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

Photo caption: Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Photo credit: Marco Bello | Getty Images. Article by Jesse Pound. CNBC – updated February 1, 2023.

KEY POINTS

• “We are just at the dawn of the robotics age. And I would say artificial intelligence and battery technology are all a part of that movement as well,” Cathie Wood said.
• Amazon had more than 1.6 million workers at the end of 2021, according to its most recent annual report.
• Wood’s Ark Innovation ETF (ARKK) just finished its best month ever, but is still down dramatically over the past two years. […]

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