Powering Online Education with Chip Paucek

Powering Online Education with Chip Paucek

 
 
00:00 / 00:38:53
 
1X
 

This week we are joined by Chip Paucek, 2U’s Co-Founder and CEO. 2U is one of the leading online education software platforms. At ARK we often say disruptive innovation gains traction in tumultuous times. There’s perhaps no better example than in the education space. For six years 2U noted that one of the biggest challenges was fighting the stigma of online education, and then in the midst of COVID-19 nearly every school has been forced into an online only setting. Tune in to hear Chip walk us through 2U’s critical role in helping schools’ transition from the classrooms to online. We talk about the challenges of 2U, how online learning can create more engaging classes, and how 2U’s scale can help lower the cost of higher education.

 

Key Points From This Episode:

  • 2U’s role in transitioning both itself and its partner schools online during the COVID-19.
  • 2U’s founding principles and what makes it unique.
  • The difference between a lecture on Zoom and a program specifically designed to be online.
  • Professors’ reactions to teaching online for the first time.
  • The history and potential future of online education.
  • Looking at education as an elastic good and creating a sustainable business model.
  • Comparing online education outcomes through 2U and Gallup’s first survey.
  • Reasons enterprises are turning to short courses and bootcamps.
  • The lasting power of university brands.
  • 2U’s global expansion.
  • Chip’s favorite brand, book, and the next short course he plans to take.

 

Tweetables:

“High quality education online isn’t just about being in a live classroom via Zoom or Google Hangout.” @Chip Paucek

“At one point we won’t call it online education anymore, we will just call it higher education.” @Chip Paucek


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

How Innovations in Genomics and Biotech Can Help Us With The COVID-19 Crisis

How Innovations in Genomics and Biotech Can Help Us With The COVID-19 Crisis

 
 
00:00 / 00:28:43
 
1X
 

As the coronavirus (COVID-19) continues to strengthen its grip across the globe, it’s natural to feel a sense of dread and despair. However, we believe that tumultuous times can be the best catalysts for innovation, and this pandemic is no exception. In this episode, Simon Barnett and Ali Urman, ARK’s genomics analysts, are here to discuss developments in genomics and biotech, underway in response to the COVID-19 crisis. Simon sheds light on the declining cost curve of DNA sequencing, which allowed scientists to sequence the virus in a handful of days—a stark contrast to the six months it took to sequence the SARS virus. We also discuss improvements in diagnostic tools like synthetic biology in the context of this pandemic. Ali zooms further in on some preventative medicine and vaccine developments. While traditional vaccines use the virus itself, companies like Moderna, Inovio, and Arcturus Therapeutics, among others, are working on a range of unconventional and potentially groundbreaking preventative measures. We also look at how existing anti-viral drugs are being repurposed for the treatment of COVID-19.

Lastly, we take a look at auxiliary areas where we have seen an increase of innovations. Simon highlights how telemedicine, organ transplant, and blood safety measures have seen growth during the crisis. Many of the developments are breaking down FDA barriers. We hope that these developments galvanize innovative approaches to prevention, diagnoses, and treatments not only for COVD-19 but for other diseases as well. Be sure to tune in today!

 

Key Points From This Episode:

  • The genomic and biotech companies who are doing innovative work.
  • How the DNA sequencing timeframe for SARS and MERS compares with COVID-19.
  • A look at other developments in DNA sequencing in light of the COVID-19 outbreak.
  • Insights into some of the diagnostic tool developments such as synthetic biology.
  • Find out about Moderna’s alternative development to the viral vaccine for COVID-19.
  • Self-replicating RNA vaccine: How it works and who’s leading the development charge.
  • Inovio’s DNA vaccine, how it works, and some the of benefits.
  • How existing anti-viral therapies are being repurposed for the COVID-19 vaccine.
  • Innovation is helping break down FDA barriers.
  • The take-off of telemedicine.
  • How the face of transplant care is changing in light of COVID-19.
  • What usually happens with blood supply during an outbreak and the current innovations.

 

Tweetables:

“This type of turmoil, we think, forces people to think differently, maybe take new strategies or new approaches to dealing with issues.” — @sbarnettARK 

“Everyone is just trying to innovate and continue to accelerate what we can do to help as a society.” — @aurmanARK

“We think that instances like this, these compressed, tumultuous time periods, where people are having to throw out how they’ve always done things and think about things in a new and different light, this is actually one of the best times for new and innovative technologies to make themselves known and capture a certain level of market share.” — @sbarnettARK


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Business As Usual During Coronavirus – How Innovation Enables Work Remote

Business As Usual During Coronavirus – How Innovation Enables Work Remote

 
 
00:00 / 00:31:28
 
1X
 

Here at ARK we are always talking about disruption and now we are faced with huge disruption. The coronavirus outbreak has massive implications on many levels for the whole world, not least of which is the need for many people to work remote where possible. This episode is a discussion about what that looks like during a time of mass quarantine. We are focusing our discussion on the realms of communication and entertainment. First of all, we discuss video conferencing and naturally, our eyes are on Zoom. Having grown rapidly in the last few years, Zoom will probably prove to be even more important as social distancing is enforced. From there we turn to messaging and texting in a professional context, looking at Slack in particular. We consider some of the other concerns in this period of remote work, particularly security and how the cloud has helped businesses alleviate security concerns. The conversation then turns to entertainment, as we first look at professional sports events, almost all of which have been postponed or canceled, and what might take their place in people’s lives. We can already see E-sports growing, even before the outbreak. We finish off talking about television and movies, arguing that on-demand services will probably strengthen under current conditions with traditional cable suffering due to the absence of sports. Listen in to get it all!

 

Key Points From This Episode:

  • The new outlook on working from home in a time of crisis
  • Eric Yuan, the beginnings of Zoom and the rise of video conferencing software.
  • How Zoom has managed to gain market share.
  • Possible problems and roadblocks for Zoom as more people need more time on video.
  • Zoom’s hardware, in-house data centers and excess capacity for scaling.
  • Reasons for Zoom’s hyper-competitiveness in today’s market.
  • Real-time, quick communication through text messaging; Teams versus Slack.
  • Security concerns in the remote work realm and the benefits of cloud applications.
  • The outlook for these high-value companies in the context of coronavirus.
  • Looking at entertainment right now and the rise of gaming in lieu of live sports.
  • Twitch-streamed virtual sports events and the possibility of celebrity partnerships.
  • Regular, amateur gaming numbers in the US with new big event games.
  • On-demand television and movie entertainment.

 

Tweetables:

“I think with the absence of live sports what we are really starting to see is online gaming taking off.” — @GrousARK

“There will obviously be a fall off when we do resume normal life but I think it is demonstrating this idea that watching virtual sporting events and virtual games is actually very entertaining.” — @GrousARK


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

A History of Bitcoin’s Predecessors, Dollarization, and Stablecoins with Nic Carter

A History of Bitcoin’s Predecessors, Dollarization, and Stablecoins with Nic Carter

 
 
00:00 / 01:10:55
 
1X
 

Our guest for this week’s episode is Nic Carter, Partner at Castle Island Ventures and Cofounder of Coinmetrics.io. In this episode, we dive deep into some of Nic’s current cryptocurrency obsessions. We start off covering the history of Bitcoin’s predecessors, leading to an interesting realization that the crypto industry today may be forgetting the lessons drawn from previous attempts to create a private money. We then shift the conversation to stablecoins and the implications of their continued growth. In doing so, we highlight that stablecoins today are virtually no different than reserve-backed currencies of the past. We end the conversation on an interesting theory that, contrary to popular belief, crypto may actually be good for the dollar. We explore different cases of dollarization and the heterogenous mechanisms by which they’ve emerged. Tune in for all of that and more!

