AI Will Drive the Next New Wave of Innovation
From Yahoo Finance: 2025-04-17 18:30:00
Cathie Wood sees transformative investment opportunities in AI despite market uncertainty. AI accelerating innovation in healthcare, autonomous driving, and software development. Wood believes AI will affect every technology, driving economic growth expectations for the next five years. Her firm’s analysts focus on tech to identify opportunities spanning multiple sectors.
Wood predicts Tesla’s robotaxis to reach safety milestone this year, surpassing human drivers’ safety threshold. Anticipates regulatory changes to accelerate autonomous driving adoption, transforming transportation economics. Expects global robotaxi network to cost 25 cents per mile, significantly lower than current rideshare services.
AI’s impact on healthcare highlighted, with companies like Recursion Therapeutics seeing tenfold increase in researcher productivity. Drug development timeline could shrink from 13 to 8 years, costs drop from $2.4 billion to $600 million per drug. Wood optimistic about accelerated economic growth driven by converging technologies over the next five years.