BlockBeats News, February 25 — “Wood” Cathie Wood posted that Citrini’s “thought piece” on artificial intelligence shocked the financial markets yesterday. However, Ark Invest predicts that AI will trigger a surge in entrepreneurial activity, significantly boost productivity, accelerate real GDP growth, and keep inflation well below expectations. If individuals can leverage powerful AI tools to solve problems and create new markets, short-term chaos and setbacks will eventually give way to enormous opportunities.
Previously, research firm Citrini Research released a report introducing the concept of a “global intelligence crisis,” warning that AI could lead to “bottoming out” in knowledge-based jobs and disrupt the industry and credit chains built around white-collar productivity. This report caused a sharp decline in U.S. software stocks on Monday.