 

Key Points From This Episode:

  • How Nic became Fidelity’s crypto analyst after a brainstorm with former ARK analyst Chris Burniske.
  • Bitcoin’s most underappreciated property: ‘auditability’
  • The birth of Coinmetrics
  • Anonymity, reliability, and the distinction between digital cash and electronic money.
  • Bitcoin is the culmination of disparate prior technologies.
  • A history of Bitcoin’s ideological predecessors: E-Gold and Liberty Reserve.
  • The fundamental role centralization played in Bitcoins predecessors’ downfalls.
  • The appeal of fiat-backed stablecoins.
  • Why it is unlikely that Ethereum will unseat Bitcoin, and Libra’s loud ploy to overthrow centralized currency.
  • Dollarization: benefits, adoption patterns, and how successful iterations are bottom up.
  • Why crypto is potentially good for the dollar due to the dollar’s desirability.
  • How credibility, not just technology, affects the adoption of new payment systems.
  • The benefits of seedless mobile wallet setups.

 

Tweetables:

“Bitcoin is sufficiently decentralized so far that it’s avoided this kind of key man risk – the ability for the government to raid the offices of someone somewhere and shut the system down.” — @nic__carter 

“You could store a billion dollars’ worth of Bitcoin in a single unit public-private key pair. This allows for extremely strong ownership, especially in countries where the banking system doesn’t work very well.” — @nic__carter


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Exploring the Infinite Prospects of Computer Vision AI with Matt Zeiler

Exploring the Infinite Prospects of Computer Vision AI with Matt Zeiler

 
 
00:00 / 00:43:13
 
1X
 

Today’s guest is Matt Zeiler, Founder, and CEO of Clarifai. Clarifai is one of the first startups to apply modern deep learning for image recognition. Their tools are currently used by clients like Staples, OpenTable, and the US Department of Defense (DoD). In this episode, Matt sheds light on the company’s founding story and how an internship at Google was the catalyst for the creation of Clarifai. He also talks about what it’s like competing against industry giants like Facebook and Google. Clarifai’s algorithm and their ability to collaborate rather than compete with their clients truly sets them apart. Matt also sheds light on the benefits of the network effect for both the customers and the company. Matt talks about some of the interesting use cases of their technology, like Trivago, which uses image recognition to organize hotel photos or how the DoD uses it in natural disaster recovery. Matt believes that AI is a great service to the government in helping citizens in many ways, and Clarifai is incredibly proud to be a partner. Tune in to learn more about AI image recognition and be inspired by Matt.

 

Key Points From This Episode:

  • Learn more about Matt’s background, his Ph.D., and what ultimately led him to start Clarifai.
  • Seven years on: Clarifai’s products, their customers and how they use the products.
  • Some of the other applications of AI that Clarifai is potentially interested in getting into.
  • How Clarifai aims to gain a competitive advantage.
  • Why the API model works so well in the AI image recognition space.
  • The different mix of products Clarifai customers use and why they choose them.
  • Learn about the benefits that customers get from sharing their information on Clarifai.
  • Why there is not really a limit to how large Clarifai’s model can grow.
  • Where Matt sees Clarifai’s potential labeling feature taking the company in the future.
  • Matt’s experience of working with the government and why he is proud to work with them.
  • How AI could be used in natural disaster recovery efforts.
  • The potential of video in the space, the neural network structures, and various use cases.
  • Matt’s insights into the AI competition between the US and China.

 

Tweetables:

“At Clarifai, we don’t compete with our customers. We want to be seen as that partner that is going to take your data, learn from it to solve your business problems together.” — @mattzeiler

“Trust your gut. There’s a lot of decisions you have to make as CEO, and you have to realize that most other people in the organization or people you’re asking for advice just don’t have the context that you have.” — @mattzeiler

“I really think that AI is going to be better than humans in so many different ways, and it’s already better than humans in a lot of ways for very specific use cases.” — @mattzeiler


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Coronavirus and the Future of Immunotherapy with Prof. Isaiah Arkin

Coronavirus and the Future of Immunotherapy with Prof. Isaiah Arkin

 
 
00:00 / 00:37:22
 
1X
 

The Coronavirus (COVID-19) is dominating most headlines of every news channel in the world. To learn more about this virus and its implications we talked to Professor Isaiah Arkin. He is the Arthur Lejwa Prof. of Structural Biochemistry at Hebrew University of Jerusalem and the former Vice-President for Research and Development at the University. He holds a Ph.D. from the Yale School of Medicine in Cell Biology. Professor Arkin’s research has succeeded in shedding new light on the inner workings of flu viruses and in particular how a virus avoids anti-viral therapy.

In this episode, Prof. Arkin clarifies some of the misconceptions around the coronavirus and draws parallels between the common flu and SARS. We discuss the threat level of the coronavirus, what we can expect from the disease, how we can control it, and whether the global fear is justified. In the second part of the show, we discuss immunotherapy, which he believes is ‘the next big thing’ in healthcare. He walks us through what the future of cancer research holds, why we should look to the natural world for answers and highlights some interesting research that is currently happening. As usual, our interaction with the Hebrew University was a fruitful one and we look forward to engaging more at NEXUS: Israel 2020 in New York.

 

Key Points From This Episode:

  • Coronavirus: Best-case, worst-case, and most likely outcomes.
  • Why the biggest problem with the coronavirus is the fear of the unknown.
  • Arkin’s take on containment the spread outside of China.
  • Why Prof Arkin believes that the fear of the disease is largely unfounded.
  • Find out what it would take for a successful vaccine for the coronavirus to be invented.
  • How poor mutation is a positive aspect of the coronavirus.
  • What the future of immunotherapy has in store in the next five to ten years.
  • Lessons from nature: Takeaways from why elephants and whales don’t get cancer.
  • Insights into Compugen’s checkpoint inhibiting research and what it’s getting right.
  • Learn about the challenges and trajectory of immunotherapy treatment for solid tumors.
  • Arkin’s views on CRISPR gene-editing advancements.
  • Find out which Hebrew University research is currently most exciting for Prof. Arkin.

 

Tweetables:

“Sequencing has outpaced CPUs and their performance. Unbelievable!” — Prof. Isaiah Arkin


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

How Lululemon Broke the Mold, with Chip Wilson

How Lululemon Broke the Mold, with Chip Wilson

 
 
00:00 / 00:41:51
 
1X
 

This week’s guest is Chip Wilson, entrepreneur, philanthropist and most notably, the founder of apparel company Lululemon. Long before Apple and Tesla opened their owned stores, Lululemon pioneered the concept of vertical retail in North America. Unlike other sports apparel companies that sold to retailers, Lululemon designed products were sold exclusively in its own stores. By owning all aspects of design, marketing, and retail, it commanded software like gross margins.

In this episode, Chip gives his insights on Lululemon’s business model, why Kit and Ace didn’t take off and his latest involvements in Amer and Anta, which some are calling the Nike of China. We are excited to discuss with Chip his innovative business model approach and how Lululemon was able to become brand pioneers, carving out a corner of apparel and creating the athleisure market.

 

Key Points From This Episode:

  • How Chip characterizes the apparel space and what set Lululemon apart.
  • How Lululemon maintains its gross margins.
  • The difference between wholesale retail apparel and vertical retail.
  • Why the vertical store model was so effective for Lululemon.
  • Why, despite the rising dominance of Internet shopping, pure ecommerce does not work.
  • Learn how Chip staffed his initial stores and the approach he took to personnel.
  • Discover why Chip didn’t get too involved in ecommerce initially, and his take on it right now.
  • Insights into Chip’s current ventures with Amer and Anta in China.
  • Valuable lessons that Chip has learned from working in China.
  • Chip’s take on the way Chinese companies are run and whether it’s a balanced approach.
  • The role that Chip believes technology will play in apparel as the industry grows.
  • Chip’s relations with Lulu now, and why he advises against hiring an operational CEO.

