TechFlow News, March 17: According to JIN10 Data, Cathie Wood, CEO of ARK Investment Management, stated that artificial intelligence has already boosted labor productivity and is expected to deliver even more substantial gains over the next decade. Year-on-year productivity growth in the non-farm sector has reached 2.8%, but the application of new AI tools could elevate this growth rate to approximately 6% annually. The productivity gains delivered by large language models are astonishing. She added that even “former skeptics” within her own firm have been “deeply impressed” by their performance. Wood noted that revenue growth among cutting-edge AI model providers has been remarkable: Anthropic’s annualized revenue has reached $19 billion, while OpenAI’s revenue has grown from $20 billion to $25 billion. She said: “Over the next five to ten years, we expect revenue growth to surge from nearly zero to $10–12 trillion—a development that will significantly impact GDP.”
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