I thought it was kind of cool and will be back to get my free burger when it’s filled up.

Today ChatGPT read 1038 top news stories and gave 8 of them a significance score over 6.5.
​
https://preview.redd.it/q87p3h78et4b1.png?width=1292&format=png&auto=webp&s=a350fa954d58ca7ecbe6b13fab04577416f32b03
After removing previously covered events, here is today’s significant news:
[7.2] Lionel Messi signs with Inter Miami in historic Major League Soccer transfer — The Guardian
Inter Miami have signed Lionel Messi, arguably the greatest football player of all time, in the biggest transfer in Major League Soccer (MLS) history. The move is expected to kickstart a new phase of growth for the league, just as David Beckham's move to Los Angeles Galaxy did in 2007. With the 2026 World Cup, which the US will co-host with Canada and Mexico, on the horizon, and with Messi now an MLS player, the drive for growth in soccer in the US will reach new levels over the next three years.
[6.9] The International Atomic Energy Agency to increase presence at Russian-occupied Zaporizhzhia nuclear power plant in Ukraine — CNN
The International Atomic Energy Agency (IAEA) will increase its presence at the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine next week, replacing the current team with a larger group when director Rafael Grossi visits the facility. The IAEA has warned of the risk of a nuclear disaster following repeated shelling near the plant, which is Europe's largest nuclear facility. The plant lies upstream from the Nova Kakhovka dam, which collapsed on Tuesday, and the reservoir supplies cooling water to the plant and is crucial for its safety.
[6.9] US Treasury's $1 trillion borrowing plan may strain economy — The New York Times
The US Treasury Department is expected to borrow around $1 trillion by the end of September, which could have negative effects on the economy. The borrowing will pull cash from banks and other lenders into Treasury securities, draining money from the financial system and putting pressure on already stressed regional lenders. To attract investors to lend such huge amounts to the government, the Treasury will face rising interest costs, which will also raise costs for banks, companies, and other borrowers. Analysts have warned that this could create a similar effect to roughly one or two quarter-point rate increases from the Federal Reserve.
[6.8] Philippines enters global trade agreement amid economic promise and concerns — INQUIRER.net
The Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, recently came into effect in the Philippines. This agreement involves 10 Southeast Asian nations and five other countries, aiming to remove tariffs on at least 90% of traded goods and strengthen regulations. The RCEP covers over half of the Philippines' export market and nearly 60% of foreign investments. While the government believes the RCEP will lower commodity prices and attract foreign investments, critics, especially agricultural and farmer groups, worry about the impact on local sectors.
[6.7] Europe approves first vaccine for respiratory syncytial virus in elderly — RTE.ie
Respiratory syncytial virus (RSV) is a common cause of pneumonia in toddlers and the elderly, leading to over 270,000 hospitalizations and approximately 20,000 in-hospital deaths annually among adults over 60 years old. The European Commission has approved the first vaccine for RSV in the region. The US health regulator had recently given the vaccine approval as well. The complex molecular structure of the virus and safety concerns with previous vaccine attempts had stymied efforts to successfully develop a shot since the virus was first discovered in 1956. The vaccine is expected to be available in Europe this autumn.
[6.5] Putin increasingly using the word "war" to describe conflict in Ukraine — Reuters
Russian President Vladimir Putin and other top officials have started using the term "war" to describe the ongoing conflict with Ukraine, a significant shift from their previous language. When Russian forces initially entered Ukraine in 2022, it was referred to as a "special military operation", and media outlets were prohibited from calling it a war. These shifts in rhetoric hint at a shift in the Kremlin's perception of the conflict and could potentially signal a more serious approach in the future. Despite this, the Kremlin has not announced plans for martial law or further military mobilization.
Want to read more?
See additional news on newsminimalist.com.
Thanks for reading us and see you tomorrow, News Minimalist

Understanding the Significance of Comprehensive Car Insurance
Comprehensive car insurance is a vital component for protecting your vehicle against non-collision damage, safeguarding your finances, and ensuring peace of mind. This type of insurance goes beyond basic coverage, providing extensive protection against a wide range of risks.
https://preview.redd.it/0q5yxbdoct4b1.png?width=639&format=png&auto=webp&s=ed73540acc5aeaf1d8e1f0de0bbb0489b110aa36
One key aspect of comprehensive car insurance is its ability to shield your vehicle from theft, vandalism, acts of God, and falling objects, among others. With comprehensive coverage, you can rest assured knowing that your vehicle is protected in various scenarios that could otherwise result in significant financial losses.
Moreover, comprehensive car insurance offers additional benefits such as windshield protection and rock chip protection, which can save you from costly repairs. It can even provide extended warranty options, giving you added security beyond the manufacturer's warranty.
