ARK Weekly Summary - 32 (AI & Robotics)

Welcome to the latest edition of our weekly newsletter, where we bring you fresh insights and news from the world of thematic, innovation and sustainable investing.

This week, we explore the seismic shifts in the search industry as Large Language Models (LLMs) like ChatGPT challenge Google’s long-standing dominance.

Dive into the strategic responses Google must consider in this AI-driven era and discover how innovations like OpenAI’s SearchGPT are reshaping how we access information online.

We also address the current market situation in our episode of 'In The Know', where Cathie Wood weighs in on the recent corrections in the stock market, treasury yield, metals/gold ratio, Japanese Yen value and more.

• Article: Google and the Innovator's dilemma: Will LLMs reshape search? - In this article, Rahul Bhushan explores the potential of LLMs to reshape search and the critical decisions Google must navigate to maintain its competitive edge in an AI-driven future.
• Post: OpenAI enters Google-dominated search market with SearchGPT - Last week, OpenAI ventured into a territory long dominated by Google with the selective launch of SearchGPT, an AI-powered search engine with real-time access to information from the internet.
• Poll: Have you started using AI tools for your daily information needs? - Google has long dominated online search, but the rise of Large Language Models (LLMs) like ChatGPT presents a new paradigm in information retrieval, challenging traditional models with instant, comprehensive answers.
• #FactFriday: ChatGPT as search engine - By April 2024, ChatGPT surpassed Bing, reaching over 1.5 billion monthly web visits, becoming a major competitor in the global search market, signalling its function as a search engine. (Digital Information World 2024)
• In the Know with Cathie Wood: Market turbulence creates opportunities - In this episode, Cathie weighs in on the recent corrections in the stock market, treasury yield, metals/gold ratio, Japanese Yen value and more.

• Cathie Wood: Forget inflation, deflation is the real risk. Read more
• Rahul Bhushan: Will Trump halt energy transition progress? Read more
• James Thomas: Electric power supply shouldn’t slow the development of AI data centres. Read more
• Florian Berberich: Summary of our Zurich trip. Read more

• The Telegrah: Superstar tech investor warns over AI boom. Read more
• City A.M. : Cathie Wood warns AI frenzy risks investor losses. Read more

Webinar Recordings:

• Capture the “AI and Robotics” Opportunity: Our Artificial Intelligence & Robotics Strategy. Watch now (Professional investors only)
• Access the ARK “Best Ideas” Portfolio: Our Innovation Strategy. Watch now (Professional investors only)
• Invest in Genomics – Introduction to our Genomic Revolution Strategy. Watch now (Professional investors only)

• Our ARK UCITS ETFs are now registered in Switzerland.
• We are looking to hire an Associate Director for the German speaking regions. Apply here
• Learn more about this week's strategy via our website.

For any further questions, we'd like to invite you to visit our website.

We wish you a great start of the week.

The #ARKInvest Europe team