Apr 26, 2024
ARK Invest Big Ideas 2024 Report -
AI, Robotics, Sequencing, Energy & Blockchain
AZ TRT S05 EP16 (231) 4-21-2024
What We Learned This Week:
- ARK Invest Big Ideas Report 2024 by Cathie Wood & Team
- Topics: AI, Robotics, Sequencing, Energy, & Blockchain
- Impact on technology, economy, & people’s lives
- Disruptive Innovation will be the driving force in society
Topics: AI, Robotics, Sequencing, Energy, & Blockchain
From ARK Invest Website:
The Big Ideas report is a comprehensive study of disruptive technologies, with more than 160 pages of analysis. To learn more about the research, you can visit here.
https://ark-invest.com/big-ideas-2024
BIG IDEAS 2024
Technological Convergence:
Catalyzed by breakthroughs in artificial intelligence, the global equity market value associated with disruptive innovation could increase from 16% of the total[1] to more than 60% by 2030. As a result, the annualized equity return associated with disruptive innovation could exceed 40% during the next seven years, increasing its market capitalization from ~$19 trillion today to roughly $220 trillion by 2030.
60% The Global Equity Market Value Associated With Disruptive Innovation Could Increase To 60% By 2030
Artificial Intelligence: Scaling Global Intelligence And Redefining Work
The convergence of hardware and software could drive AI training costs down by 75% at an annual rate through 2030.
75% AI Training Costs Should Continue To Fall 75% Per Year
Bitcoin Allocation: Growing The Role Of Bitcoin In Investment Portfolios
During the last seven years, bitcoin’s annualized return has averaged ~44%, while that of other major assets has averaged 5.7%.
44% During The Last Seven Years, Bitcoin’s Annualized Return Has Averaged ~44%.
Bitcoin In 2023: Demonstrating Resilience And Recovery After Challenges In 2022
In 2023, bitcoin’s price surged 155%, reaching $827 billion in market cap.
$827B Bitcoin Reached $827 Billion In Market Cap In 2023
Smart Contracts: Powering The Internet-Native Financial System
If financial assets were to migrate to blockchain infrastructure at a rate similar to the adoption of the internet, and the take rates associated with decentralized financial services were a third those of traditional financial services, smart contracts could generate annual fees of more than $450 billion.
$450B Smart Contract Networks Could Generate Fees Of $450 Billion In 2030
Digital Consumers: Transitioning Toward Digital Leisure
According to ARK’s research, spending on digital leisure should take share from physical options and grow 19% at an annual rate during the next seven years, from $7 trillion in 2023 to $23 trillion in 2030.
$23T Spending On Digital Leisure Could Reach $23 Trillion In 2030
Digital Wallets: Closing The Loop With Two-Sided Networks
According to ARK’s research, closed loop consumer payments, merchant banking, and employee payroll/payments will increase select vertical software platforms' revenues by 22-33% at an annual rate during the next seven years, from $7 billion in 2023 to $27-$50 billion in 2030.[2]
$27B+ Digital Wallets Could Grow Select Vertical Software Platforms' Revenues to $27-$50 Billion In 2030
Precision Therapies: Curing Disease More Efficiently And Less Expensively
Based on ARK's research, the enterprise value of companies focused on precision therapies could appreciate 28% at an annual rate during the next seven years, from ~$820 billion in 2023 to ~$4.5 trillion by 2030.
$4.5T The Enterprise Value Of Companies Focused On Precision Therapies Could Reach $4.5 Trillion By 2030
Multiomic Tools & Technology: Translating Biological Insights Into Economic Value
According to ARK’s research, multiomic tools and technology could reduce research and development (R&D) spending per drug by more than 25%.
25% R&D Spending Could Decline By More Than 25% Thanks To Multiomic Tools And Technology
Electric Vehicles: Lower Battery Costs Powering EV Adoption
ARK forecasts that electric vehicle sales will scale 33% at an annual rate during the next seven years, from roughly 10 million in 2023 to 74 million in 2030.
