What’s the impact on economic growth of artificial intelligence and other new technologies? During the 90’s the #y2k effect forced companies around the world to increase capital expenditures to make sure computers and systems were able to cope with the new millennia. That propelled the internet and created a new economy. The chart below and the report produced by ARK Investment Management LLC, shows an estimate of the potential cumulative impact on gdp of several technologies, both past and future. The expectations for #ai are gigantic in absolute terms and relative to other technologies: 130% cumulative impact on gdp. This is the reason why the #magnificent7 are pulling from indices and why the U.S. is leading global equity markets.
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