 

Tweetables:

“Either you’ve got a new business model or you don’t.”@ChipYVR

“A brand culture person will always be working for the long run because you can’t be a brand culture person without making every decision that is for the long run.”@ChipYVR


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Bitcoin’s Security Model with Hasu

Bitcoin’s Security Model with Hasu

 
 
00:00 / 01:09:11
 
1X
 

Eleven years since the creation of Bitcoin, its security model is still not agreed upon. Our guest today goes by the Twitter pseudonym Hasu (@hasufl), an independent cryptocurrency researcher who publishes work on the subject of non-sovereign money and has taken a recent interest in Bitcoin’s security model. We kick off our conversation with a recognition of the power of pseudonymity in the digital realm and the implications of our ability to access an abundance of information in a post-internet world. We then take a deep dive into the world of Bitcoin, unpacking its security model. We begin with an explanation of Satoshi Nakamato’s explicit design goals to achieve the properties of an apolitical monetary system. We introduce an intuitive way of thinking about proof of work, highlighting Bitcoin’s innovative ability to coordinate trust, and facilitate the transfer of value without relying on a centralized authority. We explain why Bitcoin needs mining and how the network incentivizes miners. We place particular emphasis on the economic incentives required to secure Bitcoin and a potential shift in these incentives over time. We finish with an outline of countermeasures against a potentially weakening security model, in hopes to further encourage conversation.

Key Points From This Episode:

  • The transition from information scarcity to information abundance since the internet.
  • Democratic values provided by the internet and its culture of pseudonyms.
  • Satoshi’s design goals and Bitcoin’s security principles
  • Why Bitcoin needs mining
  • Timestamping with Nakamoto consensus
  • Miners’ influence on the network: what miners can and can’t do
  • How to think about proof-of-work
  • What secures Bitcoin: a combination of cryptography and economic incentives
  • Acknowledging a shift in Bitcoin’s security model from block rewards to transaction fees
  • Countermeasures to Bitcoin’s changing security model

Tweetables:

“Money and finance are spaces that have historically had huge barriers to entry and largely been protected from disruption. Cryptocurrency is able to exist outside of the curfew of government regulation.” — @hasufl

“The market value of rewards is tied to the health of the network. As a result, the entire balance sheet of miners is tied to the health of the network. If users lose faith, miners lose their investment.” — @hasufl

“If there ends up being a problem, and we are in a hurry to fix things, then it’s way easier to make a mistake, adopt an imperfect solution, or implement something without full community buy-in.” — @hasufl


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

A Proactive Approach for a Pathogen-Free Blood Supply with Dr. Larry Corash

A Proactive Approach for a Pathogen-Free Blood Supply with Dr. Larry Corash

 
 
00:00 / 00:58:45
 
1X
 

Blood is a crucial supportive therapy within healthcare. Approximately 18 million blood components including red cells, platelets, plasma, cryoprecipitate, and a small amount of whole blood are collected each year in the United States, meaning it is of critical importance that blood remains pathogen-free. Today’s guest is Dr. Larry Corash, the co-founder and chief scientific officer of Cerus (CERS), a patient-centric medical technology firm focused on massively improving the safety of the world’s blood supply. Cerus is helping to shift medical paradigms around the prevention of transfusion-transmitted diseases from reactive to proactive. Before 1971, there was only one test that was done on blood before transfusion, which was a test for syphilis. Since then, tests for other viruses have been invented but the method remains cumbersome and accident-prone. Dr. Corash’s experience with patients who had been infected with HIV through blood transfusions was ultimately what brought him to do the research that lead to the development of the technology Cerus uses. Dr. Corash appears on the show today to speak more about Cerus’s mission, the science behind INTERCEPT technology, legalities around FDA approval in the US, and some of the great work they have already done to revolutionize blood transfusion safety practices globally.

 

Key Points From This Episode:

  • The MO at Cerus: to improve the safety of blood transfusion by preventing infections.
  • Blood donation statistics in the US: 18 million components are collected annually.
  • The evolution of testing capacity since 1971 when only syphilis could be detected.
  • Two challenges to detecting new viruses: recognizing and isolating them.
  • Connections between challenges to detecting viruses and lags in developing tests for them.
  • How Cerus moves to a proactive method for pathogen prevention through DNA inactivation.
  • What arboviruses are and how they are becoming more prevalent due to global warming.
  • The role of travel in the spread of pathogens such as Zika.
  • How French Polynesians adopted Cerus technology to fight the Dengue virus.
  • Benefits of the broad sweep effect of INTERCEPT tech over the singular testing model.
  • A history of platelet transfusion therapy and the importance of platelets for curbing bleeding.
  • How sepsis can develop in platelets that have to be stored at room temperature.
  • Instances of platelet transfusion in the 80s that caused transfusion transmitted diseases.
  • What Intercept technology does to inactivate bacteria, viruses, parasites, and T Cells.
  • How INTERCEPT’s targeting of nucleic acid prevents the need for gamma irradiation.
  • The surprisingly recent institutionalization of new blood-related safety practices by the FDA.
  • How FDA draft vs final guidance documents are affecting the adoption of INTERCEPT.
  • Differences between Large Volume Delayed Sampling (LVDS) and INTERCEPT processes.
  • LVDS methods tend to be complicated, lengthy, and costly.
  • Pathogen inactivated products are fresher than LVDS ones and require no follow-ups.
  • Motivations for hospitals using pre-FDA approved methods to switch to INTERCEPT.
  • Economic improvements for blood centers and hospitals after adopting INTERCEPT.
  • Licensure and the applicability of INTERCEPT technology to plasma and cryoprecipitate.
  • Ways that INTERCEPT technology extends the usability of cryoprecipitate in a thawed state.
  • The efficacy of INTERCEPT technology on red blood cells through S-303 molecules.
  • Funding from BARDA and the Swiss Red Cross that is helping Cerus deploy technologies.
  • How Dr. Corash started the research that led to Cerus after encountering HIV patients.
  • Freeze-dried products that Cerus has developed with military first aid applications.

 

Tweetables:

“Testing is always a reactive strategy and the mission of Cerus was to develop a better strategy for dealing with methods to prevent transfusion transmitted infections.” — Dr. Larry Corash

“In contrast to testing, where testing only takes a small sample from a donor and tests it, with pathogen reduction technologies such as INTERCEPT, you’re treating the whole product. So you can think of it in the same way that we pasteurize milk. We don’t test the milk, we pasteurize it.” – Dr. Larry Corash

“The basic platform of nucleic acid-targeted compounds to inactivate infectious pathogens in blood is applicable to platelets, plasma, cryoprecipitate, red blood cells, and whole blood. So it provides a way to protect all of the important blood component transfused products.” — Dr. Larry Corash


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Esports and Gaming Trends with Will Hershey of Roundhill Investments

Esports and Gaming Trends with Will Hershey of Roundhill Investments

 
 
00:00 / 00:48:08
 
1X
 

On the podcast this week, we have Will Hershey, cofounder and CEO of Roundhill Investments, to help us breakdown Esports and the Gaming Industry. Will is responsible for the company’s indexing, research, and product development efforts, in addition to firm-level partnerships and operations. Before founding Roundhill in 2018, Will served as the Head Trader with Yorkville Capital Management, and prior to that he was with Yorkville ETF Advisors, where he was instrumental in the creation and growth of two NYSE-listed ETFs. We dive into the latest trends in gaming, what we are looking forward to as new tech develops, and different business models between streaming platforms, both in the east and the west. Will gives us his perspective on cloud gaming and the introduction of VR. For an incredible look into the world of Esports, be sure not to miss out on today’s episode!

