Cathie Wood: AI inference costs falling 99.99% yearly as OpenAI's run-rate jumps $20B to $70B
CathieDWood · x · 2026-10-03
ARK's Cathie Wood pushes back on inflation fears with a "good deflation" thesis:
- Key numbers: At fixed performance, AI inference costs fall 99.99% per year, while OpenAI's annualized revenue run-rate jumped from $20B to $70B — demand explodes as prices collapse.
- Macro call: She defends her controversial forecast of high single-digit real GDP growth, drawing an analogy to the late-1970s PC and software revolution that delivered stronger growth and falling inflation.
- Implication: AI cost declines will seep into the broader economy, lifting productivity and profitability and pushing inflation lower than most investors expect.
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