https://youtu.be/rQEh7d-qa38?si=ipmYIxAuwGx7lrSv
In her TED Talk titled "Why AI Will Spark Exponential Economic Growth," Cathie Wood who speaks so well with clarity discusses five innovation platforms that are evolving at the same time: *artificial intelligence, robotics, energy storage, blockchain technology, and multi-omic sequencing*.
(the last one relates to gene editing Crispr tech etc...)
She believes that these platforms have the potential to dramatically accelerate from the present *$10 trillion market capitalization of these new tech platform companies to $200 trillion (2x global GDP now) by 2030* - just these 5 innovation tech platforms.. 👍
Just the autonomous taxi platform which combines three of these five technologies of AI, Robotics and energy storage will boom to $10 trillion in the next 5-10 years and the market cap of the companies by $50 trillion.
Early 1900s when general purpose technologies like the telephone, electricity, and automobile were invented, these technologies transformed the world and led to periods of rapid economic growth.
She also discussed how artificial intelligence could be used to transform healthcare and the financial services sector.
Wood's talk is an optimistic view of the future of the convergence of these technologies in different ways. She believes that artificial intelligence and other emerging technologies have the potential to create a *period of unprecedented economic growth*. However, she also acknowledges that there will be challenges along the way, such as the need to *shift focus from managing disruptive innovation to managing creative destruction* that often accompanies technological innovation.
Exponential growth of productivity leads to more comfort, ease and output at lesser costs.
My comments - What is the end result - innovation in all spheres is leading to more human comfort, more free time, better physical health and more wealth, leading to more mental diseases, psychological issues etc.
The speaker misses out on the most important tech platform on which all the existing 4 of 5 technologies run, except energy storage, ie. the Internet. 🤔🤔
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