AI Drives Significant Productivity and Revenue Growth, Says ARK's Casey Wood

2026-03-17 19:37

Casey Wood, Chief Investment Officer of ARK Investment Management, highlighted the transformative impact of artificial intelligence on labor productivity, noting a 2.8% year-on-year increase in non-agricultural productivity. Wood anticipates AI tools will further boost productivity growth to approximately 6% annually. She emphasized the remarkable revenue growth of leading AI model providers, with Antopi's annualized revenue hitting $19 billion and Opney's revenue rising from $20 billion to $25 billion. Wood projects AI-driven revenue growth could reach $10 trillion to $12 trillion over the next decade, significantly impacting GDP.

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