Reported 1 day ago
Cathie Wood, CEO of Ark Investment Management, views the rise of China's DeepSeek in the AI sector as a beneficial development that could help tech companies cut costs and enhance their platforms. Despite a recent decline in the Nasdaq 100 due to DeepSeek's challenge to US tech dominance, Wood believes that decreased costs are advantageous and does not support heavy regulation in the industry at this time. She indicates that major companies like Meta and Amazon may also gain from these innovations, while also expressing increased interest in the Chinese market.
Source: YAHOO