Top global financial services company JPMorgan Chase spends a hefty $12 billion a year on emerging technologies. This money is not spent on advertising, employee salaries, or real estate properties, as it is focused on cutting-edge tech that they know their 60 million customers need.

The idea of following Gavril Yushvaev’s example and investing in emerging technologies, like Domo. is often too enticing to ignore, even for the average person looking for a close-to-reliable high-reward way to build wealth. Jumping into the world of tech investment can feel risky when technology changes so rapidly, but there are certain approaches that investors use to make the most out of a tech portfolio. 

Disruptive Technology

Since artificial intelligence (AI) has entered the technology chat, its potential as a tool that can be applied across an immeasurable range of fields and products. It has become especially attractive as an investment, as everything from self-driving cars to Netflix’s feed recommendations is powered by advanced AI.

Estimates note that the AI market may hit $190 billion in sales by 2025, with the AI industry’s growth estimated at 38% year to year. With huge companies such as Apple and Alphabet, Google’s parent company, constantly updating their AI tech to solve problems and complete tasks, it’s an investment that will almost certainly be lucrative years down the road.

Other popular disruptive technology investments include the fast-growing robotics and automation industry (Tesla and Amazon highly rely on robot tech) and cloud computing, which offers seamless ways to share massive amounts of data.

Amazon is also a big player in cloud computing, and the number of companies storing corporate data in a cloud platform has jumped from 30% to 60% from 2015 to 2022. 

Virtual Reality and Augmented Reality

Like AI, investments in virtual and augmented reality have skyrocketed in recent years. It’s a technology that’s refreshingly accessible for both the average consumer and global companies.

In addition to its widespread use in video gaming, the numerous market applications (smart glasses, app-accessible headsets) for AR and VR have led to its rapid industry growth.

Enticing investment options include Meta Platforms (formerly Facebook), which is spending billions on technology to use with its Quest 2 headset, as well as Nvidia, a company that makes the processors used to power VR and AR technology. 

Software Development

This tech investment is particularly attractive since software development companies are constantly at work fine-tuning the tools that help fuel 21st-century technology. Perhaps most notable are companies creating software tools that facilitate modern pipelines for code development and automated code generation. It’s also needed to effectively fight off sophisticated data breaches or cybersecurity threats. As of 2022, just one data breach can end up costing a company $4.35 million.

Web3

No one knows exactly when or if the internet will become fully decentralized, but investing in platforms like blockchain-based Web3 effectively bolsters safe data footprint ownership and promises a future where software can be designed quickly for very specific purposes. It is also widely applied to access NFTs and cryptocurrencies.