Understanding the importance of resale value, comprehensive car insurance ensures that your investment retains its worth. Alongside regular car maintenance and the inclusion of floor and cargo mats, comprehensive coverage acts as a safeguard against unexpected incidents, maximizing the resale value of your vehicle.
Comprehensive Car Insurance: A Key to Protecting Resale Value
^{Exploring the Role of Comprehensive Insurance in Maintaining Vehicle Worth}
Comprehensive car insurance plays a pivotal role in preserving the resale value of your vehicle. It goes beyond standard coverage, providing extensive protection against a multitude of risks. One notable benefit is windshield protection and rock chip protection, which can save you from costly repairs and maintain the overall condition of your vehicle.
If your car receives any sort of non-collision damage, comprehensive coverage ensures that you are compensated for the actual cash value of the vehicle, minimizing financial losses. It shields you from various risks such as car theft, vandalism, and acts of nature, which can lead to substantial repair costs or even a complete write-off.
Car theft is a prevalent concern, but comprehensive insurance offers reassurance by providing coverage in the unfortunate event that someone attempts to break into your car or steal it altogether. This protection extends to both the interior and exterior of your vehicle, mitigating potential losses from damage or theft.
Moreover, comprehensive car insurance safeguards your investment against interior and exterior damage caused by natural disasters, falling objects, or unforeseen accidents. By addressing these issues, comprehensive coverage ensures that your vehicle retains its value and appeal to potential buyers.
Another advantage of comprehensive car insurance is that it can supplement existing warranties or serve as an extended warranty for your vehicle. This additional layer of protection is highly attractive to buyers, as it provides peace of mind knowing that they are purchasing a well-maintained and protected vehicle.
In the next section, we will delve deeper into the benefits of comprehensive coverage for resale value, highlighting its impact on maintaining the worth of your vehicle.
Extensive Coverage Options for Maximum Protection
^{Comprehensive Insurance Coverage: What Does It Include?}
Comprehensive car insurance provides a wide range of coverage options that go beyond basic protection. This comprehensive coverage ensures maximum protection for your vehicle, covering various risks and unexpected events.
One notable aspect of comprehensive coverage is its inclusion of fire protection. In the unfortunate event of a fire that originates from your garage, comprehensive car insurance can cover the damages, which may not be included in your homeowner or renter's insurance policy.
Furthermore, comprehensive insurance offers protection against natural disasters such as floods, hurricanes, tornadoes, and earthquakes. It also covers damages caused by falling objects like tree branches, rock chips, or debris, ensuring that you are financially protected in such scenarios.
Comprehensive coverage extends to animal-related damages, including collisions with deer or damages caused by rodents. These unforeseen incidents can lead to significant repair costs, but comprehensive insurance provides the necessary coverage to mitigate these expenses.
The comprehensive insurance policy also covers a wide range of events categorized as acts of God, such as theft, vandalism, riots, explosions, and wildfires. In the unfortunate event of any of these incidents, your car insurance company will pay for the necessary repairs or replacements, providing you with peace of mind.
Additionally, comprehensive coverage ensures that repairs are carried out with original manufacturer's pieces, maintaining the integrity and value of your vehicle.
Safeguarding Your Investment: Why Resale Value Matters
^{Understanding Depreciation and its Impact on Vehicle Worth}
When it comes to your vehicle's worth, depreciation is a significant factor to consider. Depreciation refers to the decrease in value that occurs over time due to factors such as age, mileage, wear and tear, and market demand. As your vehicle ages, its resale value naturally declines, which can impact your overall investment.
^{How Comprehensive Car Insurance Minimizes Financial Impact}
Comprehensive car insurance plays a crucial role in minimizing the financial impact of depreciation. In the unfortunate event of non-collision damage or theft, comprehensive coverage ensures that you are compensated for the actual cash value of your vehicle. The actual cash value is determined by the replacement costs minus the depreciation of the vehicle during the time it was lost.
Moreover, some comprehensive coverage policies provide an additional layer of protection called depreciation protection. This coverage ensures that in the event of a comprehensive coverage total loss caused by fire or other covered perils, you are reimbursed for the full value of your vehicle without factoring in depreciation. This valuable feature helps maintain the value of your investment and provides peace of mind knowing that you won't suffer a significant financial loss.
By having comprehensive car insurance, you can safeguard your investment and protect your vehicle's resale value. It ensures that even in unfortunate situations like non-collision damages or theft, you are financially protected and able to recover the value of your vehicle without bearing the full burden of depreciation.
Tips for Enhancing Your Vehicle's Resale Value
^{Regular Maintenance: The Key to Preserving Value}
Regular maintenance is essential for preserving your vehicle's resale value. By staying on top of routine maintenance tasks such as oil changes, tire rotations, and brake inspections, you can ensure that your car remains in excellent condition. Regular maintenance not only keeps your vehicle running smoothly but also prevents exterior damages like scratches, dents, or scrapes. To protect your car's paint, consider using paint protection film, clear protective film, or 3M film. Additionally, applying ceramic coatings or alternatives like CQuartz can provide long-lasting protection for your vehicle's exterior.
