Cathie Wood says falling AI costs cause inflation measures to understate software price declinesMachine translation

ARK Invest CEO Cathie Wood: Official inflation numbers are missing how fast AI is making software cheaper With AI training and inference costs falling 75% to 99% every year, Cathie Wood argues the government's main inflation measures, the CPI and the PPI, badly undercount how fast software prices are really falling. ---- Full video on "ARK Invest" YouTube channel, (link in comment)

Full video on "ARK Invest" YouTube channel https://t.co/72xKiBYKPt

Cathie Wood blames Anthropic's CEO for the AI backlash and predicts a labor shortage instead of job losses "I think that Anthropic, and and its CEO, Dario, in particular, has caused a lot of these negative headlines. The 10% probability of extinction of humanity within the next decade, massive job losses etc. I can't understand why he's been saying it. We don't believe either one of those uh either one of those things or outcomes is true at all. And in fact, we think we're going to be facing a a labor shortage." ---- Full video on "ARK Invest" YouTube channel, (link in comment)