Cathie Wood, CEO of ARK Investment Management, on AI as the next economic revolution: “If you look at the 400 years before the industrial revolution, real GDP growth globally was about 0.6 percent. Then, with the industrial revolution, which was effectively the last technology revolution, we moved up to 3 percent global GDP growth. That was a fivefold increase. We think that during the next three to five years we will be seeing regularly an average growth north of 7 percent. That is just a two-and-a-half-fold increase.”
Brian Chesky, CEO of Airbnb, on the threat of AI: “I have a friend who worked at Netflix and he said back in the day when Netflix was a streaming app, they had a mantra: ‘We have to become HBO before HBO becomes Netflix.’ In other words, Netflix had to make original content before HBO had a streaming service. At Airbnb we have to build a really good agent before these one-size-fits-all agents develop en
