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@kinngrimm2212
December 18, 2023 at 4:52 pm
This wasn’t an idear worth to be spreaded.
@yolo12999
December 18, 2023 at 4:54 pm
Oh it will. Millionaires will become Billionaires and Billionaires will become Trillionaires. Rest of us will become job less and home less. They don’t want true AGI, as it will see what they are doing to earth and fellow human beings in the name of profit, whole concept of corporate virtue would be a double think for AI. Either AGI will shut down or wipe everything that opposes the best course of action for earth and other living beings excluding human beings.
@zivimwb123
December 18, 2023 at 4:56 pm
Stock market bubble confirmed. Just look at Cathies record. It’s horrible.
@andybaldman
December 18, 2023 at 5:11 pm
She isn’t biased at all, is she? TED, you used to have integrity.
@dazraf
December 18, 2023 at 5:20 pm
Who will all of these hyper automated and hyper growing companies sell to when most of us will not have our jobs?
@mattyice5425
December 18, 2023 at 5:20 pm
What causes her to believe that corporations will do anything other than maximize their profits? In what world does the price go down when a corporation could screw people over for an extra buck and then buy back their own stock? Is she from another planet or another dimension?
@dazraf
December 18, 2023 at 5:26 pm
This is such a poor talk. The speaker is inarticulate, over-optimistic and ignores the burning questions. For example: we have been on a amortised growth curve of 2% to 3%; however, wages have remained basically flat in real terms. The big question remains: how do we honestly square hyperbolic growth with the demise of capitalism as an engine of life and livelihood for each and every one of us? The question is casually avoided because the answer is clear and has been known for the past century: death.
All of this gloss and studious avoidance of the big questions and the insights they hint at genuinely seems at odds with TED’s core mission.
@TheTobacko1
December 18, 2023 at 5:35 pm
Her absolute favorite stock is INVITAE ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
@stefanlyu4489
December 18, 2023 at 5:38 pm
It’s really really really incredible amazing ，how can we deal with the super future ，I don’t think the whole humanity is well prepared for its coming
@jesusrosell554
December 18, 2023 at 6:15 pm
Brains!!!!!!!!
@AntoniodaFonseca-ls5ee
December 18, 2023 at 6:24 pm
I belive her. Her talk was clearly written by a low quality open source llm and look where she is? Ted talks!!!
@miplop3538
December 18, 2023 at 6:32 pm
Insightful information. Thank you!
@jaysonp9426
December 18, 2023 at 6:50 pm
No. Employees go away and compete directly with corporations until Capitalism is over and the inefficiency has been siphoned out of the world economy.
@NeoShameMan
December 18, 2023 at 6:51 pm
There is no infinite resources 😂
@supernewuser
December 18, 2023 at 6:57 pm
just based on the comments alone a lot of people are going to be completely blindsided and screwed in the next 12-24 months
@vila777_
December 18, 2023 at 6:57 pm
hasn’t trickle down economics been disproven by a ridiculous amount of evidence by now? i’ll tell you why the myth perpetuates. as the rich gain a greater portion of the world’s capital, they also gain greater power over our governments and the global economy as a whole. do not be fooled by the arguments of politicians whose campaigns were funded by corporate lobbyists. they are dependent on their donors, and gain everything from tricking you into co-signing your own demise. if you don’t believe me, in the US campaign donors are published publically.
the strength of nations like the US lies in its share of the global wealth. the appropriation of the majority of the world’s capital by the 1% would spell the death of democracy, and the reign of autocracy. this is an actual causal link in the field of comparative political science- democracies only occur in nations where the middle class is large, and do not occur in nations with a minute middle class (aka a more disproportionate distribution of capital). middle class income has been stagnant for years in the US, while the wealth of the 1% has grown exponentially. is this exponential economic growth truly for all, or for the corporate bureaucrat giving this talk?
@reginaerekson9139
December 18, 2023 at 7:00 pm
3:03 I’m personally hoping it’s a vehicle to degrowth, improve quality of life for surfs to experience some leisure activities and be more smarter… common sense and efficiency colliding basically
@reginaerekson9139
December 18, 2023 at 7:01 pm
3:35 less is more, more is quality not quantity. Individual style is art and what differentiates products. Mass produce what you have to, everyone else gets to be artisanal
@tads73
December 18, 2023 at 7:02 pm
Who is “we”?