 

Key Points From This Episode:

  • Will’s high-level view on the gaming industry and where it is headed.
  • Understanding the participation versus consumption ratios in digital gaming.
  • Differences and similarities between Esports and live streaming.
  • The main players buying up leagues in the Esports industry.
  • AfreecaTV’s business model and how they compare to Chinese streaming platforms.
  • Popularity of virtual goods and how the revenue model works within the industry.
  • The value and power that exists within online streaming platforms.
  • Looking at the future of streaming platforms locking down multi-year contracts with content creators.
  • Differing take rates between streaming platforms in the west.
  • Is it possible for a content creator to transcend these streaming platforms?
  • Is there a place for cloud gaming in the casual player market?
  • The market dynamics of cloud gaming: will it cannibalize or draw new players?
  • Why the mobile gaming will likely have the most direct impact on changing the entire gaming landscape.
  • The tremendous value of the gaming platform to advertisers.
  • Will’s viewpoint on VR and how it will accelerate the gaming industry.
  • Importance of understanding the different gaming landscapes and ecosystems.
  • How Battle Royale is changing the way games are consumed and played from a viewer perspective.

 

Tweetables:

“More people watch gaming and Esports than Netflix, HBO, Hulu and ESPN combined.”@maybebullish

“Most of gaming viewership is not live right now, most of it’s video on demand.”@maybebullish

“When we’re having these big shifts in terms of the way people are consuming games, it’s taken the IP to be the driver, not the tech.” — @maybebullish


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Introduction to ARK’s Big Ideas 2020

Introduction to ARK’s Big Ideas 2020

 
 
00:00 / 00:22:28
 
1X
 

Join James Wang as he interviews Cathie Wood (CEO and CIO at ARK Invest) on our recently published Big Ideas 2020 report. On this podcast Cathie will share her perspective on some of the biggest breakthroughs ARK believes should not be missed in the coming year.

What is ARK’s Big Ideas Report?
This annual research report highlights the latest developments in innovation and offers some of our most provocative research conclusions for the coming year. ARK seeks to gain a deeper understanding of the convergence, market potential, and long-term impact of disruptive innovation by researching a global universe that spans sectors, industries, and markets. Today, we seem to be witnessing an acceleration in new technological breakthroughs. To enlighten investors on the impact of these breakthroughs and the opportunities they will create, we began publishing Big Ideas in 2017. This year’s version focuses on:

  • Deep Learning — From Vision to Language
  • Streaming Media — The Primary Technology Behind Content Distribution
  • Electric Vehicles — Faster Adoption Than Most Think
  • Automation — Increased Productivity and More Jobs
  • 3D Printing — An Underestimated Technology
  • Autonomous Ridehailing — The Future of Transportation
  • Aerial Drones — A Cost Saver and Potential Life Saver
  • Next Generation DNA Sequencing — The Transformation of Oncology
  • Biotech R&D Efficiency — The Convergence of Technologies in Healthcare
  • Digital Wallets — The Transformation of Banking
  • Bitcoin — An Evolution of Monetary Systems

 

Tweetables:

“The big surprise to me was that the biggest opportunity out there, in terms of drones, is food delivery.”— @CathieDWood

“The convergence of DNA sequencing, AI, and Gene editing will reduce the price of Biotech R&D considerably, bringing margins potentially back to highs like we have seen in the 80s.”— @CathieDWood


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Best of 2019: FYI Podcast with Elon Musk, George Church, and more

Best of 2019: FYI Podcast with Elon Musk, George Church, and more

 
 
00:00 / 00:40:20
 
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As we wrap up 2019, we would like to thank everyone who listened to the FYI — For Your Innovation podcast. We received incredibly positive feedback for our podcast show and had some truly amazing guests in the past year, ranging from world class geneticists to founders and CEOs. In this final episode of 2019, we put together a “greatest hits compilation” of our five most popular episodes.

 

1. On the Road to Full Autonomy with Elon Musk (EP11)

Elon Musk talks about how his engineering background drives his decision making for Tesla and why he is so confident that Tesla will achieve full autonomy. On this podcast: Elon Musk, Tasha Keeney, Cathie Wood. (Listen to the Full Episode)

 

2. Immunotherapy and the Race to Cure Cancer with Charles Graeber (EP21)

For decades cancer was something that was treated rather than cured. Author of the book The Breakthrough: Immunotherapy and the Race to Cure Cancer, Charles Graeber unpacks the history of immunotherapy, why it remained on the fringes for so long, and why cancer might become a manageable disease. On this podcast: Charles Graeber and James Wang (Listen to the Full Episode)

 

3. The Genomic Revolution with Prof. Dr. George Church (EP26)

Professor George Church is one of the pioneers of modern genetics. We dive into the stage of genomics, next generation oncology, the security and regulation of genetic information, gene editing, and the increasing speed of the genomic revolution. On this podcast: George Church, Manisha Samy, Simon Barnett, and James Wang. (Listen to the Full Episode)

 

4. Wright’s Law—Understanding Technology Cost Curves with Brett Winton (EP07)

Brett Winton explains how Wright’s Law makes simple and robust predictions about technology cost declines, and why it’s at the center of ARK’s research. On this podcast: Brett Winton and James Wang (Listen to the Full Episode)

 

5. Cerebras’ Wafer Scale Engine AI Chip with CEO Andrew Feldman (EP37)

Andrew Feldman, co-founder and CEO of Cerebras, joins us to discuss the Wafer Scale Engine, or WSE, an AI chip that is 50 times larger than the largest chips produced by Nvidia and Intel. On this podcast: Andrew Feldman and James Wang (Listen to the Full Episode)

 

We will be back in 2020 with new episodes and more exciting topics, because investing in innovation starts with understanding it. Until then, stay innovative!

 


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Beginning of Every Deep Learning Exercise With Manu Sharma and Brian Rieger

The Beginning of Every Deep Learning Exercise With Manu Sharma and Brian Rieger

 
 
00:00 / 00:53:25
 
1X
 

In today’s episode, we welcome Manu Sharma and Brian Rieger from Labelbox, a private company which we believe is leading training data solution for machine learning. We have had many conversations on this show about artificial intelligence from a hardware and algorithm perspective, but data is just as important. All production AI systems are based on supervised learning, which requires large quantities of data to be labeled so that the algorithms can understand and compartmentalize it. In other words, data without labels can’t be used by most AI algorithms.

While large internet companies like Google and Facebook have built custom tools in-house to help label and sort through their large troves of data, most enterprises have very few options. Labelbox aims to fill this gap by providing a scalable and easy-to-use tool to help companies convert their raw data into labeled data fit for machine learning algorithms. Today on the show, Manu and Brian get into the history of Labelbox, as well as the services it provides to its clients and the machine learning community. We talk about the tiers and iterations of Databox, its pricing structures, the various industries it supports, and what makes it stand out against its competition. We also cover some fascinating ground around human-in-the-loop systems, how a machine learning startup would train its AI and the difference between software 1.0 and 2.0. In our conversation, we also speak about Labelbox in relation to computer vision, drone technology, and labor ethics. Join us to get a taste of the many ways data and AI will continue to penetrate life and industry well into the foreseeable future.

