{"id":110731,"date":"2024-10-05T16:19:15","date_gmt":"2024-10-05T09:19:15","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=110731"},"modified":"2024-10-05T16:19:15","modified_gmt":"2024-10-05T09:19:15","slug":"cathie-wood-talks-openai-investment-and-teslas-robotaxi","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=110731","title":{"rendered":"Cathie Wood talks OpenAI investment and Tesla&#8217;s robotaxi"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>OpenAI recently raised $6.6 billion in a new funding round, giving it <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/openai.com\/index\/scale-the-benefits-of-ai\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:a valuation;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">a valuation <\/a>of about $157 billion. One firm that has been investing in OpenAI is Ark Invest.<\/p>\n<p>Cathie Wood, ARK Invest&#8217;s CEO and CIO, is betting big on AI. She says OpenAI, along with Anthropic, xAI, Google (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GOOG\" data-ylk=\"slk:GOOG;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOOG<\/a>, <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GOOGL\" data-ylk=\"slk:GOOGL;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOOGL<\/a>), and Meta Platforms (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/META\" data-ylk=\"slk:META;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">META<\/a>) are &#8220;stealing the march&#8221; in the space.<\/p>\n<p>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.<\/p>\n<p>Despite some recent executive departures at OpenAI, Wood is confident in the startup&#8217;s leadership, praising both CEO Sam Altman and CFO Sarah Friar. She notes that &#8220;what we witness in companies that are growing very quickly from startup into scaling is you need a different kind of management team.&#8221;<\/p>\n<p>When it comes to competition between AI firms, Wood likes it. &#8220;Competition is good. It&#8217;s going to make this space more competitive and more effective, I think, longer term,&#8221; she says.<\/p>\n<p>On the possibility of a company like OpenAI going public, Wood argues &#8220;a lot of companies are staying private longer. They just don&#8217;t want to deal with the regulation in the public equity markets. And they also don&#8217;t want to deal with the very short-term oriented or short-term investment time horizon of shareholders in the public equity markets.&#8221; 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.<\/p>\n<p>Watch the video above to hear Wood discuss Tesla (<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/TSLA\" data-ylk=\"slk:TSLA;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">TSLA<\/a>) and its upcoming <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/video\/teslas-upcoming-robotaxi-event-means-211956465.html\" data-ylk=\"slk:robotaxi event;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">robotaxi event<\/a>.<\/p>\n<p>For more expert insight and the latest market action, click <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/video\/stocks-climb-september-jobs-report-175431887.html\" data-ylk=\"slk:here;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">here<\/a> to watch this full episode of Asking for a Trend.<\/p>\n<p><em>This post was written by Stephanie Mikulich.<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/video\/cathie-wood-talks-openai-investment-222429812.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=110731\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-110731","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/110731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110731"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/110731\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}