Cathie Wood Says AI Could Lead To 50% GDP Growth

In their recent episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discussed Cathie Wood Says AI Could Lead To 50% GDP Growth. Here’s an excerpt from the episode:

Tobias: We got Cathie Wood’s predicting. So, I get how she’s going to do 30% to 50% a year. That’s what the GDP’s going to do.

Jake: That’s just GDP performance. That’s just in line with GDP. [laughs]

Bill: I need to read this tweet again.

Jake: Well, that wasn’t very long.

Bill: No, I read it the first time and I didn’t quite– I thought that she was saying 30% to 50% growth. But then I read it the second time and they said that it was like– I thought that I read that it was 30% to 50% improvement on AI or something which reduced from 30 years out to 16 years out, which last I checked doesn’t matter.

Tobias: So, I have– [crosstalk]

Bill: Oh, she actually did say could accelerate a growth in GDP from 3% to 5% a year to 30% to 50%. Wow, that’s pretty sweet. I’m down, unless, it’s just 30% to 50% inflation.

Jake: Oh, she didn’t say real.

Bill: No, she did not.

Tobias: [laughs]

Bill: That shit would suck.

Tobias: The thesis is, it took thousands of years for growth to increase from 0.03% to 0.3%.

Bill: Cool.

Tobias: But only a few hundred years for it to increase from 0.3% to 3%.

Jake: So, let’s just keep drawing a straight line and then–

Bill: It checks out.

Tobias: If you naively extrapolate this trend, you predict that growth will increase again from 3% to 30% within a few decades.

Bill: That’s so dope. This is going to be great.

Jake: Dope or dopey.

Bill: No, it’s going to be sweet.

Jake: Oh, okay.

Bill: Growing 30% to 50% a year, that’s going to be really cool. That’s about what my waistline is working on.

Jake: [laughs]

Tobias: The funny thing is though, it’s all sort of slowed down materially since 2000, isn’t it? I thought 2000 was our top-rated GDP growth and we’re slowing.

Bill: Yeah. I think that you’re using facts and stuff, which is frowned upon.

Tobias: It could just be a pause. We could just be pausing getting ready to ramp.

Bill: Yeah, dude. 100%. [crosstalk]

Tobias: What does the world look like if 50% increase in GDP on year-on-year basis?

Bill: Yeah, it’s going to be sweet. Because obviously, it’s all going to be real.

Tobias: That’s one way to do it I guess.

Jake: What is [crosstalk] per capita?

Bill: You want to know what the world’s going to look like? Let’s see. The high GDP growth is 1942 at 19%.

Jake: That was all tanks.

Bill: Let me see. If I recall, 1942 was a great time to be alive.

Jake: Yeah, that was airplanes, tanks, bombs.

Bill: Yeah, fun.

Jake: That’s not really where you want your GDP to go.

Bill: We’re going to have real GDP growth and when we go to war with China and Russia, it’s going to be amazing.

Jake: Please, no.

Tobias: I hope not.

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