Cathie Wood, CEO of Ark Invest, Hails AI as Most Transformative Technology in History
In a recent tweet, Cathie Wood, a renowned investor and chief executive at Ark Invest, praised artificial intelligence (AI) as the most transformative technology in history. She shared a recent "white paper" written by Ark's Chief Futurist Brett Winton, which delves into the current development and rapid expansion of AI, as well as its potential and future achievements.
Wood believes that AI will be a catalyst for innovation in various sectors, such as autonomous mobility and healthcare. Recent advancements in AI include ChatGPT by OpenAI, Midjourney and Grok by Elon Musk's xAI start-up, and Microsoft's Copilot. Apple is also actively working on AI products.
Aside from her interest in AI, Wood is also a prominent Bitcoin supporter. She has made bold price predictions for Bitcoin, with expectations of the cryptocurrency reaching $1.5 million per coin by 2030. This outlook aligns with predictions made by Robert Kiyosaki, author of "Rich Dad Poor Dad," who foresees significant disruptions in the finance industry due to AI.
Kiyosaki predicts that Bitcoin could reach $500,000 by 2025 and $1 million by 2030 as AI-based bots enter the finance sphere. At the time of writing, Bitcoin is trading at $61,360.
In conclusion, the rapid development of AI and its potential impact on various industries, including finance and healthcare, is a significant trend to watch. Investors and individuals should stay informed about AI advancements and consider the potential implications for their financial decisions and future investments.