74M EV Sales Could Reach 74 Million In 2030
Robotics: Generalizing Automation Thanks To The Convergence Of AI Software And Hardware
As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds $24 trillion in revenue annually.
$24T Generalizable Robotics Represent A $24+ Trillion Global Revenue Opportunity
Robotaxis: Transforming Urban Transit Safely And Affordably
According to ARK’s research, robotaxi platforms could redefine personal mobility and generate $28 trillion in enterprise value during the next five to ten years.
$28T Robotaxi Platforms Could Create $28 Trillion In Enterprise Value In 2030
Autonomous Logistics: Reducing Costs And Reshaping Supply Chains
According to ARK’s research, autonomous delivery revenues could scale from essentially nil today to $900 billion in 2030.
$900B Global Autonomous Delivery Revenue Could Reach $900 Billion by 2030
Reusable Rockets: Opening Outer Space For Business
According to ARK’s research, satellite connectivity revenues could reach $130 billion in 2030, still just a fraction of the roughly $2 trillion in telecommunications revenue.
$130B Satellite Connectivity Revenues Could Exceed $130 Billion Per Year In 2030
3D Printing: Reshaping Manufacturing
According to ARK’s research, 3D printing revenues could scale ~40% at an annual rate during the next seven years, from ~$18 billion today to ~$180 billion in 2030.
$180B 3D Printing Revenues Could Grow ~40% At An Annual Rate To $180 Billion By 2030
Article - Report Summary:
ARK Invest 2024 Big Ideas
The ARK Big Ideas 2024 report is titled 'Disrupting the Norm, Defining the Future' and it highlights 15 big ideas, which are:
- Technological Convergence - The global equity market value associated with disruptive innovation could increase to 60% by 2030.
- Artificial Intelligence - Scaling global intelligence and redefining work: AI training costs should continue to fall 75% per year.
- Smart Contracts - Powering the internet-native financial system, smart contract networks could generate fees of $450bn in 2030.
- Digital Wallets - Digital wallets could grow select vertical software platforms' revenues to $27-$50bn in 2030.
- Robotics - Generalizing automation, thanks to the convergence of AI software and hardware. Generalizable robotics represent a $24 trillion-plus global revenue opportunity.
- Digital Consumers - Transitioning toward digital leisure, where spending could teach $23 trillion in 2030.
- Electric Vehicles - Lower battery costs powering adoption mean EV sales could reach 74 million in 2030.
- Robotaxis - Robotaxi platforms could create $28 trillion in enterprise value in 2030.
- Multiomic Tools & Technology - Translating biological insights into economic value: R&D spending could decline by more than 25%, thanks to multiomic tools and technology.
- Reusable Rockets - Satellite connectivity revenues could exceed $130bn per year in 2030.
- Autonomous Logistics - Global autonomous delivery revenue could reach $900bn by 2030.
- Bitcoin Allocation - Growing the role of bitcoin in investment portfolios. During the last seven years, bitcoin's annualized return has averaged around 44%.
- Bitcoin in 2023 - After challenges in 2022, bitcoin's price surged 155% last year, reaching $827 billion in market cap.
- Precision Therapies - Curing disease more efficiently and less expensively. The enterprise value of companies focused on precision therapies could reach $4.5 trillion by 2030.
- 3D Printing - Revenues could grow 40% at an annual rate to $180bn by 2030.
Summary Source:
15 big ideas that will revolutionize industries and economies, led by AI
These innovations will change business during the next decade and beyond, according to ARK Invest, and AI will play a significant role.
Written by Vala Afshar, Contributing Writer 2/2024
Alternate Summary Article:
https://www.cmcmarkets.com/en/opto/ark-invests-big-ideas-for-2024-key-takeaways
Digest:
ARK Invest’s Big Ideas for 2024 - Key Takeaways
By OPTO 23 Feb 2024
ARK Invest Performance – past ARK v NASDAQ
https://finance.yahoo.com/quote/ARKK/performance/
2023 67.64% 21.37%
2022 -66.97% -27.79%
2021 -23.38% 13.05%
2020 152.82% 39.26%
2019 35.58% 32.52%
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