Claude AI Can Do Months of Work in Minutes, Says Ark Invest’s Cathie Wood
Wood feels that improvements to AI tools can lead to an uptick in productivity, allowing companies to do more with fewer employees.
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Image Credit- Diksha Mishra/ MIT Sloan Management Review Middle East
Cathie Wood, the founder and CEO of Ark Invest, an American investment management firm, believes that current workplaces are experiencing a change with AI similar to the early days of personal computers in the 1980s.
Having once been capable only of simple calculations, such as addition and subtraction, personal computers transformed how businesses operated and work was done over the decades.
A similar moment is being experienced with AI.
In a recent Ark Invest video, Wood described how she observed a team member using Anthropic’s Claude to complete multiple automation projects that would normally take months.
”Someone on our finance team was just blown away by how quickly he was able to automate all these projects that he had lined up over the past six months,” Wood said.
She observed that the employee had been working on the projects for approximately six months and chose to test it with Claude—rather than tackling one project at a time—while the company still relies on Palantir’s systems for its operations.
Wood notes that the speed and quality of the results left everyone surprised. The results included structured outputs, such as tables and graphics, that looked polished and ready for use. Team members manually double-checked a few calculations to ensure the numbers were correct.
“Everyone around him was shocked at how beautiful the graphics were, and how perfect the tables were,” Wood said, adding that even after cross-checking the additions, subtractions, and percentages, the results remained accurate.
This improvement can lead to an uptick in productivity, enabling companies to do more with fewer employees. She cited recent US data where job numbers were revised downward multiple times, despite steady economic output.
“If you revise down employment in order to get the same amount of GDP, productivity has to have increased,” Wood said.
The team at Ark Invest is advocating for technological innovation, especially AI, which has led to a noticeable rise in productivity. Wood notes that productivity growth, which has been roughly 2% in recent years, could reach 5% if new technologies continue to improve rapidly.
