"Wooden Sister": Artificial Intelligence Has Already Boosted Labor Productivity

Odaily News ARK Investment Management's Chief Investment Officer, Cathie Wood, stated that artificial intelligence has already increased labor productivity and will deliver even more significant gains over the next decade. Productivity in the non-agricultural sector has grown by 2.8% year-on-year, but the application of new AI tools is expected to raise this growth rate to around 6% annually. The productivity gains brought by these large language models are astonishing. She added that even the "former skeptics" within her company were "utterly amazed" by their performance. Wood pointed out that revenue growth for leading AI model providers is remarkably strong, with Anthropic's annualized revenue reaching $19 billion and OpenAI's revenue growing from $20 billion to $25 billion. She said, "Over the next five to ten years, we expect revenue growth to reach $10 to $12 trillion from a current level of almost zero. This will have a significant impact on GDP." (Jin10)