 

Key Points From This Episode:

  • How Manu and Brian became friends through building an optimization system for airfoils.
  • Manu’s experience working with data insights where he realized the need for data labeling.
  • The connection between the rise of different machine learning algorithms and data labeling.
  • Three labeling problems Labelbox solves in areas of tools, distribution, and management.
  • Labelbox’s two formats: on-premises and cloud-based.
  • Pricing structures for Labelbox which are tiered and correspond to the decisions it makes.
  • Different industries that utilize computer vision which benefit from Labelbox.
  • How Labelbox helped KeepTruckin build a dashcam data capturing system.
  • Human-in-the-loop workflows
  • How Labelbox believes it can take accuracy from 90% to 100%.
  • Key differentiators of Labelbox regarding software, human support, and data management.
  • The story of Expensify and how an AI-powered app trains its AI using humans and data.
  • Data processing as the key differentiator between software 1.0 and 2.0.
  • Whether the rise of transfer learning is detrimental to Labelbox as a business.
  • The relevance of Labelbox and machine learning to modern drone technology and uses.
  • Ethical considerations around human data labeling work conditions.
  • The plus side of human data labeling: skills development and accessibility.
  • Some of the third world English speaking regions where human data labeling is burgeoning.
  • Situations where human data labeling falls under a mixture of experts and outsourced labor.

 

Tweetables:

“We’re seeing a massive adoption of deep learning technology across every industry where cameras or the human eye are involved in making decisions.”@Riegerb

“Labelbox is the only software platform that a customer would ever need in order to build, create, and manage the training of datasets for operating a machine learning pipeline.” @manuaero

“What’s really fascinating is that in software 2.0, the way the machines learn is through a form of labeled data, and these labels are essentially decisions.” @manuaero


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Power of Deep Learning with Bryan Catanzaro from NVIDIA

The Power of Deep Learning with Bryan Catanzaro from NVIDIA

 
 
00:00 / 00:48:14
 
1X
 

We are joined by Bryan Catanzaro, Vice President of Applied Deep Learning Research at NVIDIA. In his early career he built some of the original deep learning libraries and worked at Baidu in the specific field of deep speech. In 2016 he returned to NVIDIA and has been there since, exploring the ever-evolving field of deep learning at one of the industry leaders. We discuss conversational AI and the newest advancements in the field, Bryan’s thoughts on NVIDIA’s competition and what the market looks like currently. Bryan also weighs in on how far we are from a more general form of artificial intelligence and how far we can get by just scaling today’s technologies. We also cover autonomous driving, related software, hardware and frameworks and the impact of cloud computing on the field. For this informative chat be sure to listen in to the For Your Innovation podcast!

Key Points From This Episode:

  • An overview of how deep learning has changed over the last two decades.
  • NVIDIA’s realizations around deep learning and the impact it would make.
  • The deep learning team at NVIDIA and how it fits into the company as a whole.
  • Connections to other companies and internal work within the NVIDIA sphere.
  • Exciting projects at the company; conversational AI and graphics rendering!
  • The data bottleneck and the hurdles to teaching machines to properly understand language.
  • Scaling in large transformer networks, training and inference models for learning.
  • Single and multi-node problems; creating solutions for different types of customers.
  • The software and frameworks in the market right now and who is leading the race.
  • The hardware side of machine learning and why Bryan emphasizes universal compatibility.
  • NVIDIA’s autonomous driving efforts and what they are ultimately aiming for.
  • How close are we to some form of general artificial intelligence?

 

Tweetables: 

“NVIDIA is also as you might remember, a very densely connected flat organization. Teams work together across org chart boundaries every day.”@ctnzr

“We are not just training models of the past we are inventing models of the future.”@ctnzr


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Streaming Wars with Nick Grous

Streaming Wars with Nick Grous

 
 
00:00 / 00:21:06
 
1X
 

Isn’t everyone talking about streaming wars? This may seem like a new phenomenon, but it all started in 2007 when Netflix introduced streaming for the first time. With Disney Plus and Apple TV gaining traction, we are exploring what the future of streaming might look like and how it could shape the media landscape. On this episode Nick Grous, analyst at ARK Invest, shares his broad perspective and insightful knowledge on the current streaming wars taking place across the globe.

On day one of their launch in November 2019, Disney Plus received over 10 million subscribers from just a handful of countries. Nick explains how the growing competition, like Disney Plus and Apple TV, impacts Netflix – the market leader in the streaming space. We explore some of the history behind streaming and why it took other companies over 12 years to start competing with Netflix. Lastly, we discuss how companies are expanding their business models and products in order to win a piece of the pie. Take a listen to this episode if you want to know who ARK believes might be best positioned in these streaming wars.

Key Points from This Episode:

  • How Netflix revolutionized streaming back in 2007.
  • Who we believe are the main streaming competitors today.
  • Find out how the launch of Disney Plus and Apple TV are faring in comparison to Netflix.
  • Discover why it took the industry 12 years to respond seriously to the domination of Netflix.
  • Why we Nick believes legacy companies today are responding with mergers and acquisitions.
  • Find out what Netflix has done to scale more rapidly and globally than its competitors.
  • Stepping into the ad-supported market versus Subscription Video on Demand (SVOD).
  • Why live sport and live news still makes cable TV an attractive option for consumers.
  • New strategies companies are implementing into their business models beyond streaming.
  • Predictions for the future of the streaming space: Is Disney Plus going to win the war?

 

Tweetables:

“Before, Netflix was the undisputed king. Now, they have true competitors.” — @GrousARK

“There is not going to be a single winner in this streaming war. There will be many winners.” — @GrousARK

“This is also a way for companies to bring new users into an ecosystem beyond just streaming.” — @GrousARK


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

HD Maps for an Autonomous Future with Ro Gupta

HD Maps for an Autonomous Future with Ro Gupta

 
 
00:00 / 00:58:53
 
1X
 

We are joined by Ro Gupta, the CEO of Carmera to discuss his contribution to an autonomous future. Carmera is a private company that makes real time HD maps for autonomous driving. We talk about his own history and early interest in transportation before diving into the development of digital maps and the apps that have spearheaded this technology. Ro explains data collection, safety policies, and some of the main challenges today. He also describes differences between the US and international markets, notably China. We discuss different solutions, how to share data across platforms, and how Carmera aims to grow in the future.

Key Points From This Episode:

  • The early roots of Ro’s interest and affinity for transportation technologies.
  • Mapping technologies over the years and the shift towards HD maps. 
  • Carmera’s stance towards LIDAR and data collection.  
  • Aiming for the best historical and forward-thinking data set for vehicles.  
  • Safety policy, trust, and verification.  
  • Comparing the US markets to those abroad and the implications of global demand. 
  • The biggest challenges currently facing Carmera and the HD maps market.  
  • Issues with data across formats and platforms and minimizing latency. 
  • Unexpected use cases and future ideas for Carmera
  • ARK’s own findings on the autonomous future and the market opportunities. 

 

Tweetables:

“I think if you’ve ever spent time in developing countries, you don’t take roads for granted, you see just how much of the nervous system they really are for the real world.” — @ro_gupta

“Basically, almost all computer vision that you see being commercialized is deep learning, neural network based, or a lot of it is.” — @ro_gupta


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

A Different Type of VC Firm with Eric Vishria from Benchmark

A Different Type of VC Firm with Eric Vishria from Benchmark

 
 
00:00 / 00:55:01
 
1X
 

On this episode of FYI we welcome Eric Vishria, General Partner at Benchmark. Benchmark is a one-of-a-kind venture capital firm based in San Francisco, opting to operate with a small team of just 5 to 7 general partners and no junior partners or other team members. They have helped to bring to market iconic companies such as Twitter, SnapChat, DropBox and Uber! In our conversation, we talk about why he believes SaaS is larger than ever before. Eric makes a strong argument for low barriers to adoption over low barriers to entry. We talk about Benchmark’s recent investments in software and machine learning and get some insight into their work with Cerebras as its first investor! As a venture capital company that does not do a lot of PR, it is all the more exciting to have Eric as our guest to get a peek inside a true industry leader and trendsetter.

