Cathie Wood (founder, CEO & CIO of ARK Invest) is saying that productivity improved significantly last year, partly because companies delayed hiring and used more AI instead.
She expects productivity growth to move from around 2.9% currently to the 5% to 6% range within the next five years, possibly sooner.
AI is helping companies do more with fewer workers.
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From "ARK Invest" YT channel (video link in comment)
AI revenue is scaling 3x quicker than mobile or internet did. The unit of value is shifting from attention to completed work.