Industrial manufacturing is undoubtedly a strong economic catalyst in both the United States and China. Artificial Intelligence represents an opportunity to not only revolutionize the industrial manufacturing space, but drive economic transformation and growth as well. 

The market for traditional SIM cards, currently on the decline, is ceding ground to the eSIM ecosystem. 5.53 billion SIM cards were shipped in 2018, compared to 5.54 billion in 2017. Challenging market conditions are expected to facilitate another shipment decrease of -0.1%, likely translating into another market contraction in 2019 due to several factors.

The launch of the first wave of 5G commercial services has been crowned a great success, with credit going to Qualcomm and its partners for the impressive milestones they have managed to achieve with 5G just 6 months after the first commercial launch of enhanced Mobile Broadband (eMBB) services. They have rolled out 30+ 5G networks around the world, supported by 20+ device models, the majority of which are powered by Qualcomm chipsets. This is worthy of a well-deserved celebration during the Qualcomm 5G Summit this week.

Novel technologies and markets share very similar patterns: a hype cycle, followed by a steep decline as realistic barriers and obstacles become more apparent, ultimately followed by substantial growth as those barriers are overcome. The speed at which these new technologies and markets catch on is based on an amalgamation of near infinite factors, with the fastest growing opportunities often the ones with the most objective, understandable value in usage outweighing and outpacing those barriers.

5G is being billed as a technology powerhouse due to its superiority over its predecessors. It provides an abundance of network capacity, higher bandwidth, and lower latency in comparison to LTE and other previous generation technologies. As suppliers and mobile service providers increase adoption of 5G, however, they tend to view success in relativity to the network speed and performance of their competitors. The most powerful 5G network isn't solely correlated with improved bandwidth and latency. 

It's no surprise that with the surging popularity of ride-hailing in recent years, the market continues to flourish. Meanwhile, increased urbanization and lack of affordability has led to the steady decline of the traditional passenger car market. However, despite nearly 22 billion trips completed in 2018 and 28 billion expected by the end of this year, ride-hailing vendors are experiencing unprecedented losses. Uber reported a net loss of $1.1 billion in the first quarter of 2019, even in the wake of increased earnings and usage — an alarming number that begs the question of long-term sustainability for this market in its current state.