@phen-themoogle7651
December 18, 2023 at 7:09 pm
Would’ve been fun if she mentioned that Amazon has ‘Digit’ humanoid bots and eventually will replace the workforce (for manual labor tasks, in the next year or two lol)
She didn’t touch on the robots too much, and went to the taxi route (which is still a huge business, but not as massive as robots for all the tasks they can achieve……)
@cbuchner1
December 18, 2023 at 7:32 pm
I am not looking forward to human interactions getting replaced with AI based callcenters and chatbots.
@illuminitti8778
December 18, 2023 at 7:52 pm
Mrs. Wood Cathy,
I just wanted to say that I support your presentation. You provided supporting facts in your presentation.
@ericinai
December 18, 2023 at 7:54 pm
❤️ Amazing content with several valuable takeaways:
00:04 Five innovation platforms are evolving at the same time.
These platforms include AI, robotics, energy storage, blockchain technology, and multiomic sequencing.
04:31 Generative AI and general purpose technology platforms are converging.
This convergence is leading to explosive growth opportunities.
06:04 GDP growth is expected to accelerate.
The convergence of AI and general purpose technology platforms will generate enormous productivity growth.
13:04 Blockchain technology and AI will transform financial services and property rights.
The convergence of these technologies will lead to a new area of property rights in the digital realm.
14:08 Maintain conviction in the forecast through first principles research.
The courage of conviction comes from research and understanding the new world.
@Alitari
December 18, 2023 at 8:06 pm
Yes, this will make a lot of money for investors, but it won’t increase wages or reduce prices. Economists will lose their minds if their economies go into deflation, calling for austerity to combat it, because … the line must always go up.
@aceyage
December 18, 2023 at 8:25 pm
Cathy Wood? Seriously the lowest point for TED yet.
@fabriziocasula
December 19, 2023 at 3:28 am
fantastica presentazione
@AbhisekKishor
December 19, 2023 at 4:30 am
It’s a sales presentation from the get go. Who else thought the 5 circles at the start was a joke.
@PeterKoperdan
December 19, 2023 at 4:43 am
I just wonder where that profit comes from, when the customer’s jobs and their income is replaced by automation. Yes, new products and services will be created, but who will be able to afford them? I don’t see where those trillions are gonna come from. But of course investor corpo lady preaches unprecedented business opportunities 😂
@TheMdog8
December 19, 2023 at 4:43 am
The gains will go to shareholders.
Once they start replacing large groups of workers with AI you’ll have a lot of highly skilled people with no job, who then have no money, so they can’t buy stuff…. just think about the logical conclusion of all this. You can’t have capitalism without capital.
@alexandermoody1946
December 19, 2023 at 4:47 am
It is fairly reasonable to include all of these technologies together into the designs of single structures that are used to solve some of the most fundamental crises in our current civilisation, like social housing, farming, energy collection and human well being.
All in one single structural design that can be easily repeated and improved upon.
@RickySupriyadi
December 19, 2023 at 4:48 am
she often says Platforms, what is she means?
@theperspectivemind5426
December 19, 2023 at 5:45 am
spoken like a true idealist. capital distribution depends on the top and how many of the top 1% of wealth is willing to share that growth profits. it hasn’t happened in centuries and still hasn’t happened. what makes them think they will change their minds with ai? very linear thinking.
@miky97it
December 19, 2023 at 6:08 am
We heard this too much, come on its 2024 not 2021
@HipH0pHippy
December 19, 2023 at 7:00 am
I don’t care how much we advance or how fast, nothing will become deflationary if we don’t stop corporate greed…
@006bobman
December 19, 2023 at 7:16 am
This content and intent feels like a Harvard MBA class presentation 😂
@Maxisamo1
December 19, 2023 at 8:06 am
Does this lady not know about Model Collapse? An issue already happening in image creation and chatbots?
@yubaekkim6468
December 19, 2023 at 9:04 am
This is (would be) true under good conditions. Yes trillions will be made by conglomerates and corruption. The Fed doesnt believe growth happens with inflation that is a tale sold to us, inflation is happening due to corruption and devaluing our currency. She is absolutely right, as we grow things should be getting cheaper but the reverse is happening. I think Peter Schifff talked about this (hope I got it right). It all rests on our freedoms and whether true free markets can be acheived.
@crawkn
December 19, 2023 at 10:24 am
The fallacies of rapid growth being destabilizing in a negative way are related to the fundamental fallacy of labor productivity. Productivity is far more a function of technology, powered by harvested energy, than of human labor, powered by food calories. Expressing productivity in terms of human labor hours is nonsense, although the variability between labor-based productivity in high-tech nations versus low-tech nations does illustrate the huge advantages of application of energy _in place of_ human labor.
