@GianlucaAiello
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.
@4thgen.warfareexpert780
More power n control to the powerful
@TechSiyaad
This so called exponential economic growth is just for the reach not those who don't have any tech education for their children in 2023 let alone talk about other things. many countries particularly in Africa there is no opportunity for the young to learn digital skills necessary for the kind of growth needed.
@phen-themoogle7651
Would've been fun if she mentioned that Amazon has 'Digit' humanoid bots and eventually will replace the workforce (for manual labor tasks, in the next year or two lol) She didn't touch on the robots too much, and went to the taxi route (which is still a huge business, but not as massive as robots for all the tasks they can achieve......)
@magnusk1
Of course it will cause massive economic growth … for them !! While every non-creative consumer on the planet is left jobless, deemed obsolete
@alexgoslar4057
Everything is consequential. Every experience, every thought, every intention, every reaction, and every action. So, why is it so difficult to foresee what is coming? It’s because the first reaction to virtually every situation is in Self-interest. “How is this going to affect me now?” But that is not an excuse for not trying Applied Inverse Logic. Applied Inverse Logic means making new correlations by dismissing the insistence on being right. This thinking pattern can lead to previously unimaginable solutions.
@kcdiazWTV
Great insights. But didn't she sell a large number of NVidia stocks a couple of days before the start of this rally?
@clavo3352
I say Ms Woods, saying creative destruction without mentioning Joseph Schumpeter is bad form. Could have at least mentioned Robert Hielbroner.
@mike-q2f4f
Not hard to hold convictions once you drink the Kool-Aid
@Wanderer2035
Yea there will be economic growth, and I have a feeling our checks will be the same, with higher inflation and higher unemployment
@JohnHall
Remember when people believed Cathie Wood's investment advice?
@illuminitti8778
Mrs. Wood Cathy, I just wanted to say that I support your presentation. You provided supporting facts in your presentation.
@yapdog
Say you have 2 employees, Paul and Joe. They both do the same job that requires a lot of mental work. Paul starts using AI to make some of these task easier, taking less time. Soon he's able to complete his work in fraction of the time, and take on some of Joe's workload. Over time, Paul relies more and more on AI to the point where you have no need for Joe. Why in the world would any employer in his right mind keep Joe on the payroll? Especially in a system that tends to reward companies for reducing payroll (publicly traded companies). Okay, people like Cathie Wood would argue that your company can produce more if Joe is kept on. Not all jobs are in the direct production pipeline. Some jobs fall under management and administration and support. Further, producing more doesn't work in all business models or markets, and is no guarantee of success. Joe will be out of a job, plain and simple. And so, too, will Paul as employers would be able to outsource more tasks to AI services. Paul and Joe may be able to do one-off jobs on such a service... but at a significant reduction in income, requiring them to find supplemental work... if they can. So, if anyone tries to sell you on the idea that wages and opportunities will increase with AI, examine the source. Thoroughly.
@pharaohcaesar
Deflation is the key to the future. We are already seeing this affecting cellphones. Business that know how to compete in a deflationary environment will survive. Those that do not will not. I can see companies like Apple going out of business because they will not change their business model to adjust to this.
@vaidyasethuraman452
Sad , analysts use TED talking up new stock category ....
@kacklina
And here is, the TED talk which will finally make me unsubscribe from the channel after years. Before the exhibitions felt so sincere, its been years since that, but I was kind of keeping some hope for something as revealing as before. AI is one one of the worst things that is already happening to the individual, recently is a nightmare becoming true for the humanist and artistic community of the world. The economic growth is not for sure for them, and we are already feeling it, but AI for sure works stealing from human effort. And is sad to see people take jobs that know are time bombs for them, and made to steal jobs from them and their community for years to come, but can't find another job that is not related to feed the Beast. It's really disappointing to see this type of content on a channel that had help me when I was in the need of seeing the bright side of every situation. This is a bshittery talk, made to keep the idealism of many in order to benefit a few in the future and leave the rest of us without weapons to defend ourselves.
@damnbalagan5720
Some smart comments here mention inequality will increase. If that is true, it might put UBI back on the table
@mtx1212
Dumbest investment decision ive ever made was to buy into her $ARKK...this woman got lucky with $TSLA few hears back, but none of her funds have recovered since.😂😂😂 And you can tell from this speech that she's CLUELESS about the whole AI revolution (ChatGPT probably wrote the whole thing for her)
@tonywhittle6520
Bank of Montreal dropped Cathie Wood funds saying performance was dismal!
@DonaldMark-ne7se