^{Safe Driving Practices: Preventing Costly Accidents and Damages}
Safe driving practices not only protect you and others on the road but also help maintain your vehicle's resale value. Avoiding accidents and damages is crucial for preserving the condition of your car. Install aftermarket back-up cameras or rearview cameras to help you prevent possible damages while checking blind spots. Focus on the road, avoid using your mobile phone, and take defensive driving courses to improve your driving skills. Be aware of other drivers' actions and assume that they may do something unexpected, allowing you to react in a timely manner. Maintain a safe distance between your car and other vehicles to prevent accidents. Secure any cargo properly before driving, wear your seat belt, and never drive under the influence of drugs or alcohol.
^{Avoiding Modifications: Impact on Resale Value}
While vehicle customization may be appealing to some, it can negatively impact your vehicle's resale value. Buyers generally prefer vehicles without extensive modifications, as it can alter the original manufacturer's design and performance. It's important to note that any modification should be approved by the car manufacturer to ensure it doesn't void warranties or cause potential issues down the line.
^{Comprehensive Documentation: Building Trust with Potential Buyers}
Maintaining comprehensive documentation of your vehicle's history is vital for building trust with potential buyers. Keep records of regular maintenance, repairs, and service history. This documentation provides transparency and reassurance to buyers, showcasing that your car has been well taken care of. Pay special attention to interior maintenance, including the condition of floor and cargo mats. Storing your vehicle in a secure garage or monitored parking area with CCTV cameras adds an extra layer of protection and demonstrates your commitment to preserving its value.
Choosing the Best Comprehensive Car Insurance Policy
^{Researching Insurance Providers: Factors to Consider}
When selecting a comprehensive car insurance policy, it's essential to research different insurance providers. Start by requesting quotes from five or six reputable car insurance companies. To make accurate comparisons, ensure that you set the same limits and deductibles for each quote. This allows you to evaluate what each provider offers and how much you would need to pay for their coverage.
^{Comparing Coverage Options and Premiums}
As you assess different insurance providers, carefully review their coverage options and premiums. Examine the declaration page of each comprehensive car insurance policy to understand what is covered and what is not. Look for any special benefits or discounts offered by each company that could potentially lower your premiums. By comparing the coverage options and premiums side by side, you can identify the policy that best meets your specific needs and budget.
^{Reading Customer Reviews: Assessing Reliability and Satisfaction}
To assess the reliability and customer satisfaction of insurance providers, read customer reviews. Visit reputable websites like the Better Business Bureau (BBB.org) to check what other customers have said about the car insurance companies you're considering. Pay attention to their complaint rate, which can be found on the National Association of Insurance Commissioners (NAIC) chart. This information will give you insights into the experiences of other policyholders and help you make an informed decision.
Conclusion
^{The Value of Comprehensive Car Insurance in Securing Resale Value}
Comprehensive car insurance plays a crucial role in safeguarding the resale value of your vehicle. By providing coverage for non-collision damages, theft, vandalism, acts of God, and more, comprehensive insurance protects your investment against unforeseen events. It covers a wide range of risks, including windshield protection, rock chip protection, and even extended warranty options. With comprehensive coverage, you can have peace of mind knowing that your vehicle's worth is protected.
^{Taking Proactive Steps for Long-Term Financial Protection}
In addition to comprehensive car insurance, there are proactive steps you can take to enhance your vehicle's resale value. Regular maintenance, safe driving practices, and avoiding extensive modifications are all key factors that can contribute to maintaining your car's worth over time. By prioritizing these actions, you can minimize potential damages and ensure your vehicle remains in excellent condition.
^{Peace of Mind and Confidence in Your Vehicle's Worth}
Securing comprehensive car insurance not only provides financial protection but also offers peace of mind and confidence in your vehicle's worth. Knowing that you have coverage against accidents, theft, and other unexpected events brings a sense of security. Moreover, maintaining detailed documentation and records of your vehicle's history can further build trust with potential buyers, enhancing its resale value.
In conclusion, comprehensive car insurance is a valuable asset for securing the resale value of your vehicle. By taking proactive steps and investing in comprehensive coverage, you can protect your investment, enjoy long-term financial protection, and have peace of mind knowing that your vehicle's worth is secured.
Read more in my blog.

