TECH - Cathie Wood's Ark Invest Sees $28 Trillion Opportunity In AI: Tesla Drones And More | Benzinga
The future of artificial intelligence (AI) is set to bring about a significant financial impact, with Cathie Wood’s Ark Invest analyst Tasha Keeney estimating a $28 trillion opportunity. Keeney has identified key sectors that stand to benefit, including Tesla Inc (NASDAQ:TSLA) and drone technology.
What Happened: Keeney, the director of investment analysis and institutional strategies at Ark Invest, has projected that the equity market capitalization linked to innovation will soar to $220 trillion by the end of the decade, largely driven by AI, reported CNBC on Sunday.
Ark Invest, known for its focus on innovation, has investments in various sectors, including autonomous vehicles, drones, robotics, energy storage, 3D printing, and space exploration through its Ark Autonomous Tech & Robotics ETF (ARKQ).
"Autonomous cars are already driving in major cities today across the globe. We think that in the next 10 years, that will scale up. I think that opportunity alone could be worth $28 trillion in enterprise value because this will be very disruptive," she told CNBC's "Street Signs Asia."
She pointed to Tesla as a standout company in this ...