ARK Invest founder and CEO Cathie Wood says the next decade could deliver one of the largest economic expansions in history, driven by five converging technology platforms, including AI, that she believes will transform productivity across industries.
Speaking at the All-In Summit, Wood says her team’s research now centers on technology platforms rather than traditional industry sectors — a shift she views as essential to understanding how innovation is compounding across the global economy.
“This time, there are five platforms, not three major platforms, and they involve 15 different technologies. This is very important in terms of how to research and analyze the world. It’s not going to be by sector or industry anymore. It is going to be by technology, because technology is permeating every sector, every industry, and blurring the lines between them.”
Wood lists the five platforms as robotics, energy storage, AI, blockchain technology, and multiomic sequencing — areas she expects to generate massive productivity gains over the next five to ten years.
In her view, the impact of these technologies will not be incremental but exponential. Wood notes how the rapid growth of each technology fuels and accelerates the others in a self-reinforcing cycle.
“In the autonomous mobility space, that is the convergence of robotics, energy storage, and artificial intelligence. Now, each one of those technologies or platforms is following its own S-curve. And we are moving into the sweet spot of the S-curve now that autonomous taxis are debuting in the case of Tesla in Austin and San Francisco. Waymo’s been there for a while.
Just think about that, one S-curve feeding another S-curve feeding another S-curve. That’s why we’re going to see explosive growth.”
She says the compounding advances will serve as catalysts that would lift US economic output far beyond its historic baseline.
“And I think President Trump’s tax package is going to turbocharge this, that real GDP growth will accelerate from that 3%, where it has been for the last 125 years, towards 7% plus. And we think that could be conservative.”
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