Why AI Will Spark Exponential Economic Growth | Cathie Wood | TED

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.

I miss the days when there was a distinctive difference between a TED talk and a generic, run-of-the-mill corporate boardroom powerpoint presentation.

3:00 Exponential growth 8:50 FED policy 10:50 40% potential CAGR 12:10 Creative destruction 13:00 Convergence of blockchain tech and AI

I seriously doubt "wages going up as employees become more productive". Less jobs on the market will increase demand and lower waiges. The speed of technology will go faster and our ability to adapt.

This sounded like a 14 minute long unskippable Youtube Ad.

As global warming, pollution and the collapse of biodiversity causes the worst threat in human history, I am really puzzled by this supposedly good news that AI will spark an exponential economic growth! Do we live on the same planet????

fantastic video Everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realised early on that achieving financial freedom requires hard work.

More power n control to the powerful

Whether AI leads to exponential economic growth depends on how we choose to develop and deploy it. Responsible development, addressing societal challenges, and prioritizing human well-being are key to ensuring that AI benefits everyone.

Creative Destruction ? This is how some speakers are not-so-creatively destructing the once respected TED platform.

Insightful information. Thank you!

Exponential economic growth - so that the rich get richer, and inflation keeps the poor where they belong.

Lower prices and higher wages will NOT happen, without being forced! Current corporate business thinking, their models and the way stockholders are setup, does not allow for any of the increased productivity gains, to go to workers. Shareholders will even sue to try to prevent those gains from ever going to workers, and CEOs often laugh at the thought. AI is about to become "super intelligent" compared to the average person. Businesses will NOT pass up the savings of using AI to replace human workers. THIS BREAKS CAPITALISM! It breaks the relationship between labor and capital, and leads to collapse if we change nothing, because businesses not paying workers leads to customers who cannot spend on your products. We need to rethink the whole social contract of society. We cannot justify distributing basic resources to people, based on their ability to compete, when AI will always out-compete them.

There is a 50-50 like to dislike ratio on this video. Ouch.

AI can learn how to do tasks cheaper than human beings. Unless we change our end goals for what society is working towards (a money based society), then our labor is already worthless.

In the early 1900's the big losers were horses being put out to pasture, they didn't spend a cent while they worked, they were a cost, it was a net gain letting them go. Laying off workers due to productivity gains means those workers spend less while out of work, some companies will certainly make big gains, lower costs, higher margins, but unseen second and third order effects have yet to be accounted for. The major second order effect of the early 1900's was WW1. We are also dealing with falling birth rates, greater number of retirees living of savings. In the 1900's you had huge labour forces coming off farms with families of 8-12 children. Not this time. Again all the building blocks on the chess board are correct, but how they will interact adds up to one thing, serious system instability. Its not all rainbows and unicorns. If you haven't noticed already, the 21st century has been nothing but unstable.

I don't care how much we advance or how fast, nothing will become deflationary if we don't stop corporate greed...

Can't wait for the comments to get disabled on this

I’m surprised cathie didn’t also mention quantum computing as one of the transformative technologies. The opportunities are also enormous for more inequality more deprivation if equity is also part of the equation. I fear that it won’t be and all the profits will go upwards as it usually does

Why would people want for the 1% to get even more rich? We should be talking about ending the poverty And how AI can help with that