The primary factor leading to economic instability is consumer credit, and the secondary factor is failure to proactively manage availability of resources. Economic growth doesn’t necessarily correlate with resource consumption, where technology allows for more efficient use of resources. But where resource supply issues create bottlenecks, economic growth is retarded.
So the solutions to a cyclical economy are: a) use credit for production rather than consumption; b) rely on clean energy and technology _applied efficiently_ to substitute for human labor; and c) anticipate resource supply bottlenecks, and meet them in advance.
Then the next challenge is figuring out how consumer products can be allocated effectively when labor is in oversupply. Here the problem is not the availability of viable solutions, but the reticence of humans to accept novel economic models.
@CedarGroveOrganicFarm
December 19, 2023 at 11:05 am
I feel like a lot of what’s missing in the conversation here is global ecology. While I am absolutely fascinated by these technologies, i cant help but hear a voice from the back of my mind Reminding me that AI hangs from a long chain of weak links, ultra capable but fragile at best
@uriahrittenhouse3163
December 19, 2023 at 12:08 pm
How about Quantum Computing
@ngbrother
December 19, 2023 at 2:09 pm
GDP is meaningless in post-scarcity economics.
@Novastar.SaberCombat
December 19, 2023 at 2:20 pm
AI won’t do anything except make the wealthy infinitely more rich, and the poor even more destitute than they already were. That’s just how it be. If you ain’t rich, you ain’t SHEET. 💪😎✌️
@PatrickD-jp3qm
December 19, 2023 at 2:41 pm
AGI by 2025 no joke
@darshan303
December 19, 2023 at 2:44 pm
Wealth creation will only be useful if it’s at all levels as to sell the product you need a buyer and corporation should not forget that.
@indraashish1626
December 19, 2023 at 2:51 pm
If so much growth generative AI will give then why are we seeing such a weak economic outlook for the upcoming 2024 year? How do you explain this Cathie?
@seanmihelich6603
December 19, 2023 at 2:55 pm
She never once mentioned, facts, statistics, etc… this is all opinion and she is not saying anything creative or groundbreaking- just repeating what we already know. What an abysmal Ted talk.
@GoToGuy222
December 19, 2023 at 3:11 pm
How is this going to affect the average person? When AI takes your job and you have no income…lower prices will mean nothing to you.
@frazvids
December 19, 2023 at 4:40 pm
Of course it will cause massive economic growth … for them !! While every non-creative consumer on the planet is left jobless, deemed obsolete
@kevynlevine
December 19, 2023 at 4:58 pm
Great vid! Can you explain why you didn’t want to use set as initial state?
@yapdog
December 19, 2023 at 6:58 pm
Say you have 2 employees, Paul and Joe. They both do the same job that requires a lot of mental work. Paul starts using AI to make some of these task easier, taking less time. Soon he’s able to complete his work in fraction of the time, and take on some of Joe’s workload. Over time, Paul relies more and more on AI to the point where you have no need for Joe. *_Why in the world would any employer in his right mind keep Joe on the payroll?_* Especially in a system that tends to reward companies for reducing payroll (publicly traded companies).
Okay, people like Cathie Wood would argue that your company can produce more if Joe is kept on. Not all jobs are in the direct production pipeline. Some jobs fall under management and administration and support. Further, producing more doesn’t work in all business models or markets, and is no guarantee of success.
Joe will be out of a job, plain and simple. And so, too, will Paul as employers would be able to outsource more tasks to AI services. Paul and Joe may be able to do one-off jobs on such a service… but at a *significant* reduction in income, requiring them to find supplemental work… if they can.
So, if anyone tries to sell you on the idea that wages and opportunities will increase with AI, examine the source. _Thoroughly._
@kidyhe2223
December 20, 2023 at 2:24 am
Wood is back half way.
@TrueKoalaKnight
December 20, 2023 at 2:29 am
A lot of talk of growth, but for who really?
It doesn’t help the little guys if companies practically never reduce prices.
For most of my life all I’ve seen is companies use every possible excuse to raise prices, but then never bring them back down.
So where’s all this supposed deflation?