Key Points From This Episode:

  • How Benchmark got started and the differences to typical venture capital firms.
  • Day to day work at Benchmark; meetings, recruiting and maintenance.
  • The roles at Benchmark and how the agreement processes play out.
  • The rise of enterprise software and the relationship to infrastructure.
  • How the lowering of barriers to adoption has influenced the market.
  • Benchmark’s recent involvement with Confluent and Benchling.
  • The company’s hesitation to get involved in life sciences and breaking this mold.
  • Investments in AI development and the impact of deep learning on cybersecurity.
  • How Benchmark became involved with Cerebras and backed them.
  • Getting out of the PacMan world of deep learning and trying to imagine the future!
  • Market-sizing and why the practices at Benchmark lean away from this.
  • Public investment in SaaS companies and surprising growth in the market.
  • The current Benchmarket portfolio and the excitement of finding special early-stage projects.

 

Tweetables:

“We don’t do seed, we don’t do growth. We don’t try to be an investor just to have a logo.  We either lead, take the board seat and do the work or we don’t.”@ericvishria

“We are looking at a world where there are over a hundred thousand new variants of malware every day.”@ericvishria


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Asking Different Questions Than Everyone Else, with Sean George

Asking Different Questions Than Everyone Else, with Sean George

 
 
00:00 / 00:40:20
 
1X
 

On this FYI episode, we are joined by Sean George, CEO and co-founder of Invitae one of the innovative frontrunners in the medical genetic testing space. (This episode was recorded: Sep. 10, 2019) Invitae is driven by the provision of affordable genetic testing, clinical-grade accuracy, and transparent reporting practices. In asking different questions than anyone else in the space, Invitae is spearheading a paradigm shift in the diagnostics industry.1

For them, finding scalable solutions, where anyone can access information about medical risks they face and then tailor solutions accordingly, is an ideal outcome. Sean also talks about the declining costs of DNA sequencing and the implications it has for the future of the medical genetics testing industry along with the host of other industries it will benefit. He also touches on how genetic testing can continue to change cancer treatment to ensure that all patients get comprehensive, tailored treatments that deal with the specificities of their case. While being an innovator in this space has provided altruistic benefits for many people outside of the company, finding investors has at times proved to be challenging for Invitae. Sean then gets into what the current investment landscape for biotech companies looks like as well as his suggestions for raising capital moving forward. For all this and more, join us today!

 

Key Points From This Episode:

  • How Invitae’s approach is different from others in the medical genetic space.
  • We are still in the midst of the technology revolution and genetic testing cloud be the last frontier.
  • Medical genetics goes far beyond just buying a sequencer.
  • Why many were frustrated with the outcomes of the Human Genome Project.
  • Many industries could benefit from the cost of decreased sequencing.
  • How Invitae goes about solving rare pathogenic variant findings on a case by case basis.
  • Diagnostic technology is complex, but it needs to provide simple, digestible answers.
  • Race and ethnicity could be viewed as cultural constructs rather than biological realities.
  • Some of the biggest changes Sean anticipates happening in the cancer diagnostic space.
  • Some genes can tell whether you are high risk for cancer or not.
  • An explanation of a liquid biopsy and how it is being used currently.
  • ‘Sean’s belief that a company’s inherent purpose is not cash flow but fulfilling its created purpose.
  • The shift in diagnostic testing is moving from a one size fits all to personalized program.
  • What is exciting as Invitae’s mission of driving costs down is being realized.

 

Tweetables:

“We’re doing great good now by delivering information that otherwise people never would have got, but if we could do a genome on every sample instead, we could really start bending the curb on a population level, on the family level, on an individual level.”@seanegeorge

“The reason we started a company is because there is absolutely knowable information in your genes that may or may not confer incredibly high risk for cancer.”@seanegeorge

“You have to suspend reality for long enough, for enough people to try to do something different.”@seanegeorge

  1. Please note that as of 9/30/19, ARK’s clients held approximately 8.1% of Invitae’s shares outstanding.


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Future of Cultured Meat Production with Yaakov Nahmias

The Future of Cultured Meat Production with Yaakov Nahmias

 
 
00:00 / 00:40:27
 
1X
 

Today’s episode is part two of the discussion with Professor Yaakov Nahmias, the Israeli biomedical engineer and innovator. We discuss his startup, Future Meat Technologies, a company funded by Tyson Foods, which is poised to develop the next generation of cultured meat.

Initially when someone proposed the idea of cultured meat to him, Yaakov thought it would be too expensive. Drawing inspiration from the human body’s filtration and purification system, Future Meat Technologies is working on a bioreactor which removes the growth inhibiting ammonia from the cell growth process. With this breakthrough development, the company has a plan to drastically drive down the cost of cultured meat production and improve efficiency to the point where it could surpass the output of the conventional meat industry. This may not only feed more people, but also allow consumers to make more conscious decisions. Yaakov recognizes that it is a niche market and in order to widen the customer base it is important to make the product as close to conventional meat as possible.

 

Key Points From This Episode:

  • An explanation of what cultured meat is
  • Meat is made up of muscle and fat, so to mimic the taste in cultured meat, only fat is needed
  • What fibroblasts are and why Yaakov’s company favors using them over other cells
  • Why this new way of producing meat can be cheaper than using a conventional bioreactor
  • How Future Meat Technologies’ purifying device works
  • Why this way of producing meat is not genetically modified
  • Why this technology’s shorter time frame allows for a higher level of market responsiveness
  • What the most popular items in the meat market currently are
  • What Yaakov envisions the future cultured meat industry to look like

 

Tweetables:

“If you want to make a burger that tastes and smells like meat, you actually don’t need all the meat, you need the fat.” — Yaakov Nahmias

“Efficiency here is the name of the game. You don’t have a lot of margins. If this was a high margin industry then there would be more room for a couple of players.” — Yaakov Nahmias


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

A Commitment to Bitcoin with Ric Edelman

A Commitment to Bitcoin with Ric Edelman

 
 
00:00 / 00:32:36
 
1X
 

Today on the podcast we are joined by Ric Edelman, the founder and chairman of Edelman Financial Engines and author of The Truth About Your Future. We also have our very own Cathie Wood join us for the conversation as we look at the current state of bitcoin and cryptocurrencies, a decade after they emerged into the public imagination. We hear from Ric about his early theoretical and then practical interactions with bitcoin, his ongoing belief in the platform, its limitations and what its future may look like. Cathie also weighs in on ARK’s initial relationship with bitcoin and how cryptocurrencies informed the formation of the company. We discuss bitcoin’s strengths and weaknesses, who can most benefit from its unique characteristics at present and the advantages that would emerge with the involvement of the SEC. Tune in to hear this engaging discussion on what we believe to be one of the decade’s defining technologies!

Key Points From This Episode:

  • How Ric Edelman became involved in cryptocurrencies originally and his continuing philosophy.
  • Cathie’s own ‘aha’ moment and early engagement with bitcoin in 2011.
  • The uncertainty that still surrounds bitcoin’s and other cryptocurrencies’ future.
  • Bitcoin’s transaction handicap and the other cryptocurrencies solving these problems.
  • What this evolving conversation means to the work of financial advisors.
  • Ric’s own approach to advising clients on investing in bitcoin.
  • The reasons why Ric and his firm are not yet fully recommending bitcoin to average clients.
  • Limitations and regulation in the cryptocurrency space and the practical effects of these.
  • The power of educated and informed investors making sensible, individual decisions.
  • Tokenization and what is next for bitcoin and the crypto sphere.
  • Why Ric is really excited about the prospect of a ’40 Act product being released.

