Why AI Will Spark Exponential Economic Growth

Investor Cathie Wood delves into the role of AI and other pivotal innovations in reshaping economic paradigms.

She predicts an unprecedented surge in global GDP growth and productivity, emphasizing the need for businesses and investors to adapt swiftly.

Convergence of Key Innovation Platforms

The current technology landscape is marked by the simultaneous evolution of five key innovation platforms – robotics, energy storage, AI, blockchain technology, and multiomic sequencing.

This convergence is accelerating growth dynamics in a way that hasn’t been seen since the early 1900s.

We really do believe that real GDP growth around the world is going to accelerate from that two to three percent range into the six to nine percent range, and a lot of that will be productivity-driven. – Cathie Wood

Exponential Growth in AI

AI training costs are dropping at a rate of 70% per year, indicating a shift from linear to exponential growth.

This rapid development is reminiscent of Moore’s law but unfolding at an even faster pace.