Expect Explosive Exponential Growth Opportunities
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“Get on right side of the change. Hang on for the ride. Ignore the noise because truth will win out and the opportunities are enormous!” Cathie Wood declared, in light of the five simultaneously evolving technological innovation platforms currently: 1. Public Blockchains 2. Artificial Intelligence 3. Energy Storage 4. Robotics 5. Multiomic Sequencing. Even back in the early 1900’s, there were only three simultaneously evolving technological platforms: telephone, electricity, and automobile. The five technological innovation platforms now are highly catalyzed by AI, changing growth dynamic incredibly, presenting sustained explosive rapid growth in the coming decades. Cathie Wood predicts, within the coming decade, that we will be seeing companies valued at $20 trillion to $50 trillion resulting from convergence of generative AI with these technological innovation platforms, leading to explosive growth opportunities and global GDP growth rate will grow from 2-3% range to 6-9% range.
Description of the video below, in italics:
Investor Cathie Wood explores this unique moment in technology, which she sees as being marked by the simultaneous evolution of five pivotal innovation platforms — a scenario unparalleled in history. Exploring the role of AI in reshaping economic paradigms, she predicts a surge in global GDP growth and productivity, underscoring the need for businesses and investors to adapt in order to keep up, in the video published on Dec 18, 2023, by TED, as “Why AI Will Spark Exponential Economic Growth| Cathie Wood|TED“, below:
As a result of these explosive exponential growth in decades to come, it is utmost important that our governments (federal and local level) are preparing to look into UBI or UHI (Universal Basic Income or Universal High Income) as part of the solution to a future without the need for jobs.
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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