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Moonshots: Tech that could change the world

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November 10, 2021

Merrill Perspectives

Synthetic biology, next-gen batteries, green mining, 6G wireless, the Metaverse. These and a few other emerging technologies could, in just a few short years, transform the way we live, work and play. They’re known as “moonshots” and they could also provide solutions to some of our greatest challenges – from climate change to aging. 

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Moonshots: Tech that could change the world

In this episode of the Merrill Perspectives podcast, Candace Browning, head of BofA Global Research, Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank and Haim Israel, head of Global Thematic Investing Research with BofA Global Research, explore several of these moonshots and the promise they hold to completely change our lives. While they haven’t been fully commercialized yet, Israel believes “in five to 10 years, we will not be able to live without them.”

They include 6G wireless, which will be critical to managing the explosion of data the world creates every day, to the cutting edge medical advances prolonging our lives and the new technologies – such as next-gen batteries and green mining – that will be essential to solving the climate crisis.

 

As with any emerging innovation, they come with risks, including concerns around privacy, regulation and the chance they might not come to fruition. But as a group, they offer tremendous potential. Israel estimates that by the next decade they could collectively represent more than $6 trillion in market potential, up from just $330 billion today – while bringing on another great wave of technology-driven global growth.1

 

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1 “To the Moon(shots)! – Future Tech Primer,” BofA Global Research, Sept. 2021

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