Reported about 1 month ago
Cathie Wood, CEO of Ark Invest, continues to invest in promising companies despite a challenging year. Recently, she bolstered her stakes in Tempus AI, Blade Air Mobility, and Absci, targeting innovative firms in artificial intelligence and air travel. Tempus AI, a leader in AI applications for oncology, delivers strong financials, while Blade Air Mobility focuses on efficient short-range transport. Absci utilizes AI to enhance drug development, although all three companies face future profitability challenges.
Source: YAHOO