 

Tweetables:

“The exposure to Bitcoin back in 2012 was still very new. It had only been invented a couple of years earlier, and there were more questions than answers about what it was.”@ricedelman

 “I made my first investment of bitcoin in early 2014, and I’ve been buying ever since. I’ve never sold any holding that I have in digital assets.”@ricedelman

“Part of the problem is that Americans tend to be slow adapters, partly because we have the strongest currency in the world, because we have the strongest economy in the world, the most stable financial structure in the world.”@ricedelman


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Steve Forbes on the Market, Policy, and the Evolution of Media

Steve Forbes on the Market, Policy, and the Evolution of Media

 
 
00:00 / 00:55:24
 
1X
 

On the podcast today, we are joined by Steve Forbes, Chairman and Editor in Chief of Forbes Media Group. Together with ARK CEO and CIO Cathie Wood and ARK analyst James Wang, we have a fascinating chat with Steve on the market, the modern media landscape, and the trustworthiness of cryptocurrencies.

The podcast starts off looking at the current economic climate, doom and gloom predictions, and why Steve has come out publicly with a relatively optimistic outlook. From there we naturally move into taxation, the market, and all the political issues connected to these topics. Steve gives us his views on the path of Forbes Media Group through the internet age. We hear about the philosophy that guided the company from its previous iteration as a purely print publication, into the online powerhouse we see today. We even broaden our conversation into a comparison of today’s popular music landscape. Lastly, we focus on cryptocurrencies, the concept of trustworthiness of Bitcoin, and some of Steve’s current and upcoming projects. Be sure not to miss this great episode!

 

Key Points From This Episode:

  • Reasons that Steve is optimistic about the state of the economy and the stock market
  • What Steve means when he talks about total output comments and consumer actions
  • Negative yields and the real message we should be taking from them
  • Imagining President Trump’s possible policy priorities, if re-elected
  • Evaluating the state of the stock market right now and predictions around its future
  • Under-valuation of the market and the fear around it currently
  • The internet’s impact on the Forbes Media Group and their response
  • Comparing popular music of today with previous generations
  • How Forbes transitioned into a contributor model from the magazine format
  • A preview of the current projects Steve has on his agenda
  • Steve’s thoughts on the trustworthiness of cryptocurrencies.

 

Tweetables:

“When everyone is depressed about something, they’re usually wrong. The only thing that does worry me is the trade situation.”@SteveForbesCEO [0:01:38]

“Bitcoin is what you might call a high-tech cry for help.”@SteveForbesCEO [0:01:38]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Tissue Dynamics with Professor Yaakov Nahmias

Tissue Dynamics with Professor Yaakov Nahmias

 
 
00:00 / 00:33:47
 
1X
 

In this episode of the FYI—For Your Innovation podcast, we welcome Professor Yaakov Nahmias from the Hebrew University. Yaakov is an Israeli bioengineer and an award-winning, industry-leading expert in his fields, who has worked in 3D printing and cellular research for the majority of his career. This two-part conversation will cover his work at Tissue Dynamics in the field of drug discovery and the production of cost-effective cultured meat at Future Meat Technologies.

In this first part, we explore how Professor Nahmias is helping to advance medical research, drug discovery, and production of new medicines. We hear about his ideas that led to the founding of his company, Tissue Dynamics, and some of the problems that the company aims to fix. Professor Nahmias does a great job of explaining the complex issues of drug discovery. We discuss technological advancements, such as smart organ-on-chip technology, that could allow us to reduce the time it takes to find new drugs. For this and more, tune in!

 

Key Points From This Episode:

  • How Yaakov’s engineering background and philosophy led him to drug discovery
  • The underlying climate that brought about the birth of Tissue Dynamics
  • Reasons for the steep price increase of bringing a new drug to market
  • How Yaakov has focused on trying to alleviate bottlenecks for drugs coming to market
  • Technological advancements that have allowed progress in the field
  • The smart organ-on-chip platform that Tissue Dynamics has built to track studies in real-time
  • How Tissue Dynamics is interpreting the massive amounts of data it processes
  • What Yaakov sees in the near future of health care and drug development

 

Tweetables:

“It turns out that a lot of the things that we find in mice don’t really translate and there’s many reasons for that. One is that mice have very different genetics to humans.” — Yaakov Nahmias [0:03:48]

“A few years more of organ-on-chip research needs to happen before very reliable models can be used to study human immunology. But it’s there and it is definitely right there at the cutting edge.” — Yaakov Nahmias [0:21:21]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

What are Disruptive Innovation Platforms?

What are Disruptive Innovation Platforms?

 
 
00:00 / 00:26:58
 
1X
 

For today’s show we welcome Brett Winton, ARK’s Director of Research, to discuss his recent white paper titled Disruptive Innovation – Why Now? The main idea of the paper explores innovation today and how the convergence of five major innovation platforms compares to other innovation periods in our history. Brett details the five technologies that we have identified as transformative signposts today. To unpack just how exciting and unprecedented this is, we look at comparable innovation platforms, their criteria, and impact on our economy. We explore the importance of technologies evolving simultaneously and the exponential nature of stacked innovation platforms. Lastly, we discuss how innovation could impact investing and the different growth industries.

Key Points From This Episode:

  • The primary idea behind Brett’s paper and what it tries to explain
  • The stack of five technologies that we see coming to bear impact on the world now
  • Background on Brett’s methodology
  • The somewhat surprising inclusion of energy storage on the list
  • Gauging the possible economic impact of these five technologies
  • What this means for investors looking to buy into these markets
  • Why investing in these technologies is not as straightforward as it might appear
  • Thoughts on the possible growth of the number of major, disruptive technologies

 

Tweetables:

“What’s happening today is that there is a stacking of meaningful technologies, the likes of which we haven’t seen.”@wintonARK [0:02:28]

“You have to go back to the early 1900s to find an episode where you had several really meaningful technologies all coinciding to the degree that they have now.”@wintonARK [0:03:06]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Cerebras’ Wafer Scale Engine AI Chip with CEO Andrew Feldman

Cerebras’ Wafer Scale Engine AI Chip with CEO Andrew Feldman

 
 
00:00 / 01:03:04
 
1X
 

Andrew Feldman, co-founder and CEO of Cerebras, joins us this week to discuss the Wafer Scale Engine, or WSE, an AI chip that is 50 times larger than the largest chips produced by Nvidia and Intel. This radical design has raised a lot of eyebrows and it is already being heralded as the biggest breakthrough in semi-conductor technology in decades. Andrew helps us unpack why AI work needs chips this large, how Cerebras was able to leapfrog industry incumbents, and what why the Wafer Scale Engine is the ideal AI training accelerator. Join us on this podcast as we talk with Andrew about some of the biggest hurdles that his team encountered on this market shifting journey.

Key Points From This Episode:

  • A high-level description of the chip Cerebras has created and what makes it different.
  • Why this size and level of the chip has eluded companies far larger than Cerebras.
  • The path to the Wafer Scale Engine, starting with the founding of Cerebras.
  • Understanding the system architecture of the Wafer Scale Engine.
  • The relationship between Cerebras and TSMC, their fabrication partner.
  • Choices that were ultimately made around size and particularly memory.
  • Getting past the challenge of bottlenecks and bringing data onto a chip this size.
  • Reasons startups like Cerebras are able to do things more cheaply than larger competitors.
  • Examples of the power that this Wafer Scale Engine offers through its incredible flexibility
  • Cerebras’ go-to-market strategy and Andrew’s thoughts on the size of the training market.

