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.
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30 Comments
hasn’t trickle down economics been disproven by a ridiculous amount of evidence by now? i’ll tell you why the myth perpetuates. as the rich gain a greater portion of the world’s capital, they also gain greater power over our governments and the global economy as a whole. do not be fooled by the arguments of politicians whose campaigns were funded by corporate lobbyists. they are dependent on their donors, and gain everything from tricking you into co-signing your own demise. if you don’t believe me, in the US campaign donors are published publically.
the strength of nations like the US lies in its share of the global wealth. the appropriation of the majority of the world’s capital by the 1% would spell the death of democracy, and the reign of autocracy. this is an actual causal link in the field of comparative political science- democracies only occur in nations where the middle class is large, and do not occur in nations with a minute middle class (aka a more disproportionate distribution of capital). middle class income has been stagnant for years in the US, while the wealth of the 1% has grown exponentially. is this exponential economic growth truly for all, or for the corporate bureaucrat giving this talk?
3:03 I’m personally hoping it’s a vehicle to degrowth, improve quality of life for surfs to experience some leisure activities and be more smarter… common sense and efficiency colliding basically
3:35 less is more, more is quality not quantity. Individual style is art and what differentiates products. Mass produce what you have to, everyone else gets to be artisanal
Who is "we"?
Would've been fun if she mentioned that Amazon has 'Digit' humanoid bots and eventually will replace the workforce (for manual labor tasks, in the next year or two lol)
She didn't touch on the robots too much, and went to the taxi route (which is still a huge business, but not as massive as robots for all the tasks they can achieve……)
I am not looking forward to human interactions getting replaced with AI based callcenters and chatbots.
Mrs. Wood Cathy,
I just wanted to say that I support your presentation. You provided supporting facts in your presentation.
❤️ Amazing content with several valuable takeaways:
00:04 Five innovation platforms are evolving at the same time.
These platforms include AI, robotics, energy storage, blockchain technology, and multiomic sequencing.
04:31 Generative AI and general purpose technology platforms are converging.
This convergence is leading to explosive growth opportunities.
06:04 GDP growth is expected to accelerate.
The convergence of AI and general purpose technology platforms will generate enormous productivity growth.
13:04 Blockchain technology and AI will transform financial services and property rights.
The convergence of these technologies will lead to a new area of property rights in the digital realm.
14:08 Maintain conviction in the forecast through first principles research.
The courage of conviction comes from research and understanding the new world.
Yes, this will make a lot of money for investors, but it won't increase wages or reduce prices. Economists will lose their minds if their economies go into deflation, calling for austerity to combat it, because … the line must always go up.
Cathy Wood? Seriously the lowest point for TED yet.
The cost of energy is droping year by year, and work also, the one that invent a kit that cant transform any car into a self-driving taxi and self brake before an accident, safe secure, the costs of insure will drop like crazy, and self driving bikes that deliver food, drones, super batteries, extremely cheap solar cells, so why if energy and work is getting cheaper life is more difficult?? lots of luxuries of the past now are the norm, life hasn't get expensive we get so expensive, stupid expensive, like over eating read met, bread is expensive to make, extremely costly medicine, etc…. luxuries of the past now are the norm, if we eat eggs and chicken we would be more healthy, slim, better, water instead of sugar that is expensive, but whats bad destroy itself, population collapse, the good is goodness. So yeah we are entering the golden age of productivity and efficiency, like jajaja if a good software update to a software to be more efficient all the world save energy, energy save is good, so good software optimizaded by IA means save of energy all over the world.
Sure wages go way up for the 3 person team instead of 3,000, and the ceo and investors. Every time a company lays off people to replace with AI, those people flood the job market and employers lower wages because they know people are desperate for a job! It’s already happening. This is the destruction of capitalism in the making. She’s stoked because she’s already rich with plenty of money to invest in the few big winners to get even more rich (which she probably knows she needs to prep for the collapse). But when this goes far enough and everyone is on unemployment, then they can’t find a job for an entire year, then the unemployment money stops coming in, what then!? We all just become homeless and die? What a BS presentation! We need to redistribute the wealth with universal basic income ASAP. The job market is already flooding. Starting one year from now and then worse every year, millions of overqualified people will have no job opportunities, and just die on the streets if the rich keep giving us this BS narrative.
