BlockBeats News, March 17th, Casey Wood, Chief Investment Officer of ARK Investment Management, stated that artificial intelligence has already boosted labor productivity and will deliver even more significant gains in the next decade.
Non-agricultural productivity has increased by 2.8% year-on-year, but the application of new artificial intelligence tools is expected to raise this growth rate to around 6% per year. The productivity gains from these large language models are remarkable. She also added that even the “once skeptical people” within her firm are “very shocked” by their performance.
Wood pointed out that the revenue growth of leading artificial intelligence model providers is very significant, with AntoPee’s annualized revenue reaching $19 billion and Opuni’s revenue growing from $20 billion to $25 billion. She said, “Over the next five to ten years, we expect to see revenue growth from almost zero to $10 trillion to $12 trillion. This will have a significant impact on the gross domestic product.” (Jinshi)
