markusreitan posted: " Cathie Wood's team at ARK Invest has published their Big Ideas 2024. The slide deck is interesting throughout. But, Do any serious people seriously believe this? That AI can accelerate global real GDP growth from 3% to 7%? That seems wi" Western Decline Read on blog or Reader The over-hyped(?) ark of AI markusreitan February 1 Cathie Wood's team at ARK Invest has published their Big Ideas 2024. The slide deck is interesting throughout. But, Do any serious people seriously believe this? That AI can accelerate global real GDP growth from 3% to 7%? That seems wildly optimistic, even in techno optimist circles. Compare that to the more sober assessment from PwC's oft-cited report, that AI can add $15,7 trillion to the global economy by 2030. Given that global GDP today is approximately $100 trillion, that is approximately another 15% on top. Comment Like You can also reply to this email to leave a comment.

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