Robots could surpass workers at Amazon by 2030, Cathie Wood says

will dramatically change the company's workforce in the coming years, the portfolio manager said Wednesday."Amazon is adding about a thousand robots a day. ... If you compare the number of robots Amazon has to the number of employees, it's about a third. And we believe that by the year 2030 Amazon can have more robots than employees," Wood said on CNBC's ""So we are just at the dawn of the robotics age.

The robot revolution will not be limited to Amazon; it will spread across manufacturing, Wood said, as improving technology and falling costs speed up the transition. "If you look at the cost declines, which drive all of our models ... for every cumulative doubling in the number of robots produced, the cost declines are in the 50-60% range," she said.. The company is expected to release fourth-quarter earnings on Thursday.

However, like many other tech companies, Amazon has begun to lay off workers in recent months. Amazonmore than 18,000 job cuts in January, though that leaves company still well above its pre-pandemic level of employees. Wood's bets on new technologies made her a star investor in 2020, when the Fed cut interest rates and the work from home boom fueled interest in high-growth tech stocks. Some of those stocks are back in favor again, as Wood's

The next time she’s right will be the first time. She ruined a generation of investors just like the dot com meltdown did to my Gen X.

Tesla will be worth 5T ….Bitcoin will be 1M … a certain fun will return 40% for the next few years though it returned -65% in 2022…

Cathie just talks shit. Her entire investing strategy is riding Tesla stock

Definitely, time will come when robots population will be more than humans.

As Gandhi said many many years before

FOCUS IN ARKK PLEASE!!! NOW NOT IN 2030!!!!

Can we get some robot to replace congress?

Have you been to an Amazon warehouse? Most of it is automated already, it'll surpass that date a lot sooner.

And where will these robots be manufactured?

'Great, that means I won't have to worry about losing my job anytime soon!'

That's great. Workers unemployed & a R party that wants everyone who isn't rich to have a million kids & home school them. Poverty & misery are going to reign down on the U.S.

Of course. Look at coupang

Of course. It’s a million square-foot warehouse.

If Cathie isn't buying Boston Dynamics, then she has no clue about Robotics. Betchya she still thinks a dancing person in a suit is a robot. 🤣😂

Define robot

If my Echo is any indication they should be prepared for a lot of frustration.

Why even listen to her - she has been proven wrong so many times

Fvuk western stock markets shorting

Maybe they replace her

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