Cathie Wood: Why AI will spark exponential economic growth

Why AI will spark exponential economic growth

Investor Cathie Wood explores this unique moment in technology, which she sees as being marked by the simultaneous evolution of five pivotal innovation platforms — a scenario unparalleled in history. Exploring the role of AI in reshaping economic paradigms, she predicts a surge in global GDP growth and productivity, underscoring the need for businesses and investors to adapt in order to keep up.

Technological change is accelerating as artificial intelligence, robotics, energy storage, blockchain, and multiomic sequencing advance in tandem. Training costs for AI are plummeting by 70 percent each year, unleashing rapid progress and unexpected breakthroughs. New industries, such as autonomous taxi platforms, could generate up to $10 trillion in revenue within a decade—rivalling a tenth of current global GDP. This convergence signals a leap in productivity and wealth creation, with the potential to shift the world to a period of unprecedented growth and deflation.