Reported 2 days ago
Cathie Wood, CEO of Ark Invest, highlights the growing significance of AI investments, particularly in OpenAI, which recently raised $6.6 billion. Wood is optimistic about the profitability of AI firms with the development of agentic AI and believes healthy competition will enhance the sector's growth. Despite leadership changes at OpenAI, she expresses confidence in its management and comments on the potential for AI companies to remain private longer due to regulatory concerns. She also discusses Tesla's upcoming robotaxi venture.
Source: YAHOO