Why AI will spark exponential economic growth | Cathie Wood

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4.1 • 11.9K Ratings

🗓️ 18 December 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

Transcript

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0:00.0	Ted Audio Collective.
0:02.0	Audio Collective.
0:04.0	You're listening to Ted Talks Daily.
0:10.0	You're listening to Ted Talks Daily, I'm your host, Elise Hume.
0:13.0	Today, an investor-eyed view of five areas of technology,
0:17.0	like blockchain, energy storage, and robotics
0:19.8	that are changing rapidly thanks to AI. In her 2023 talk from the Ted AI stage
0:26.1	investor Kathy Wood talked through the way current innovations are going to play
0:30.1	an outsized role in global economics and business in the years to come.
0:35.0	A look ahead coming up after a break.
0:39.0	Today something is happening in technology that has never happened before.
0:46.0	Five innovation platforms are evolving at the same time.
0:50.0	Never happened before.
0:51.0	You have to go back to the early 1900s to see three
0:55.1	Platforms evolving at the same time. You might call them general purpose technology platforms
1:00.0	Back then it was telephone, electricity, automobile, game-changing.
1:07.0	Well, today we have five innovation platforms evolving at the same time. And they're changing growth dynamics
1:15.8	incredibly. So they are highly catalyzed by artificial intelligence robotics, energy storage, AI,
1:26.7	blockchain technology, and multi-ome sequencing.
1:30.4	The growth dynamics are changing in a way. It reminds me early in the business the 1980s.
1:37.0	I was in meetings where the going assumption was growth, if it accelerated, it would decay very quickly back down to
1:49.3	nominal GDP growth.
	...

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