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May 24, 2022

Cathie Wood Sees This Technology Accelerating GDP Growth To 50% Per Year

Posted by in categories: biotech/medical, economics, robotics/AI

Noted fund manager and Ark Invest founder Cathie Wood on Saturday suggested that Artificial General Intelligence (AGI) will likely give a strong lift to economic growth.

The fund manager is of the view that a breakthrough in AGI will lead to the acceleration of GDP within the next six to 12 years. The analyst estimates that GDP growth will increase from the 3–5% year-over-year rate currently to 30–50% per year. New DNA will win,’ she added.

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