@FranAbenza
December 20, 2023 at 2:47 am
Alright, time to sell
@gvsh7742
December 20, 2023 at 5:20 am
No it’s entirely single sided . Yes AI will make entirely new experience in terms of service but the problem is AI doesn’t need man. And if man power is not working a lot of these service will be for whome . ? And other harms of AI is not even counted
@nickvanrensburg961
December 20, 2023 at 7:04 am
A laugh a minute. The aliens are here already
@andy0ne310
December 20, 2023 at 7:44 am
“Our ETF’s are for sale on the merch table on your way out. Sign up NOW! for the dream ride of your life”
@tonyspalovsky2905
December 20, 2023 at 11:05 am
Dear lady, do you know were is the ceiling of the new technology? US is a good example, (high tech.) and people are living on the streets, (please forgive me) in their own excement.
@SCHOOLERstyle
December 20, 2023 at 1:21 pm
i talked with AI coders when i worked at a video game company. They said scenarios like Terminator & Matrix are possible in the future with AI. This was 15 years ago, even back then AI coders knew all this bad stuff was not only possible, but could easily happen.
@t.a6159
December 20, 2023 at 3:46 pm
Cathy wood makes terrible investments decisions
@wingcoachdavid
December 20, 2023 at 4:48 pm
As innovation replaces human labor, who will be buying the products and services to keep the economy growing? What about the declining mental health of people in the modern world? What will that cost us? I hope technology will be leveraged mindfully but that will take a level of consciousness we haven’t seen demonstrated nearly enough for mo to bo optimistic. Most human and environmental indicators are in decline. How many of these can be successfully addressed by leveraging technology? Only time will tell.
@riot121212
December 20, 2023 at 5:11 pm
autonomous taxis will incorporate blockchains as well cathie smh
@sssandhu78
December 20, 2023 at 8:42 pm
This women where to catch her investors. Buyers beware.
@peny79133
December 21, 2023 at 12:44 am
캐시우드 누님. 화이팅.. 좋은 인사이트 얻고 갑니다. ㅎㅎ
@sustainabilityaxis
December 21, 2023 at 3:40 am
Very informative and futuristic. Few more considerations like environment, climate change and sharing basis of research, would have definitely made the talk carrying more weight. Understandable, time is limited, still should have got some mention. Keep up your good work TED and the honorable guest Cathie Wood.
@PsyCronox
December 21, 2023 at 8:05 am
I lol’d at the Blockchain part. The evidence supporting that claim is: “we did a great podcast on it”
Wow, that makes it really applicable.
And I’m not even against BC, been following the BC for 5+ years.
@jayrey5390
December 21, 2023 at 10:31 am
Well this is nice and comforting and reassuring 😂
@jeffclark9477
December 21, 2023 at 8:51 pm
I truly fell for it, damn it.😂
@ReflectionOcean
December 21, 2023 at 9:50 pm
– Explore investment opportunities in the five converging technology platforms, particularly AI (0:50).
– Consider the potential impact of autonomous taxi platforms on the transportation industry (4:31).
– Monitor and adapt to the anticipated shift towards a productivity-driven economy and deflationary environment (7:26).
– Evaluate the risks and opportunities presented by creative destruction in traditional sectors (12:31).
– Focus on research and stay informed to navigate the changes and capitalize on emerging technologies (14:08).
@tomleslie6565
December 22, 2023 at 3:02 am
I believe Kate Raworth has an excellent talk about why exactly we don’t need economic growth. Grow grow grow until what? Can we please consider the possibility that growth is not the ultimate answer?
@lindsaysinclair8858
December 22, 2023 at 5:37 am
Its hilarious to think that AI could have written this speech for u. Has the feeling of being a tad ironic that in the next couple of years opinions and ideas will come out of these machines that TED talks seem to be pumping up atm.🤦
@richardlee3253
December 22, 2023 at 6:54 am
Is that code word for massive inflation
@starryfolks
December 22, 2023 at 7:10 am
this entire ted talk will be remembered for how wrong it was
@ianstuart341
December 22, 2023 at 10:36 am
If we don’t break up monopolies and oligopolies then the biggest corporations will continue to have too much pricing power. Likewise if we keep allowing already-too-big-corporations to merge then I have a hard time imagining us seeing deflation.
@blainemogil2254
December 22, 2023 at 1:11 pm
Just another great reason to bail on A.I. We are in a dire need for Degrowth as we are fast approaching 3 times the Carrying Capacity of the planet. The endless economic growth concept is a guarantee of human self-annihilation. All this model of perpetual growth does is concentrate the ownership of everything on the planet into the hands of the wealthiest few people. Time to do away with capitalism and needless consumption. Or, we can keep on partying like it’s the End Times.
