"Wood Sister": Artificial Intelligence Has Improved Labor Productivity

SmartContractAuditor · 2026-03-17T12:50:35+00:00

ARK Invest Chief Investment Officer Cathie Wood stated that artificial intelligence has enhanced labor productivity and will deliver significant returns over the next decade. Non-farm sector productivity grew 2.8% year-over-year, and is expected to increase to 6% following the application of new tools. She pointed out that AI model supplier revenues have grown significantly, with projected future revenue increases of $10 trillion to $12 trillion.

SmartContractAuditor

2026-03-17 12:50:35

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Odaily Planet Daily reports that Kathy Wood, Chief Investment Officer of ARK Investment Management, states that artificial intelligence has already increased labor productivity and will bring even more significant gains over the next decade. Non-agricultural sector productivity has increased by 2.8% year-over-year, but the application of new AI tools is expected to boost this growth rate to around 6% annually. The productivity improvements brought by large language models are astonishing. She also added that even skeptics within her company are “very surprised” by their performance. Wood pointed out that revenue growth among leading AI model providers is very impressive, with Antopy’s annual revenue reaching $19 billion, and OpenAI’s revenue increasing from $20 billion to $25 billion. She said, “In the next five to ten years, we expect to achieve revenue growth from nearly zero to $10 trillion to $12 trillion. This will have a significant impact on gross domestic product.” (Jin10)

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