Predictmedix – a great way to surf the Artificial Intelligence wave.
https://preview.redd.it/0dbxwl6hct4b1.jpg?width=741&format=pjpg&auto=webp&s=c89a7c16f1c0b16945c4267a8a4fe5b3ad44257d
There is a saying attributed to Mark Twain that goes, “History doesn’t repeat itself, but if often rhymes.” This means circumstances might be different but similar events often recur. This is good because securities regulators demand that you make it clear that in the financial markets, “Past performance is no guarantee of future results.”
However, investment analysts continue to use rhymes and here’s one that could help you see sizeable investment returns from Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF). This is how the rhyme comes together:
A. The 1990s technology boom: The parallel I see is between the current Artificial Intelligence cycle and the dot-com stock market cycle of ≈1990 to ≈ 2002. As background, the 1990s either developed or laid the groundwork for changes that completely transformed the world we live in. Out of that time came many new technologies and related developments and each was highly disruptive. Here is a very brief list of some of those developments:
(1) Nokia was the first mass-produced cellphone offered in 1992 with the ability to send and receive phone calls as well as store data (e.g. phone numbers).
(2) The World Wide Web, a.k.a. the Web browser was proposed in 1990 and debuted in 1991. This was the start of the Internet, Websites, e-mails and a massive amount of information that would become available to everyone.
(3) With the explosion of data available, finding it became a challenge. Mosaic started as the first search engine in 1993 followed by Yahoo in 1994 and Google in 1998. Today, Google has risen to the top and become synonymous with an Internet search. Google it.
(4) Other important developments of that time included the growth in the capacity of microprocessors, Photoshop, texting, rechargeable lithium-ion batteries, realistic videogames for a more adult market, collecting and using DNA, the start of e-tailing and more.
(5) Finally, we have the stock market. Cisco, Dell, Intel and Microsoft are sometimes referred to as the four horsemen of the 1990s tech boom. But we can’t ignore Apple and Google and there were many more that benefited. The smaller, new, Initial Public Offering companies came to the fore with incredibly high returns in the second half of the 1990s.
The chart to the right shows how stock markets performed during the 1990’s high-tech boom. A few things are worth noting:
(1) The Dot.Com stock market cycle lasted a long t time. Essentially, more than the decade of the 1990s. It’s length reflected the importance of the fundamental changes taking place.
(2) There was an important development regarding the stock market that has become part of the stock market legend. On December 5, 1996, Federal Reserve Board Chairman Alan Greenspan in a televised speech used the term “irrational exuberance” to describe a stock market that he thought was highly speculative and overvalued. His comment was intended as a warning from the Fed that the stock market, driven by the high-tech developments described above, was overvalued. His timing was five years early which is a lifetime in the stock market.
(3) The five years after Greenspan’s “irrational exuberance” statement was the most profitable for investors of the entire ten years plus of the stock market cycle.
As you sit reading this brief, imagine your life without a cell phone, the Internet, e-mail and text messages. How different would your life be without just these four products that emerged from the 1990s. A more relevant question might be how different would your life be if you had purchased shares in Apple or Cisco or Dell or Google or Microsoft back then?
B. The Artificial Intelligence Boom (AI): The term Artificial Intelligence was created in 1955. The idea was to have a machine that could take data, and find patterns that would enable it to make predictions and reach conclusions (make decisions). The Oxford Dictionary defines AI as “The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.”
It was Moore’s Law in 1975 that stated the capacity of semiconductors would continue to double every two years which enabled computers to be able to put into practice the AI Boom that is taking place today. Current forecasts say the AI industry will grow to $900 billion by 2026 and $15.7 trillion by 2030. AI growth in the 1920s could dwarf anything high-tech was able to accomplish in the 1990s.
(1) There is an Artificial Intelligence (AI) boom going on and many people don’t yet realize it is even happening. AI is used in:
i. Self-driving and parking cars. AI is used by Audi, Mercedes-Benz, Tesla, Toyota and Volvo.
ii. Maps and navigation. Enter where you are and where you want to go by car and Google Maps, for example, will give you a choice of routes, the time optimal route taking into account construction and traffic.
iii. Facial detection or recognition. Facial detection identifies a human face or facial recognition that identifies a specific face that can be used for surveillance and security.
iv. Digital assistants such as Amazon’s Alexa, Apple’s Siri, Google’s Now and Microsoft’s Cortana. When combined with search and recommendation AI, Alexa or Siri is able to learn your preferences and recommend things you are interested in.
v. Customer service chatbots that answer frequently asked questions, track orders or direct calls. Often people will be unaware they are dealing with a machine.
vi. Vehicle recognition use computer vision and deep learning to find a specific car on a surveillance video.
vii. Robot vacuums can scan a living area, look for and remember objects in the way, remember the best route for cleaning the area and decide how many times it should repeat cleaning a specific area.
