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Cathie Wood Forecasts More Than 7% GDP Growth, Negative Inflation, Says CEOs Must 'Drive This Change' As AI Spurs Transformation - Palantir Technologies (NASDAQ:PLTR)
Benzinga· 2026-01-24 07:12
Economic Outlook - ARK Invest CEO Cathie Wood predicts real GDP growth will exceed 7%, attributing this to AI-driven productivity gains and calling it "the biggest entrepreneurial explosion in history" [1][4] - Wood forecasts that inflation will turn negative, driven by technology-enhanced productivity [4] AI Adoption and Corporate Restructuring - Companies must undergo complete restructuring around AI to avoid becoming irrelevant, with a strong emphasis on CEO leadership in this transformation [1][2] - Wood cites ARK's own implementation of Palantir Technologies as a successful example of AI adoption leading to productivity gains [2] Bitcoin Market Projection - Wood projects Bitcoin's market capitalization will reach $16 trillion by 2030, a significant increase from below $2 trillion currently [5] Youth Unemployment and Entrepreneurship - Youth unemployment for ages 16-24 is at 12%, with an average duration of 24 weeks, but Wood believes this will not lead to persistent unemployment due to demographic shifts [6][7] - Wood encourages young people to leverage AI to create businesses that address unmet needs while seeking employment [7]