In the 2025 edition, Wood and her team said AI will significantly reduce the cost of software development because virtual assistants like ChatGPT will eventually write more code than human programmers. Since software often boosts productivity, Ark predicts lower costs will trigger a demand explosion that could translate into a $13 trillion opportunity across the industry by 2030. Cathie Wood is the founder and CEO of Ark Investment Management, which operates a portfolio of exchange- traded funds (ETFs) that ...