It is estimated that by 2030, between 400 and 800 million jobs will be displaced by Artificial Intelligence and 375 million people will have to change to a totally different type of work. It is also forecast that it is not just lower-paying, blue-collar jobs that will be replaced by AI. Jobs such as accountants, lawyers, doctors, investment advisors and portfolio managers might all be substantially eliminated. AI will impact all industries and the rate of change will be exponential, that is, the rate of change will accelerate.
For example, what does a doctor do? In general, a doctor gathers new information, refers to a patient’s medical history, refers to a medical book or today’s Internet, makes a diagnosis and provides s treatment. This is also what a lawyer does. AI might reach the point where it can do it faster and better than a human..
AI does present threats to human existence. As AI is changing exponentially, it will happen faster than the technology boom of the 1990s. It took technology 20 years to produce the changes we discussed above. AI could produce equivalent changes in 10 or 15 years. For example, ChatGPT, an AI product went from zero to 100 million users within months making it the fastest-growing consumer software product in history. There will be others.
(2) The AI shift could drive economic change and a stock market cycle at least as significant as the last “dot.com” cycle. The “go-to” companies today for participation in AI are the likes of Alphabet (NASDAQ: GOOGL), Amazon (NASDAQ: AMZN), Meta (NASDAQ: META), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA) and Oracle (NYSE: ORCL). These are very large companies. GOOGL has a market cap of $1.6 trillion, AMZN has a market cap of $1.2 trillion, META has a market cap of $$648 billion, MSFT has a market cap of $2.4 trillion, NCDA has a market cap of $963 billion and ORCL has a market cap of $282 billion.
(3) While these are excellent businesses, they are also amongst the world’s largest companies. In 2022, GOOGL, META and MSFT purchased 2 out of every 3 AI chips. In my opinion, it is almost unthinkable that GOOGL can be a ten-bagger from a base market cap of $1.6 trillion or AMZN from $1.2 trillion. But it is clear these stocks now have a major component of their value derived from involvement in Artificial Intelligence and it is not surprising that early adopters would choose a lower risk/lower return approach to gain exposure to an emerging Artificial Intelligence industry.
(4) The changes created by AI also carry some risks. The speed of change will be challenging to human beings. There are forecasts that say one in four workers globally will see their jobs disappear and one in eight workers will have to be retrained in a totally unrelated field. During the industrial revolution and the tech boom, there was always the promise of more and better jobs. With AI we may have reached the point where machines actually do replace workers.
(5) Cathie Wood is a well-known and widely followed money manager with a reputation for expertise in the Artificial Intelligence sector. Wood manages a range of portfolios including the ARK Innovation Exchange Traded Fund (ARKK) and since its founding in 2014, Bloomberg estimates NDVA has contributed 13% of the fund’s 112% total return only behind Grayscale Bitcoin Trust, Invitae Corp and Tesla. That is all positive but Wood sold the ARKK holding in NVDA in January 2023 just before it rallied strongly adding some $560 billion to its market cap with $200 billion coming on one day after reporting earnings. Wood’s investors have basically missed the huge rally in the stock and the sector in 2023.
(6) But there is another phase I would look for and that is the participation of smaller, retail investors. Whether it was in the tech cycle I discussed above, the “meme” stocks or commodity exploration and development cycles in the past, the retail investor buys in before the bull market ends. Market pundits such as Citi global asset allocation and Vanda Research make the same observation: where is the retail investor?
We know the institutional investors have been getting in. So far in 2023 according to Bloomberg, the top 4% of stocks in the S&P 500 have contributed 94% of the index return and 8 of the top 20 include Apple, Microsoft, Amazon, Alphabet Class A, NVIDIA, Alphabet Class C, Tesla and Meta. In other words, the top 2% of the stocks in the S&P 500 contributed 94% of the return. Through mid-May, if the AI stocks are omitted, the S&P Index would be down -1.4% instead of up +8.3%. All of these stocks are AI leaders and each of them is an institutional stock. Yet, I believe the retail investor will come into the market and when they do, it is stocks like PMED for which they have always had an appetite.
C. I think investors will get more bang for their buck by investing in a small company like Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF) with a total commitment to AI. From a base market cap of $16.6 million and, as I have pointed out in recent reports, many different business verticals to get them higher, I see PMED as a unique opportunity for aggressive growth investors. It is hard to imagine any decade having more of an impact on the ensuring socio-economic decades than the 1990s. Imagine your activities today without your cellphone, Internet, email and texting.
I expect the cycle driven by AI to be a long one, similar to the dot-com cycle that lasted longer than the decade of the 1990s. To the right is a chart published by Luke Lango’s Hypergrowth Investing. It shows the stock market in the 1990s and overlays current results. The parallels Lango sees include:
• Federal Reserve’s tight money policy slowed economic growth in 1990 as it is doing currently.
• In 1990, the markets were down around 20% and in 2022 stocks dropped around 25%.
