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A Strategic Move into Artificial Intelligence
Ark Investment Management, under the leadership of Cathie Wood, has recently invested in artificial intelligence powerhouse OpenAI. This investment marks a significant move for Ark, emphasizing the explosive growth and potential of the AI industry. With the future market cap of AI companies projected to hit $16 trillion by 2030, Ark's involvement signals a bullish outlook on AI's transformative impact.
April 12, 2024 08:59 AM