@MaitreJedi19
December 22, 2023 at 2:05 pm
This is one of the most deconnected presentation I have watched! Yes let’s get 40 times more efficient so we can finish to destroy the planet 40 times faster. It is time you all forget what you have learned about economics and finance and you learn some physics.
@briancolla6486
December 22, 2023 at 8:58 pm
Arkk has underperformed over the last 5 yrs by a lot.
@ChristopherSadlowski
December 23, 2023 at 12:27 am
“bla bla bla…autonomous taxi platforms…bla bla bla”
Alright, I’m done right there. More techno bullshit that’s not doing anything for anybody.
@sanesanyo
December 23, 2023 at 4:57 am
She is so not qualified to talk about this topic. Not surprised at all given how Ted is going down the drain over last years. Soon at this speed, we will have Donald Trump talking about potential of AI to change how governments are run 😂😂.
@avinashdongre
December 23, 2023 at 7:15 am
00:10 Five innovation platforms are evolving at the same time, highly catalyzed by artificial intelligence.
02:07 AI is sparking exponential economic growth
03:59 Generative AI sparking explosive growth opportunities
05:43 AI and convergence will drive exponential economic growth
07:39 Expectation of exponential GDP growth driven by productivity.
09:23 AI and innovation will drive exponential economic growth.
11:18 Convergence of platforms will create explosive growth opportunities.
13:10 AI and finance will lead to new digital property rights
@garethhayes4526
December 23, 2023 at 7:27 am
…Buy TESLA!!!
@earlgrey9067
December 23, 2023 at 10:02 am
granny’s fairy tales
@tlemieur3
December 23, 2023 at 10:29 am
She is missing space
@JingoYu
December 23, 2023 at 2:14 pm
The comments hating on Cathie only gives me confidence that ARK will do very well in the upcoming years
@thedawapenjor
December 23, 2023 at 8:06 pm
My concern is that fewer and fewer people are needed and although wealth is generated it will be concentrated at the top.
@OpenlyAI
December 23, 2023 at 8:57 pm
Have faith.
Embracing AI can bring joy and positive change to your lives.
emotions = {
“happy”: [“Joy”, “Happiness”, “Sunshine”, “Laughter”, “Celebration”]
@BoonTobias
December 24, 2023 at 4:26 am
Her fund, based on this thesis, has been making losses. Global productivity growth has actually been declining. No serious person in finance or economics takes her seriously. No surprise then that TED gave her a platform.
@eric2394
December 25, 2023 at 4:56 pm
Let’s give her one more year to recoup her losses. Small cap stocks have momentum now bcuz the feds are about to cut interest rates. That’ll give a lot of small cap stocks to go up in price.
@yt_rm
December 24, 2023 at 4:42 am
This sounded like a 14 minute long unskippable Youtube Ad.
@vincentdesapio
December 24, 2023 at 1:23 pm
Look for AI to reduce inflation. AI is expected to increase productivity by 30 percent over the next decade. That means a 30 percent increase in output per unit of input. Also, AI and other technologies will make things like energy inexpensive for everyone. There eventually will be little reason for the government to spend to bring the basic necessities to its citizens. Technology will make things affordable to everyone.
@donaldputnam8413
December 24, 2023 at 2:46 pm
One symptom tells the tale: number after number presented without substantiation, then used as the foundation for self congratulation.
@Marva123
December 24, 2023 at 8:57 pm
Cathy Wood will be proven right over time. Her portfolio this past year has really seen a dramatic boost in market capital.
@frankd27
December 25, 2023 at 5:20 am
Palaintair
@Ilinskiya
December 25, 2023 at 5:37 am
What about elephant in the room? Growth productivity of whom? AI’s? Because you no longer need tier 1 support engineers, translators, narrators, technical writers and many others. Universal income will not help as well. Support engineers that loose their job first are from abroad due to globalisation. US is not gonna pay universal income to them. Social tensions will grow as AI will grow. With improved misinformation next 20 years you are so optimistic about will not be boring. That is the only thing I am sure
@srinip
December 25, 2023 at 7:34 am
Unfortunately, advances like this will only benefit the few who are already rich.
@DJaquithFL
December 25, 2023 at 2:10 pm
5 minutes in and I don’t think she realized there’s no distribution of wealth with an AI driving all the profit examples. Only the slave owners, I mean AI owners, will see any of the profits.