• In late 1990, the Fed started reducing interest rates and the markets rebounded.
• In late 2022, the Fed has turned less hawkish and into 2023 has slowed the pace of interest rate increases. The markets have been recovering.
• In the early 1990’s, the dot-com stock market rally began and the market would advance generally higher for the rest of the decade and into the new millennium.
• Today, it is Artificial Intelligence that is pushing stocks higher and given my expectations for AI, it could stock prices higher until at least 2030.
Conclusion: I believe Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF) is exceptionally well positioned to participate in the upcoming boom in Artificial Intelligence. There are many different ways to describe market cycles that evolve around such drivers. Here is mine:

1. Accumulation: the earliest buyers tend to be larger institutions that gain the information necessary to be early adopter. I have given several statistics to show this has been happening.
   
2. Retail Participation/Speculation: as the story gains acceptance, less experienced investors enter the market and prices begin to rise more quickly. After two to three years of combined buying by large and small investors, it is possible to identify speculative activities such as very rapid increases in a stock price or underwritings of companies based on questionable valuations. This is the next phase I see ahead for the current AI cycle.
   
3. Distribution/Sale: At some point, toward the end of the Retail Participation/Speculation phase, some investors will begin to sell. It is popular to believe that institutional investors or “smart money” sell at this stage. During the many years, I have spent in the investment business, this is not true. Institutions can hold on to their AI stocks for far too long and end up seeing their portfolios incinerated. This is still many years away. The challenge today with a stock like PMED is not getting out; it is getting in.
   
4. Bear Market: eventually there will be a broad sell-off of AI stocks. Some institutions will sell without regard for their impact on the market. Margin buyers will get margin calls and may be forced to sell again without regard to price. At this time, over half of the AI companies trading at that time will simply disappear. Some will be successful but remain smaller. Some will merge with another AI company. Some will be acquired. Very few will survive and become leaders in the industries. They will become the Alphabets, Amazons, Metas, Microsofts, Nvidias, and Oracles of the 2040s and 2050s.
   

I started out with the quote “History doesn’t repeat itself, but it often rhymes.” So I don’t think the AI cycle of the 2020s will be the same as the high-tech cycle of the 1990s but I think it will be similar. If you agree, Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF) is a stock to buy for your portfolio.

Predictmedix – a great way to surf the Artificial Intelligence wave.
https://preview.redd.it/ojwrzo8gct4b1.jpg?width=741&format=pjpg&auto=webp&s=4d6d83e351b68ec32d09aeb6df6cd1b82e5effb2
There is a saying attributed to Mark Twain that goes, “History doesn’t repeat itself, but if often rhymes.” This means circumstances might be different but similar events often recur. This is good because securities regulators demand that you make it clear that in the financial markets, “Past performance is no guarantee of future results.”
However, investment analysts continue to use rhymes and here’s one that could help you see sizeable investment returns from Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF). This is how the rhyme comes together:
A. The 1990s technology boom: The parallel I see is between the current Artificial Intelligence cycle and the dot-com stock market cycle of ≈1990 to ≈ 2002. As background, the 1990s either developed or laid the groundwork for changes that completely transformed the world we live in. Out of that time came many new technologies and related developments and each was highly disruptive. Here is a very brief list of some of those developments:
(1) Nokia was the first mass-produced cellphone offered in 1992 with the ability to send and receive phone calls as well as store data (e.g. phone numbers).
(2) The World Wide Web, a.k.a. the Web browser was proposed in 1990 and debuted in 1991. This was the start of the Internet, Websites, e-mails and a massive amount of information that would become available to everyone.
(3) With the explosion of data available, finding it became a challenge. Mosaic started as the first search engine in 1993 followed by Yahoo in 1994 and Google in 1998. Today, Google has risen to the top and become synonymous with an Internet search. Google it.
(4) Other important developments of that time included the growth in the capacity of microprocessors, Photoshop, texting, rechargeable lithium-ion batteries, realistic videogames for a more adult market, collecting and using DNA, the start of e-tailing and more.
(5) Finally, we have the stock market. Cisco, Dell, Intel and Microsoft are sometimes referred to as the four horsemen of the 1990s tech boom. But we can’t ignore Apple and Google and there were many more that benefited. The smaller, new, Initial Public Offering companies came to the fore with incredibly high returns in the second half of the 1990s.
The chart to the right shows how stock markets performed during the 1990’s high-tech boom. A few things are worth noting:
(1) The Dot.Com stock market cycle lasted a long t time. Essentially, more than the decade of the 1990s. It’s length reflected the importance of the fundamental changes taking place.
(2) There was an important development regarding the stock market that has become part of the stock market legend. On December 5, 1996, Federal Reserve Board Chairman Alan Greenspan in a televised speech used the term “irrational exuberance” to describe a stock market that he thought was highly speculative and overvalued. His comment was intended as a warning from the Fed that the stock market, driven by the high-tech developments described above, was overvalued. His timing was five years early which is a lifetime in the stock market.
