Cathie Wood : AI boom will drive 7% GDP growth by end of decade

• Five major technology platforms are evolving simultaneously: robotics, energy storage, AI, blockchain technology, and multi-omics sequencing in life sciences.
• This multi-platform innovation is projected to contribute 12% to GDP, surpassing the impact of previous booms like the internet (3-4%) or railroads (5-6%).
• Real GDP growth is expected to average more than 7% per year by the end of this decade, representing a sustained step change in productivity and economic expansion.

Cathie Wood asserts that the current technology revolution, encompassing five major platforms including AI, robotics, and blockchain, is unprecedented in scale. She predicts this innovation will drive real GDP growth to average over 7% annually by the end of the decade, a significant acceleration compared to historical booms.