In a discussion at the Global Sports Leaders Conference in Kiawah, South Carolina this week, Cathie Woodthe CEO of ARK Investingshared with her his perspectives on the future of technology and investing Andy Serwer.
Wood, known for her deep belief in the transformative power of technologies such as artificial intelligence (AI), robotics and blockchain, is not only enthusiastic about these areas, but sees them as her mission to share with the world.
Barron’s reported that Wood’s optimism regarding Tesla Inc. TSLA and its future in autonomous vehicles, despite recent skepticism due to lower-than-expected orders, underlines its confidence in the potential of disruptive technologies.
During his conversation with Barron’s Andy Serwer, Wood argued that Tesla is more than a car maker: It’s at the forefront of robotics, energy storage and artificial intelligence, promising to revolutionize the industry with high-performance business models. high margin similar to software as a service.
Contrary to the retreat from electric vehicles (EVs) by traditional auto giants such as Ford and GM, Wood predicts that Tesla’s innovations and price cuts will dominate the market.
His strategy of buying low and selling high reflects his investment philosophy, further highlighted by his position on Elon Musk and his undiminished dedication to the advancement of technology.
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When asked about Wood’s concern about Musk’s behavior and how it has changed, Wood said, “Oh, no, it’s not different at all.”
“Honestly, we’ve met him, obviously, several times. I think he’s extremely focused on the barriers to entry for his companies, [and] pushing technologies forward. We’re learning more about what it’s going to do in terms of block manufacturing, moving away from the assembly line and rethinking everything. I think it’s transforming the world. For him, it is extremely important to save humanity from itself, in terms of electric vehicles and energy storage. He watches what he does, not what he says.
Wood also highlighted the importance of Xformerly known as Twitter, as a platform to share ARK Invest research and engage with innovation communities.
Despite the volatility of ARK Invest’s returns, Wood remains undeterred, backing investments in what she sees as the new Nasdaq of disruptive technologies.
Addressing concerns about the environmental impact and misuse of cryptocurrencies, Wood compared these early criticisms to those once leveled against the Internet, highlighting the innovative uses of Bitcoin mining to promote environmental sustainability.
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This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
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