(3) The five years after Greenspan’s “irrational exuberance” statement was the most profitable for investors of the entire ten years plus of the stock market cycle.
As you sit reading this brief, imagine your life without a cell phone, the Internet, e-mail and text messages. How different would your life be without just these four products that emerged from the 1990s. A more relevant question might be how different would your life be if you had purchased shares in Apple or Cisco or Dell or Google or Microsoft back then?
B. The Artificial Intelligence Boom (AI): The term Artificial Intelligence was created in 1955. The idea was to have a machine that could take data, and find patterns that would enable it to make predictions and reach conclusions (make decisions). The Oxford Dictionary defines AI as “The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.”
It was Moore’s Law in 1975 that stated the capacity of semiconductors would continue to double every two years which enabled computers to be able to put into practice the AI Boom that is taking place today. Current forecasts say the AI industry will grow to $900 billion by 2026 and $15.7 trillion by 2030. AI growth in the 1920s could dwarf anything high-tech was able to accomplish in the 1990s.
(1) There is an Artificial Intelligence (AI) boom going on and many people don’t yet realize it is even happening. AI is used in:
i. Self-driving and parking cars. AI is used by Audi, Mercedes-Benz, Tesla, Toyota and Volvo.
ii. Maps and navigation. Enter where you are and where you want to go by car and Google Maps, for example, will give you a choice of routes, the time optimal route taking into account construction and traffic.
iii. Facial detection or recognition. Facial detection identifies a human face or facial recognition that identifies a specific face that can be used for surveillance and security.
iv. Digital assistants such as Amazon’s Alexa, Apple’s Siri, Google’s Now and Microsoft’s Cortana. When combined with search and recommendation AI, Alexa or Siri is able to learn your preferences and recommend things you are interested in.
v. Customer service chatbots that answer frequently asked questions, track orders or direct calls. Often people will be unaware they are dealing with a machine.
vi. Vehicle recognition use computer vision and deep learning to find a specific car on a surveillance video.
vii. Robot vacuums can scan a living area, look for and remember objects in the way, remember the best route for cleaning the area and decide how many times it should repeat cleaning a specific area.
It is estimated that by 2030, between 400 and 800 million jobs will be displaced by Artificial Intelligence and 375 million people will have to change to a totally different type of work. It is also forecast that it is not just lower-paying, blue-collar jobs that will be replaced by AI. Jobs such as accountants, lawyers, doctors, investment advisors and portfolio managers might all be substantially eliminated. AI will impact all industries and the rate of change will be exponential, that is, the rate of change will accelerate.
For example, what does a doctor do? In general, a doctor gathers new information, refers to a patient’s medical history, refers to a medical book or today’s Internet, makes a diagnosis and provides s treatment. This is also what a lawyer does. AI might reach the point where it can do it faster and better than a human..
AI does present threats to human existence. As AI is changing exponentially, it will happen faster than the technology boom of the 1990s. It took technology 20 years to produce the changes we discussed above. AI could produce equivalent changes in 10 or 15 years. For example, ChatGPT, an AI product went from zero to 100 million users within months making it the fastest-growing consumer software product in history. There will be others.
(2) The AI shift could drive economic change and a stock market cycle at least as significant as the last “dot.com” cycle. The “go-to” companies today for participation in AI are the likes of Alphabet (NASDAQ: GOOGL), Amazon (NASDAQ: AMZN), Meta (NASDAQ: META), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA) and Oracle (NYSE: ORCL). These are very large companies. GOOGL has a market cap of $1.6 trillion, AMZN has a market cap of $1.2 trillion, META has a market cap of $$648 billion, MSFT has a market cap of $2.4 trillion, NCDA has a market cap of $963 billion and ORCL has a market cap of $282 billion.
(3) While these are excellent businesses, they are also amongst the world’s largest companies. In 2022, GOOGL, META and MSFT purchased 2 out of every 3 AI chips. In my opinion, it is almost unthinkable that GOOGL can be a ten-bagger from a base market cap of $1.6 trillion or AMZN from $1.2 trillion. But it is clear these stocks now have a major component of their value derived from involvement in Artificial Intelligence and it is not surprising that early adopters would choose a lower risk/lower return approach to gain exposure to an emerging Artificial Intelligence industry.
(4) The changes created by AI also carry some risks. The speed of change will be challenging to human beings. There are forecasts that say one in four workers globally will see their jobs disappear and one in eight workers will have to be retrained in a totally unrelated field. During the industrial revolution and the tech boom, there was always the promise of more and better jobs. With AI we may have reached the point where machines actually do replace workers.
