'Cathie Wood': Artificial Intelligence Has Significantly Boosted Labor Productivity

BlockBeats News, March 17, ARK Investment Management's Chief Investment Officer Cathie Wood stated that artificial intelligence has already improved labor productivity and is expected to bring even more significant gains over the next decade. The productivity of the non-agricultural sector has grown by 2.8% year-over-year, but the adoption of new AI tools is expected to increase this growth rate to around 6% annually. The productivity gains brought by these large language models are astonishing. She also added that even the 'once-skeptical individuals' within her company are 'deeply impressed' by their performance. Wood pointed out that revenue growth for leading AI model providers has been remarkable. Anthropic's annualized revenue has reached $19 billion, while OpenAI's revenue has grown from $20 billion to $25 billion. She said, 'In the next five to ten years, we expect revenue growth of $10 trillion to $12 trillion from what is currently almost zero. This will have a significant impact on GDP.' (Jin10)