John Callaghan, founder of investment firm True Ventures, predicted that within the next five years, the way smartphones are used will fundamentally change, and within ten years, these devices will disappear completely.
Callaghan described smartphones as an ineffective interface between humans and AI, saying they would be replaced by more natural, fluid tools. He pointed to the Sandbar device, a smart ring that records and organizes the user’s thoughts through voice memos.
According to him, the smartphone market is saturated and its annual growth barely reaches 2%, while the wearable gadget market is expanding at double-digit rates.
Callaghan emphasized that future value creation will be in new application layers and interfaces of artificial intelligence, and humans must prepare to say goodbye to traditional mobile phones.
The founder of True Ventures has a successful track record of investing in innovative gadgets that change human behavior.