(5) Cathie Wood is a well-known and widely followed money manager with a reputation for expertise in the Artificial Intelligence sector. Wood manages a range of portfolios including the ARK Innovation Exchange Traded Fund (ARKK) and since its founding in 2014, Bloomberg estimates NDVA has contributed 13% of the fund’s 112% total return only behind Grayscale Bitcoin Trust, Invitae Corp and Tesla. That is all positive but Wood sold the ARKK holding in NVDA in January 2023 just before it rallied strongly adding some $560 billion to its market cap with $200 billion coming on one day after reporting earnings. Wood’s investors have basically missed the huge rally in the stock and the sector in 2023.
(6) But there is another phase I would look for and that is the participation of smaller, retail investors. Whether it was in the tech cycle I discussed above, the “meme” stocks or commodity exploration and development cycles in the past, the retail investor buys in before the bull market ends. Market pundits such as Citi global asset allocation and Vanda Research make the same observation: where is the retail investor?
We know the institutional investors have been getting in. So far in 2023 according to Bloomberg, the top 4% of stocks in the S&P 500 have contributed 94% of the index return and 8 of the top 20 include Apple, Microsoft, Amazon, Alphabet Class A, NVIDIA, Alphabet Class C, Tesla and Meta. In other words, the top 2% of the stocks in the S&P 500 contributed 94% of the return. Through mid-May, if the AI stocks are omitted, the S&P Index would be down -1.4% instead of up +8.3%. All of these stocks are AI leaders and each of them is an institutional stock. Yet, I believe the retail investor will come into the market and when they do, it is stocks like PMED for which they have always had an appetite.
C. I think investors will get more bang for their buck by investing in a small company like Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF) with a total commitment to AI. From a base market cap of $16.6 million and, as I have pointed out in recent reports, many different business verticals to get them higher, I see PMED as a unique opportunity for aggressive growth investors. It is hard to imagine any decade having more of an impact on the ensuring socio-economic decades than the 1990s. Imagine your activities today without your cellphone, Internet, email and texting.
I expect the cycle driven by AI to be a long one, similar to the dot-com cycle that lasted longer than the decade of the 1990s. To the right is a chart published by Luke Lango’s Hypergrowth Investing. It shows the stock market in the 1990s and overlays current results. The parallels Lango sees include:
• Federal Reserve’s tight money policy slowed economic growth in 1990 as it is doing currently.
• In 1990, the markets were down around 20% and in 2022 stocks dropped around 25%.
• In late 1990, the Fed started reducing interest rates and the markets rebounded.
• In late 2022, the Fed has turned less hawkish and into 2023 has slowed the pace of interest rate increases. The markets have been recovering.
• In the early 1990’s, the dot-com stock market rally began and the market would advance generally higher for the rest of the decade and into the new millennium.
• Today, it is Artificial Intelligence that is pushing stocks higher and given my expectations for AI, it could stock prices higher until at least 2030.
Conclusion: I believe Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF) is exceptionally well positioned to participate in the upcoming boom in Artificial Intelligence. There are many different ways to describe market cycles that evolve around such drivers. Here is mine:

1. Accumulation: the earliest buyers tend to be larger institutions that gain the information necessary to be early adopter. I have given several statistics to show this has been happening.
   
2. Retail Participation/Speculation: as the story gains acceptance, less experienced investors enter the market and prices begin to rise more quickly. After two to three years of combined buying by large and small investors, it is possible to identify speculative activities such as very rapid increases in a stock price or underwritings of companies based on questionable valuations. This is the next phase I see ahead for the current AI cycle.
   
3. Distribution/Sale: At some point, toward the end of the Retail Participation/Speculation phase, some investors will begin to sell. It is popular to believe that institutional investors or “smart money” sell at this stage. During the many years, I have spent in the investment business, this is not true. Institutions can hold on to their AI stocks for far too long and end up seeing their portfolios incinerated. This is still many years away. The challenge today with a stock like PMED is not getting out; it is getting in.
   
4. Bear Market: eventually there will be a broad sell-off of AI stocks. Some institutions will sell without regard for their impact on the market. Margin buyers will get margin calls and may be forced to sell again without regard to price. At this time, over half of the AI companies trading at that time will simply disappear. Some will be successful but remain smaller. Some will merge with another AI company. Some will be acquired. Very few will survive and become leaders in the industries. They will become the Alphabets, Amazons, Metas, Microsofts, Nvidias, and Oracles of the 2040s and 2050s.
   

I started out with the quote “History doesn’t repeat itself, but it often rhymes.” So I don’t think the AI cycle of the 2020s will be the same as the high-tech cycle of the 1990s but I think it will be similar. If you agree, Predictmedix Inc. (CSE: PMED, OTCQB: PMEDF) is a stock to buy for your portfolio.