In this episode of The Brainstorm, Sam Korus, Brett Winton, Nick Grous, and Frank Downing dive into the competitive landscape of AI, exploring why Google is outpacing its rivals with the release of Gemini 3. They discuss the implications of this technological leap, the transformative potential of Nano Banana Pro, and what it means for the future of AI. If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we a ...

We think there's going to be value created up and down the AI stack. If it shakes out like the cloud market, you're likely to see a few big players dominate the lower levels of the stack like chips, infrastructure, and cloud computing like you have Amazon, Microsoft, and Google today. And then you have much more varied winners at kind of the top of stack applications.So companies like Tesla on the physical AI side, companies like Opening Eye and Google on the consumer AI side, and then a company like Palunt ...

Hi everyone, my name is Chase Prather. I'm a venture research associate here at ARC. I've been at ARC coming up on two years now and uh I work on the venture capital team here.So focus focused on the private funds. Most of my background is primarily in venture capital. So I've been in venture a little over five years at this point.Uh prior to working at ARC, I worked at Sweater Ventures. What really brought me to ARC was the focus on the democratization of not only um venture capital and access to high qual ...

Part of our analysis uh for the potential for Bitcoin was that it would take it would become half the market cap of gold. It would take some share from gold or maybe expand the market. Uh well, that market has doubled.Uh so I don't think our bull price should change all that much. We are very bullish on crypto assets but we know that they are they are the most susceptible to liquidity drawdowns and I described earlier we have a number of reasons for liquidity drawdowns now but we think that they will be cle ...

Industry Overview - The reusable rocket industry is characterized by a dramatic cost decline, leading to business model changes and significant opportunities [1] - SpaceX has a 10-year lead in reusable rocket technology, consistently reducing launch costs through improved refurbishment and reuse [3][4] - Lower launch costs are enabling new opportunities in low Earth orbit (LEO) [9] Market Trends & Opportunities - The industry identifies a $130 billion annual revenue opportunity in space, primarily driven by global broadband and direct-to-device capabilities [13] - Direct-to-device (smartphone to satellite connectivity) is estimated to be a $48 billion opportunity, assuming $0.50 per month from 8 billion cell phone subscribers [15] - Broadband access for households, RVs, boats, aircraft, and ships represents a $40 billion opportunity [16] Company Updates & Competitive Landscape - Blue Origin and Rocket Lab are developing reusable rockets, aiming to launch and reuse them [6][7] - Starlink and T-Mobile launched direct-to-device service in July [18] - Firefly went public, increasing the number of space companies available for public investment [20] Technological Advancements - Low Earth Orbit (LEO) has opened up due to declining launch costs, enabling applications like high-speed internet via satellites [9][11] - Starlink Mini offers easy setup and reliable high-speed internet [12]

Autonomous Driving Development - Tesla anticipates enabling texting while driving in the next one to two months, viewing it as a catalyst for robo-taxi demand due to the convenience it offers [1][2] - The move towards allowing texting while driving signals progress towards unsupervised full self-driving software [2] - Tesla is aiming to remove the operator from the vehicle in select areas of Austin within the coming months, further indicating a push towards full autonomy [3] Safety Concerns - Industry acknowledges the inherent dangers of texting while driving [2]

A breakthrough in both biology and efficiency, Absci’s hair regrowth treatment is on track to reach Phase 2 proof of concept next year—just 3½ years from launch and at a fraction of the typical cost. Hear more from Founder and CEO Sean McClain on FYI. ...

Liquidity & Market Performance - Tightening liquidity is observed, drawing parallels to pre-COVID levels and the Trump years (2017-2019) when liquidity was being lowered [1] - Periods of increasing liquidity correlate with struggling financial markets, potentially contributing to current market conditions [2] Monetary Policy Outlook - The expectation is that the Federal Reserve (Fed) will continue to ease monetary policy [2] - Treasury general account will funds as well [2]

AI Adoption & Market Dynamics - The industry anticipates approximately 5 billion individuals will utilize AI chatbots before 2030 [1] - The AI market currently sees OpenAI holding a significant share, estimated at 90% on a time basis, but faces competition from alternatives like Gemini [1] AI Productivity & Future Projections - Current AI models, such as ChatGPT5, offer limited productivity gains, around 20%, due to the need for error correction [1] - The industry projects a substantial increase in AI productivity uplift, from 20% this year to 60-70% next year, and potentially 150-200% in the following year [1]

[Music] Welcome to FYI, the 4-year innovation podcast. This show offers an intellectual discussion on technologically enabled disruption because investing in innovation starts with understanding it. To learn more, visit ark-invest.com. [Music] Ark Invest is a registered investment adviser focused on investing in disruptive innovation. This podcast is forformational purposes only and should not be relied upon as a basis for investment decisions. It does not constitute either explicitly or implicitly any prov ...