Cathie Wood Claims AI Can Address Economic Challenges
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Renowned investor Cathie Wood anticipates a potential hard landing for the U.S. economy, facing certain difficulties. However, she remains optimistic that technological innovations such as artificial intelligence can help improve economic conditions. Wood analyzes that AI can reduce the costs of goods and services, stimulate demand, and thus its deflationary effects are beneficial for economic growth. Additionally, the sustained strength of the dollar will also exert deflationary pressures. Wood does not believe that technological innovation is the sole factor driving economic rebound, but it is crucial for improving the economic environment. She is bullish on the positive role of cutting-edge technologies like artificial intelligence in addressing current economic issues.
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