Cathie Wood

.@DavidSacks makes a good case here that the “AI will kill humanity” headlines were orchestrated: they leaped into mainstream media from the dormant X account of an Anthropic employee who quit after six weeks. David names purported perpetrators and calls out the role @WSJ played. All technologies can be—and are—used for nefarious purposes. I believe that @elonmusk and others who are not political conspirators but highlight the potential risks associated with AI are doing us a great service. Half of the solution—including AI—is understanding the problem.

Last week, I was in the UK with @realartlaffer who masterfully explained (video) and debated the simple logic behind The Laffer Curve: raising tax rates lowers the incentive to work and invest. From today’s levels in the UK, higher rates will result in lower tax revenues. Thank you, @matthew_elliott, for your kind hospitality during our visit and for guiding and inspiring not only the Jobs Foundation but also all workers and investors in the UK with this important message from the creator of The Laffer Curve himself!

The price elasticity of demand for AI is enormous.

A public service, from the AI team @ARKInvest ! $META’s Muse can help you find unclaimed money, fast.

Blockchains have been around for more than a decade, and more will launch. In this piece, Lorenzo offers a digestible (!) framework for understanding the different business models, trade-offs, and go-to-market strategies chains are using to scale, monetize, and acquire users.

Since the ChatGPT moment, token usage inside OpenAI has scaled astoundingly: to a median $12,000 per researcher per month and $140,000 per top-level researcher per month. Their agents seem very busy, and productive. Could be a leading indicator of massive productivity gains!

Two hundred railroads went bankrupt in the 1800s. I don't think the AI buildout will end the same way. The railroads were built on a hope and a prayer while AI revenues seem to be screaming. Watch my latest In The Know: https://t.co/8eNZz74buB https://t.co/SmouqxklaK

Yesterday's employment report was strong. Payrolls increased by 162,000, household employment grew more than 500,000, and the average workweek increased. The economy was cranking in August. Many will see more inflation and Fed tightening. I see something bigger. Headline inflation is 3.7%, but other measures are much closer to 2%. Oil could fall toward $30. Equities are hitting all-time highs as rates rise. Capital spending has broken through a ceiling that held for more than 20 years. Bitcoin is breaking away from gold. Companies embracing artificial intelligence are creating jobs faster. These are not disconnected signals. They could mar…

Since his first child was born 10-11 years ago, @wintonARK has been saying that by the time his children are old enough to drive, we will be describing human driven cars as WMD, weapons of mass destruction. I think he is right!

At @ARKInvest, rarely do we underestimate the speed of technology enabled disruptive innovation! That said, we have been saying for quite some time that AI would create a technology revolution. Here we are!

Yes, welcome to the US @Revolut!

Most investors do not appreciate the important role that @LayerZero_Core is playing in crypto messaging and interoperability. I am so impressed with the vision of Bryan, Simon, and the team.

Block’s product velocity has been phenomenal since @jack reorganized the company and activated AI in a profound way.

Good for #Robinhood: net new users who will help build its liquidity and increase its credibility in crypto.

👏👏👏😊 Grokbot!

Slowly, slowly…then all at once.

As mainstream media continues to fail, perhaps polls and prediction markets should offer two-way perspectives based on facts before polling and creating markets. @X could help.

When I try and explain that tokens inferenced increased 25-fold in a year and are multiplying exponentially, cascading through the economy, and are likely to push real GDP growth per year toward double digit territory, many clients and companies simply do not comprehend. Because they have not experienced 25-fold, most investors hear the number 25 attached to growth and mentally note 25% which, in the context of history, is really good growth. 25-fold is in another investment orbit: 100 units increasing, not to 125, but soaring to 2500! Now that revenue at the frontier AI labs is multiplying 5-fold and 10-fold over six months to one year, an…

Yes, let’s GO!

Thrilled that you have joined SpaceXAI/Cursor, James. Your creative and independent streak will complement the rarefied engineering talent at @SpaceXAI. @ARKInvest was blessed that you were on our team for six years!

Broadcom is enabling OpenAI’s impressive Jalapeño chip.

Smart.

Though $CRCL has appreciated 84% since its IPO, this one-year chart illustrates the inefficiency of public equity markets in the short term. Many financial services analysts have built their long-term track records off of $V and $MA and cannot fathom Circle, the disrupter. Since they went public in 2006 and 2008, respectively, $MA and $V have appreciated ~150X and ~33X, rewarding analysts who recommended “buy the dip”. Now technology—not what these analysts do—is disrupting the traditional world order. $CRCL should be a prime beneficiary.

After three and a half years, agentic AI has created another ChatGPT moment!

A technology revolution! I founded ARK in 2014 for this kind of moment.

As Elon suggests, AI is likely to create an entrepreneurial explosion. The disappearance of entry level jobs in corporate America is a blessing in disguise for new graduates. Start your own company to solve a problem, with AI as your only employee. Only 10% of startups survive, Knowing that only ~10% of new businesses survive, founders looking for a hedge will find that other companies are searching for talent with the initiative to start their own companies and solve problems, doing so only with AI. Excited for the future!

Innovation has historically been viewed as a source of growth, not income. ARKY challenges that assumption. We believe the volatility created by disruptive innovation is not simply a risk to be managed but an opportunity to be harvested. ARKY is designed to convert that volatility into a compelling income stream, opening innovation investing to an entirely new audience. Learn more about it here: https://t.co/EZhJA8IbDc

Yes, prices are collapsing but volumes are exploding. In @ARKInvest’s view, the price elasticity of demand for increased productivity and intelligence is enormous, setting in motion a virtuous cycle that is in its infancy.

Great perspective on the best way to have invested in this crypto cycle, @LorenzoARK: follow the developers, as always, and get as close to the end user as possible!

Welcome to @ARKInvest, Karim. I have learned so much about AI models from you already!