Cathie Wood predicts technological revolution will surpass Industrial Revolution

Cathie Wood, CEO of ARK Invest, suggests that the current technological revolution, driven by artificial intelligence, robotics, energy storage, blockchain, and multiomics genomics, could surpass the Industrial Revolution in its impact on the global economy. Wood anticipates that these advancements will significantly boost productivity and could drive real GDP growth above the current 2-3% global average, potentially reaching 7% or higher.

Wood argues that this technological shift may create ‘good deflation’ by lowering production costs and easing inflationary pressures, even as interest rates remain high. While acknowledging market concerns regarding AI bubbles and the impact of rising rates on growth stocks, her analysis emphasizes a long-term structural change in economic growth and price stability.

In a related move toward technological integration, ARK Invest is partnering with Securitize to tokenize its $1.3 billion ARK Venture Fund on the Ethereum blockchain. This initiative aims to democratize access to disruptive innovation by allowing 24/7 trading of fund interests. The fund provides exposure to high-profile private and public companies, including OpenAI, Anthropic, SpaceX, and Stripe.