[Cathie Wood: AI Inference Costs Drop 99.99% Annually, May Usher in an Era of 'Benevolent Deflation'] BlockBeats News, October 3 — ARK Invest founder Cathie Wood stated that the cost reductions brought about by innovative platforms like AI will gradually permeate broader economic sectors, enhancing productivity and corporate profitability, while driving inflation rates below the levels anticipated by most investors, a phenomenon referred to as 'benevolent deflation.' Cathie Wood believes that current AI inference costs are decreasing by 99.99% annually without compromising performance levels. Meanwhile, OpenAI's annualized revenue run rate has surged from $20 billion to $70 billion, indicating that declining costs are fueling rapid demand growth. ARK Invest predicts that actual GDP growth rates could reach high single digits, even though this forecast may seem 'crazy' to many. In an environment of stronger real growth, interest rates could actually rise. [Original Link]