Cathie Wood

I'm proud to support @bitcoinpolicy’s open letter urging frontier AI labs to open a clear pathway for qualified open-source defenders. AI could become the most powerful defensive technology in history. Attackers already are exploiting it. Defenders cannot be left behind. We believe Bitcoin is critical public financial infrastructure. Those securing it should have trusted access to the most powerful AI models available.

For perspective, 52 GW is roughly half of US nuclear power generation, which in turn accounts for ~20% of US electricity generation. So, today’s battery storage capacity could accommodate 10% of US electricity generation, and its capacity is growing 70% per year. Wow.

Ironically, contrary to the narrative, open weight models are becoming an important reason that OpenAI, Anthropic, and ultimately, in our view, SpaceXAI are likely to take the vast majority of model-driven AI revenue.

I always learn a ton from our Bitcoin Brainstorms. If agentic commerce is on the threshold of transforming the shopping experience, favoring the long tail, as @GrousARK and @varshikaARK have concluded, this episode is timely. Thank you, @rodroudi and @bitcoinpark_ for hosting!

US domestic profits before tax are hitting highs we haven't seen in many, many decades (13.2% of GDP). Some of that came from massive monetary and fiscal stimulus during COVID, but what's holding it up now is different: companies leaning into AI and productivity gains to protect their margins. I think we're still early in seeing how far that can go, and the companies that get this right are going to separate themselves from the ones that don't. I share more thoughts in the August In The Know. https://t.co/q1tcd60yK2

OpenAI’s transparency about the Hugging Face incident on @BlackHatEvents was impressive and provocative. Model usage for cybersecurity is likely to explode from current levels!

Fascinating about the Cloudflare call was no mention or question about stablecoins, the monetization enabler of this new world order! Research teams siloed by sectors or industries, like software/cybersecurity and financial services need to collaborate as technologies converge.

We thought the increase in satellite bandwidth from V2 to V3 was 20X. 100X is astonishing.

AI-driven commerce is helping the long tail of $SHOP’s merchants, as 75% of those sales are benefiting merchants below the top 100.

Good perspective as we sort through the proliferation of frontier AI models in search of the winner or winners!

You are beautiful and timeless, @mayemusk! For those who have lived healthy, challenging, and interesting lives with loving children and partners, like you have, the seventies are sublime. You are an inspiration.

Starship’s successful splashdown was perhaps game-changing news for #SpaceX; yet, the stock dropped further below its IPO price today. The equity market is climbing a “wall of worry”. Bull markets do not end in this way. They end when everyone believes the sky is the limit!

Wow! @C_Angermayer is selling his psychedelic biotech company $ATAI for ~$3.8 billion to the largest biotech company in the world, Lilly. Not only a well-deserved return for ATAI shareholders, this transaction validates Christian’s heartfelt mission and vision. @C_Angermayer’s work with $ATAI has been one of the biggest catalysts of the psychedelic renaissance. Now clinical trials are validating how important psychedelics will be to TRD (treatment resistant depression) and potentially PTSD and broad-based mental health. Long before psychedelics were accepted, fashionable, or investable, @C_Angermayer’s life’s mission was to reactivate them…

Great first podcast @rhadiARK !

Welcome to @ARKInvest, @AustinKoringARK!

Shipping new models every 3.5 weeks, Elon and the SpaceXAI team would accelerate the pace of this already mind-blowing AI revolution. Thanks for your research and these insights, @aaronburnett !

I agree with Jensen that government regulation is the risk, and wonder why developers say they don’t understand the results of the software they are building. They should explain what they mean.

In @ARKInvest’s view, stablecoins are monetary networks with effects that compound over time, thanks to trust, collateral utility, and integrations. The network effects of USDT and USDC have been powerful. @LorenzoARK explains convincingly why OUSD is unlikely to displace them.

Gratitude 🇺🇸

When we recorded our June webinar, what struck me most was how much the data continue to push back against the inflation narrative. Productivity growth is running around 3%. Unit labor costs are roughly 0.5%. Truflation's core consumer price index (CPI) is near 1.3%. The jobs report came in strong and the market sold off. When I look at the data, I don't see a 1970s-style inflation cycle others do. This is what a productivity boom looks like. This mirrors what we saw in the 1980s and 1990s when investors worried about inflation, interest rates, and geopolitical risks. The market climbed a wall of worry for years as innovation and productivi…

Happy birth day, @mayemusk, and happy birthday, Elon!

We are so happy for you, Chase, and proud of you! The Kauffman Foundation is an incredible organization and a gift to the transformational world of venture capital. @ARKInvest is grateful for the knowledge and wisdom that you will share with us from @KauffmanFellows.

Capital outflows from less stable countries around the world will light another fire under bitcoin and other digital assets. AI has launched a technology revolution, deservedly sucking a lot of oxygen out of the investment world, but it cannot serve as the insurance policy protecting wealth that many people in the world are seeking right now.

According to ARK’s research, multiomics will be the most profound application of #AI: helping to diagnose disease before any physical symptoms, slashing the cost and time to develop and deliver novel drugs, and curing disease…turning “sickcare” into healthcare! @Ovid_ARK View ARKK holdings and information here. https://t.co/2mYbPxOzmX

.@rhadiARK’s thoughtful and nuanced support of Section 604 of the CLARITY Act makes a lot of sense. Section 604 will help digital asset innovation flourish in the US instead of pushing it abroad à la Gensler.

Terrific perspective, @skorusARK !

.@ARKInvest is blessed that one of the most important leaders in the open source AI movement is helping us push the frontiers of knowledge forward in our weekly brainstorm. Thank you, @BrianRoemmele!

To conclude that thought, if the US economy continues to pick up momentum—even booms—while inflation slips to 0-1% or below during the next few years, as we believe is likely, Kevin Warsh’s Fed will not stand in the way. The Fed is shifting from fighting growth to encouraging it.

On a roadshow through Asia and Europe, I am struck by investor fears of inflation. They are surprised when I suggest that inflation could break down in a big way, and not just because of oil prices. As measured by unit labor costs, inflation already is down to 0.5% YoY. As we learned in the 80s and 90s, productivity is a powerful force against inflation. In the US, on a year-over-year basis during the first quarter, productivity was up ~3% while compensation per hour was up 3.5%. Thus, “underlying inflation”was 0.5%. No cost-push inflation there! Truflation, a metric that measures the prices of thousands of consumer goods and services in re…

Hey @elonmusk! I recently experienced @Tesla's @robotaxi fleet in Austin. Smooth ride, no driver. It's remarkable to see 10+ years of real-world AI training manifesting in a fully autonomous service. We did discover a new operating expense line item for our Tesla model: parking tickets. Our Robotaxi got a $75 parking ticket. How does Tesla plan to handle parking and traffic violations in a Robotaxi world?