Cathie Wood: AI Turns Energy Into GDP Surge

Cathie Wood returned from a week traveling with Daniel Maguire of ARK Invest convinced that AI now converts energy into GDP more efficiently than any prior technology, roughly 10 times human levels and still climbing. She compared the current stage to standing in the parking lot before the first inning of a baseball game. Maguire's work highlights that no energy-rich low-income countries exist because economic activity itself is the conversion of energy, and AI accelerates that conversion faster than anything before.