ARK Invest Founder Cathie Wood joins Yahoo Finance Live to discuss the impact of AI amid the ongoing ChatGPT hype, themes and trends driving new investments, innovation, Sam Bankman-Fried’s FTX chaos, and the outlook for Tesla and Elon Musk.
ARK Invest Founder and CEO, Cathie Wood, discussed various financial topics including the impact of AI, FTX chaos, and Tesla’s outlook during an appearance on Yahoo Finance Live.
She expressed her thoughts on the recent Federal Reserve rate hike and agreed with the assessment that there was not currently a 70s-style inflation happening.
Wood also mentioned that she felt the bond market was leading the Fed and that there had been a significant rally in bonds, indicating that the bond market believed there was no current inflation problem.
She also discussed her thoughts on AI and mentioned that companies who are effectively harnessing AI and utilizing proprietary data sets are the types of companies ARK Invest is looking for.
This segment originally aired on February 2, 2023. Yahoo Finance LiveCathie Wood on investing, inflation, Fed rate hikes, FTX, bitcoin, Tesla and more
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