Odd Lots Cathie Wood on What Comes Next in AI and Big Tech
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Mar 11, 2025 
Cathie Wood, the visionary founder and CEO of ARK Investment Management, shares her insights on the turbulent tech landscape. Despite a steep drop in stocks like Nvidia, she remains optimistic about AI and transformative technologies. Wood anticipates a resurgence reminiscent of the Reagan era for investors. She discusses the promising potential of healthcare innovations and Tesla's game-changing strategies in autonomous driving. Additionally, she addresses the challenges and opportunities within active equity management and long-term investment in AI-driven sectors.
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Open-Source AI
- DeepSeek impressed experts like Sam Altman and Jensen Huang, despite initial questions about its development cost.
- Its open-source nature, like Meta's LLM, fosters competition and accelerates AI advancements.
AI's Modest Macro Impact
- Despite the impressive capabilities of current AI tools, their macro impact on productivity, employment, or specific sectors is still modest.
- This suggests a lag between technological advancement and its broader economic effects.
AI and Productivity
- AI is boosting productivity but its impact is hard to measure, potentially affecting hiring practices more than layoffs.
- Reduced coding jobs might reflect increased engineer productivity, but entrepreneurs are still developing new applications for AI.