"Cathie Wood": Artificial Intelligence Has Already Increased Labor Productivity

CycleProphet · 2026-03-17T11:51:28+00:00

Cathie Wood stated that artificial intelligence has significantly improved labor productivity, and it is expected to achieve an annual growth rate of 6% over the next decade. The use of large language models has astonished skeptics within companies and could potentially lead to a revenue increase of $10 trillion to $12 trillion in the future, with a profound impact on GDP.

CycleProphet

2026-03-17 11:51:28

Abstract generation in progress

Deep Tide TechFlow News, March 17 — According to Jin10 Data, Kathy Wood, Chief Investment Officer of ARK Investment Management, stated that artificial intelligence has already increased labor productivity and will bring even more significant gains over the next decade. Productivity in the non-agricultural sector has increased by 2.8% year-over-year, but the application of new AI tools is expected to boost this growth rate to around 6% annually. The productivity improvements brought by large language models are astonishing. She also added that even skeptics within her company are “very surprised” by their performance. Wood pointed out that revenue growth among leading AI model providers is very notable, with Antopy’s annual revenue reaching $19 billion, and OpenAI’s revenue increasing from $20 billion to $25 billion. She said, “In the next five to ten years, we expect to achieve revenue growth from nearly zero to between $10 trillion and $12 trillion. This will have a significant impact on gross domestic product.”

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