Cathie Wood: AI inference costs falling 99.99% annually could usher in an era of "good deflation"

Odaily reports: Cathie Wood, founder of ARK Invest, stated that cost declines brought by innovation platforms such as AI will gradually transmit to the broader economy, boosting productivity and corporate profitability, and pushing inflation below levels expected by most investors—what is known as "good deflation."Cathie Wood believes that AI inference costs are currently falling 99.99% annually at constant performance levels. Meanwhile, OpenAI's annualized revenue run rate has grown from $20 billion to $70 billion, indicating that cost declines are driving rapid demand growth. ARK Invest expects real GDP growth could reach the high single digits, although this forecast seems "crazy" to most people; in a stronger real growth environment, interest rates could actually rise.