Cathie Wood: AI Deflation Fuels High GDP Growth

Cathie Wood responded to Bill Ackman inflation concerns by recalling late 1970s parallels, when PC and software revolutions delivered stronger growth alongside falling prices. She highlighted AI inference cost declines at 99.99% annually for fixed performance levels, noting OpenAI annualized revenue run rate climbed from $20 billion to $70 billion as demand exploded. ARK Invest sees these productivity GDP forecasts lifting broader economy profitability through good deflation, with interest rates potentially rising amid robust real expansion rather than stagnation.