Gate News Report, March 17 — Cathie Wood, Chief Investment Officer of ARK Invest, stated that artificial intelligence has already increased labor productivity and will bring even more significant gains over the next decade. Non-farm sector productivity has grown by 2.8% year-over-year, but the adoption of new AI tools is expected to boost this growth rate to around 6% annually. She said the productivity boost from large language models is astonishing, and even skeptics within the company are “very surprised” by their performance. Wood pointed out that revenue growth among leading AI model providers is very strong, with Anthropic’s annual revenue reaching $19 billion, and OpenAI’s revenue increasing from $20 billion to $25 billion. She stated, “In the next five to ten years, we expect to achieve revenue growth from nearly zero to $10 trillion to $12 trillion. This will have a significant impact on gross domestic product.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TradFi Fall Alert: USDKRW (US Dollar vs South Korean won) Falls Over 1%
Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews18h ago
TradFi Rise Alert: US30500 (Dow Jones 30) Rises Over 1.5%
Gate News: According to the latest Gate TradFi data, US30500 (Dow Jones 30) has surged by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews20h ago
U.S. 5-Year Treasury Yields Drop 10 Basis Points
Gate News message, April 17 — U.S. 5-year Treasury yields (benchmark measure of medium-term U.S. government borrowing rates) fell 10 basis points intraday.
GateNews20h ago
U.S. Stock Indices Rise, Dow Jones Up 2%, Tech Stocks Gain Broadly
On April 17, U.S. stocks rose significantly, with the Dow Jones increasing by 2%, the S&P 500 by 1.12%, and the Nasdaq Composite by 1.34%. Key gainers included Boeing, Home Depot, and major tech companies like Tesla and Apple.
GateNews20h ago
TradFi Fall Alert: XTIUSD (WTI Crude USOIL) Falls Over 8%
Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews22h ago
U.S. Dollar Spot Index Erases All Gains Since Middle East War Outbreak
Gate News message, April 17 — The U.S. Dollar Spot Index has wiped out all gains accumulated since the outbreak of the Middle East conflict.
GateNews22h ago
