Ark Investment Management's ETFs primarily invest in innovative technology stocks, focusing on disruptive innovation in areas such as artificial intelligence, autonomous technology, robotics, fintech, genomics, and space exploration. The flagship Ark Innovation ETF, for example, holds a significant stake in Tesla due to its self-driving software.
Cathie Wood predicts AI software will have a significant impact on revenue generation, with software companies potentially generating $8 in revenue for every $1 spent on chips from suppliers like Nvidia1. She believes the productivity boost from AI could add a whopping $200 trillion to global economic output by 2030.
Amazon integrates AI into its various business divisions by using AI-powered product recommendations, chatbots, sales forecasting, inventory management, and supply chain optimization. In e-commerce, AI algorithms analyze vast data to provide personalized recommendations and optimize inventory. Amazon Web Services (AWS) offers AI-based tools for developers, while consumer electronics like Echo and Astro use AI technologies such as natural language processing and computer vision. AI is also used to improve business operations across the company.