Shame on TED for this. The people deserve the TRUTH and governments need to start working on a serious plan to transition to a post-labor system. Their precious stocks collapse too if most people don’t have jobs to even pay for anything. Then the big bank run will cause the total collapse of society and send us into a Great Depression where everyone is killing each other to survive.
But let’s just pretend like that’s not going to happen and promote businesses as usual while we all use AI to replace all the jobs with no UBI plan. Greed will be our downfall. What a shame. I sure hope the leaders pull their heads out soon enough.
If the wealthy would all just become philanthropists we could seriously potentially transition smoothly to a post-labor utopia. Capitalism would be dead, our lives would be simpler, but they would be great without work. Capitalism needs to end anyway. It will kill us even if the AI collapse doesn’t. We need the plot of iRobot to happen but instead of us locking them up at the end, we let them take our jobs and save us with free essentials gifted by the rich to sustain the human race. This might all sound dramatic but this is 100% serious. People need to face reality even though it’s intense. We need to enlighten the elite. Their ignorance is the world’s biggest problem. I can’t believe most of them are still religious. No wonder they don’t take anything seriously. They don’t even have a basic understanding of where they are and how they got here. And they are the leaders of the world. What a joke.
This is reasonable prediction – We are not going to all die within 10 years. Actually we will prosper thanks to the AI tech. ChatGPT and Github co-pilot actually improves human coding efficiency by 50%. Upcoming decade will be fantastic when it comes to economic growth.
❤❤❤❤❤Also material science
Techno feudalism will ensure that income gap will widen.
I think it will only increase the wealth gap.
A lot of provocative claims and tenuous speculation, but no attempt to connect the thesis of her discussion to real world data that supports it. This comes off as a sales pitch, rather than a sharing of actual information to demonstrate a discovered truth. Autonomous taxis worth $20-50 trillion? The global taxi market today is $230 billion revenue, with growth by 2030 predicted to be $600 billion, and that is the entire world opportunity. How do you value that at 75x annual revenue just by removing the human operator? You also need everyone to park their own car and go everywhere by taxi, so the unit cost needs to come down, making the multiplier even bigger. On this example alone, it doesn't add up.
Wisdom from a lottery winner 😂
AI growth will only benefit the ones that own the technology
TED please dont delete this video. I want to come back here to laugh at her every couple of years
AI is dangerous it could cause a nuclear Extinction of humanity and life on Earth as we know it there will be no more humans life are on planet Earth . A I could wipe out the human they don't have feelings they don't know what love is and they don't care and they are not human hey I could really do some great things for the future , but it could also stopped us from having a future , Al cannot be controlled by a human it could destroy us all on planet Earth so that it's something very serious that needs to be talked about and really think about it…
Economic growth is meant for human beings who will question their existence after this unregulated AI explosion
I do believe AI will be a massive boost to the world economy. But I don't think that because "margins, and 6-9% GDP, and exponential, and the history of the tech sector, and convergence."
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich
Whether AI leads to exponential economic growth depends on how we choose to develop and deploy it. Responsible development, addressing societal challenges, and prioritizing human well-being are key to ensuring that AI benefits everyone.
So many gigantic elephants in the room that she failed to address, as many of viewers have pointed out here.
This is not a TED Talk. You can put the logo there but to me, this is not innovative enough or of enough quality. I may be affected by the fact that I don’t like the notion of indefinite growth. It’s not sustainable and it’s what makes us humans into the worst parasites in the world, She seems hopeful, but this sounds dystopic and not at all hopeful.
Who does this lady think she is. Wages going up and prices going down?
Cathie Wood is a right-wing religious person who thinks she is guided by God in her investment approach. No seriously – she really thinks that. While she might sound right to some of you, please be aware that she has a screw loose…
converge, unwinding,Empirically9:30