Cathie Wood talks OpenAI investment and Tesla's robotaxi

OpenAI recently raised $6.6 billion in a new funding round, giving it a valuation of about $157 billion. One firm that has been investing in OpenAI is Ark Invest. Cathie Wood, ARK Invest's CEO and CIO, is betting big on AI. She says OpenAI, along with Anthropic, xAI, Google (GOOG, GOOGL), and Meta Platforms (META) are "stealing the march" in the space. While many investors are concerned about when companies will start seeing returns on their AI investments, Wood is hopeful. When asked about when OpenAI will start to turn a profit, she points to the development of agentic AI, which she thinks will open the door to more profitability, given that companies will be able to charge more for it. Despite some recent executive departures at OpenAI, Wood is confident in the startup's leadership, praising both CEO Sam Altman and CFO Sarah Friar. She notes that "what we witness in companies that are growing very quickly from startup into scaling is you need a different kind of management team." When it comes to competition between AI firms, Wood likes it. "Competition is good. It's going to make this space more competitive and more effective, I think, longer term," she says. On the possibility of a company like OpenAI going public, Wood argues "a lot of companies are staying private longer. They just don't want to deal with the regulation in the public equity markets. And they also don't want to deal with the very short-term oriented or short-term investment time horizon of shareholders in the public equity markets." However, she does think the public market could become more appealing with interest rates coming down and if investors were willing to stomach the longer-term time horizons some of these companies are working with. Watch the video above to hear Wood discuss Tesla (TSLA) and its upcoming robotaxi event.
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[@Vanienel]

Thanks for the update, keep up the good work. Learned a lot from my market journey, especially the importance of living within one's means. With Leila Cato’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind

[@ArapeyKaplan]

I checked the name online and was able to find her, thanks.

[@swiftdude24]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@michaelaj5]

I have worked with her also, reached out after reading more about her on the internet.

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I found her outstanding and excellent resume when I made a research of her full names online. I count it a gift that I went over this remark.

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This information is valuable. I quickly searched her full name and her website appeared instantly, showcasing her impressive qualifications. Thank you for sharing.

[@tvm73827]

Cathie, you have a long term time horizon? When I look at my investment returns in your funds I’m reminded of the saying “in the long run, we are all dead”

[@MrSoloDev]

I only came here to watch The GOAT Wealth Destroyer so I can have a laugh.

[@sashleak]

Epic. What a troll she is. Lost investors more, an average of -17% in 2023 vs SP500 would have generated 14% annual return. Hahaha what a joke

[@marriagepartnersministry5942]

You must be the troll. If you knew the littlest bit about her funds they have a 5 year horizon so you know darn well to judge performance by the last 5 years not the last 1 year.

[@EatCoffee]

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[@bretthagey7916]

Medical technician AI; there's your growth industry. Scan your cancer xrays better then any meatbag in scrubs ever will

[@Danny-ps9fd]

Loading up on Tesla puts; thank you GOAT

[@dattajack]

We're going to be rich Friday

[@AJ-py2kt]

Robotaxi using Google map 😇😇

[@YaoAnne-j7g]

!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

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I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

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I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

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nice!! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?

[@uvwxyzero]

The greatest investor of our time.

[@EatCoffee]

Morning star ranked her as the worst investor of all time...

[@Cool-gk8mc]

Ark is very bad and never returns. Look at their track record.

[@joesmith-th3jq]

How can you invest in openAI pre-IPO

[@jeremyhoskin7746]

Speculator and the worlds best destroyer of wealth

[@superblondeDotOrg]

Dont give racist Elon Musk any money, in fact, he should be boycotted,

[@Kenelm-q1e]

What four companies are they talking about?

[@luxurypalm]

Oh good, the female version of Cramer is here

[@nickchkheidze9189]

Cathie's Nickname is wealth destroyer lol why would u ask her opinion?

[@HRaychin]

I wouln't dare to give people advice if my ETF have been outperformed by S&P 500 very hard.Mean everyone has the right to speak bullshits but cmon....Cathie

[@sociolocomtsac]

Greatest wealth destroyer 😂😂

[@JojoLannister]

She’s the biggest looser of all fund managers. How can people still listen and give her platform.

[@otherZinc]

@Yahoo Finance, How is it, that you guys do not understand Research & Development.

[@danmilligan5132]

What a lecture on how to underperform every index by double digits? Cult of personality.

[@TC.C]

The yahoo presenters just weren’t buying it ..clearly not Tesla fans 😂

[@Marques127]

The face of evil

[@minionmememindset7889]

One of the best to ever do it. Nothing but respect for the GOAT.

[@densalim5710]

Cathie is here to deliver! Go ARKK, GO J.P.!!!

[@sssandhu78]

She’s been delivering pain for your portfolios while making a nice sum of money herself.

[@Alperic27]

🤦‍♂️🤦‍♂️