On Friday, ARK Invest CEO Cathie Wood said that artificial intelligence and other breakthrough technologies are about to unleash a historic productivity boom that could drive U.S. inflation down to “zero or even negative” levels.
Wood Sees Innovation as Deflationary Force
Speaking on an episode of In the Know, Wood, popularly known for leading ARK Innovation ETF (BATS:ARKK), argued that “technologically enabled innovation is deflationary by nature,” citing AI, robotics, energy storage, multiomics and blockchain as forces accelerating efficiency across the economy.
“AI can’t catalyze itself,” she said, adding, “All of the other platforms are being catalyzed and I think the speed of change is going to be pretty shocking over the next few years.”
Wood also highlighted that learning curves in these technologies drive down costs, creating a powerful deflationary effect even as tariffs and higher interest rates weigh on households.
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