s leadership in the smart home space.

Incorporating the latest AI tech into Alexa will not only help sell devices but also establish Amazon as the AI assistant of choice for millions of people.

Although OpenAI and Microsoft have gotten a ton of press this year for their AI products, Amazon’s latest Alexa features demonstrate that the company is serious about capturing a big piece of the AI market.

My team and I continue to remain bullish on Amazon as a stock in our new AI portfolio and expect the company to continue to make AI-related announcements in the coming month.

The latest Alexa updates take the smart speaker and turbo charge it to be a device worthy of the Jetson’s household.

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