U.Today – Cathie Wood, renowned investor and CEO of Ark Invest, took to her account on the social media platform X (formerly popular as Twitter) to praise artificial intelligence and also shared the latest white paper.
This document was written by Ark’s Chief Futurist Brett Winton and discusses the current development of artificial intelligence, its rather rapid expansion and the potential of this technology, as well as what it could achieve in the future.
Cathie Wood described artificial intelligence as “the most transformative technology in history and the greatest catalyst for other innovation platforms.” In the future, she said, these platforms will likely work in areas such as “autonomous mobility and multi-omics sequencing in the search for disease treatments.”
AI bots have been developing rapidly lately with numerous updates. The most famed so far are ChatGPT, created by OpenAI; Midjourney and Grok – ChatGPT rivals – developed by Elon Musk’s xAI startup. Microsoft (NASDAQ:) has also launched an AI called Copilot, and Apple (NASDAQ:) is also working on AI products.
Cathie Wood: Up to $1.5 million
In addition to her interest in artificial intelligence, Cathie Wood is a prominent Bitcoin supporter who has provided extremely sanguine BTC price predictions for slow 2023 and January this year. In November, Wood said she expected the moderate price of Bitcoin to reach $600,000 by 2030. However, if the bullish scenario comes true by then, the world’s largest cryptocurrency will reach $1.5 million per coin by then.
This price outlook coincides with the forecast of investor and author of the popular financial management book “Rich Dad Poor Dad”, Robert Kiyosaki. In a recent tweet, talking about the soon-to-be-published book “GPT Money” by Jim Richard, Kiyosaki said that artificial intelligence will significantly disrupt the financial industry.
As he has repeatedly stated in his tweets, Kiyosaki expects a major financial crisis when AI-based bots enter the financial sphere. In lithe of these expected changes, Kiyosaki cited the said book, stating that Bitcoin will likely reach $500,000 by 2025 and could even go as high as $1 million by 2030.
At the time of writing, Bitcoin is changing hands at $61,360.