 

Tweetables:

“Our guys are not afraid of invention and I think sometimes that’s not the incentive structure at large companies.”@CerebrasSystems [0:07:01]

“We set out to be extraordinarily ambitious and that was in the system design, that was in the chip design and architecture. That was at every stage of our thinking.”@CerebrasSystems [0:14:13]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Vibrant Online Education Space with Aaron Nace

The Vibrant Online Education Space with Aaron Nace

 
 
00:00 / 00:30:39
 
1X
 

Today we hear from Aaron Nace, the founder of Phlearn, an online education startup focused on digital photography and image editing. Aaron was one of the first YouTube educators to help people get fluent with digital tools like Photoshop and Lightroom and founded his company to help amateurs grow their careers as full-time creatives. We talk about the market of online education why so much of it is focused on paid, more advanced instruction. Aaron explains why he believes in creating free content and the high reward of watching students go from aspiring to full-time professionals. We discuss why there are more important considerations than college qualifications when recruiting new employees and what he reckons is the secret to success in the online education space. He also answers questions about his toughest business decisions and what he envisions for the future of his company. Join us for another great episode!

Key Points from This Episode:

  • The reason for starting Phlearn and how the photography industry has changed
  • How YouTube has evolved and the company’s migration from Vimeo to YouTube
  • Free tutorials and transitioning from a free to a partially paid service
  • Their philosophy behind creating free content and how it benefits everyone
  • People becoming brands and how young people’s career path options have expanded
  • The aspects that are more important than a college qualification
  • What it takes to succeed as an online paid education platform
  • The most difficult decision he has had to make and how he managed it
  • The importance of first and foremost having a solid, good quality product
  • Aiming to create a happy work environment where employees can build lifelong careers

Tweetables:

“We’re basically trying to help anyone out there who has a camera, which is just about everyone these days, make and take better images.”@aknacer [0:02:31]

“In my opinion, operating in a niche and doing that niche very well will most definitely set you apart.”@aknacer [0:13:05]

 


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Building Sustainable Global Trade with Matt Heider, CEO NautilusLabs

Building Sustainable Global Trade with Matt Heider, CEO NautilusLabs

 
 
00:00 / 00:29:04
 
1X
 

On this week’s episode, we are joined by Matt Heider, CEO of Nautilus Labs, to continue the series on looking at startups as a lens to learn about innovation. Nautilus Labs is a maritime tech company that aims to advance the efficiency of ocean commerce. Nautilus is building software solutions for global shipping companies in order to minimize fuel consumption, maximize operations, and optimize fleet performance. In doing so, Nautilus Labs helps ship owners and operators reduce greenhouse gas emissions and enable sustainable global trade. Investors in Nautilus include M12 (Microsoft’s venture fund), Root Ventures, Quiet Capital, Trail Mix Ventures, and Amplifier, amongst others, bringing Nautilus’ total funding raised to $14.5 Million and making it one of the most well-funded maritime startups.

Ships transport around 90 percent of the world’s goods across the seas and waste a lot of fuel on poor decisions while doing so. Despite the significant impact of shipping on our daily life, it historically has been a poorly regulated industry, along with very little technological advancements, leading to inefficiencies and fuel waste. Not only is this environmentally destructive, but it also damages companies’ bottom line. Nautilus Labs wants to change that. Its technology platform for shipping companies provides predictive analytics and AI solutions to reduce fuel consumption and maximize ROI. Matt is here to chat with us about this very unique vertical in the SaaS space. If you would like to learn more about Nautilus Labs and the maritime industry, tune into this FYI podcast episode.

Key Points From This Episode:

  • What is Nautilus Labs and how Matt became involved
  • The need for ships to reduce greenhouse gas emissions to enable sustainable global trade
  • Why shipping has always been poorly regulated
  • The path Nautilus Labs has taken to optimize fuel consumption
  • What noon reporting is and why it is so inefficient
  • Maritime—what venture capitalists had to learn about the industry
  • How Nautilus uses artificial intelligence for fleet optimization
  • The five segments of the global shipping market
  • About Nautilus Labs’ past successes and future goals

 

Tweetables:

“It is really hard to believe that shipping essentially operates with an email when it departs, an email every day, and an email when it arrives and that is the level of insight…”@Matt_Heider [0:20:47]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Analyzing the Data Center Business with Akram’s Razor (Part 2)

Analyzing the Data Center Business with Akram’s Razor (Part 2)

 
 
00:00 / 00:45:36
 
1X
 

Last week was Part 1 of our conversation with Akram’s Razor where he gave his account of how the crypto crash of 2018 impacted Nvidia and AMD. This week, Akram and James go through Nvidia’s data center business in depth and assess the growing competitive landscape for AI accelerators, from cloud and startup companies alike. Akram shares more about how he approached his research for his thesis on Nvidia and we get into a serious discussion about Google’s AI advantage and why he believes they are not making their TPU training chips freely available. We then debate Nvidia’s pricing for their data center boards and talk about their CEO, Jensen Huang, and his refreshing transparency and openness.

Key Points from This Episode:

  • The substantial market value that Nvidia lost in 2018 after the crypto mining crash
  • Getting familiar with TPU and other research for his “Nvidia: A Data center AI Bear Thesis”
  • Talking to people at Google about them using Nvidia’s GPU
  • Google making TPUs available and competing with Amazon Web Services (AWS)
  • AI as Google’s biggest advantage and why their price is not coming down
  • Speculating over why Google isn’t giving away their TPU training chips
  • The approaching competition for TPU and its impact on Nvidia’s data center business
  • The large number of startups that are raising capital for deep and machine learning
  • A theory that training is starting to get saturated at the kernel level capacity
  • Nvidia’s prices for their data center boards and why Akram believes they were over earning
  • Why Nvidia still appears to be well-positioned in the market

 

Tweetables:

“Nvidia last year, lost more in market value than any semiconductor company since Intel crashed in 2000.”@akramsrazor [0:03:21]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Nvidia and the Crypto Implosion of 2018 with Akram’s Razor (Part 1)

Nvidia and the Crypto Implosion of 2018 with Akram’s Razor (Part 1)

 
 
00:00 / 00:41:07
 
1X
 

On the show today we are joined by Seeking Alpha contributor, Akram’s Razor, to bring to you a Nvidia podcast in two parts, focused on the company, semiconductors, and beyond. Akram has published numerous articles on semiconductors, software, and macro. He notably forecasted the global crypto crash of 2018 and its impact on Nvidia, an opinion that went starkly against the grain of most analysts in his field. In this first of a two part episode, we on Akram’s thesis on Nvidia, the crash, and the players in the drama that unfolded over the subsequent months. In next week’s follow up conversation, Akram unpacks his thoughts on Nvidia’s datacenter business and looks at the growth of the competitive landscape for AI accelerators. Be sure to join us for this episode and check back for part two as well!

Key Points from This Episode:

  • Akram’s entry-point into Nvidia and what sparked his interest in the market
  • The last couple years and Nvidia’s upsurge into the AI and crypto markets
  • AMD’s hash supply and the amount needed for the Ethereum blockchain
  • Apple’s role in financing this roadmap development with AMD and Nvidia
  • The hash rate peak of May 2018 and its implications
  • Comparing functionality, business models, and pricing in the gaming market
  • Premium products and Nvidia’s actual biggest competitors in the industry
  • The shortage of in demand cards and the effects on pricing

 

Tweetables:

The GPU market went from boom to bust over the past 12 months. How did it happen? Listen to this Nvidia Podcast with independent analyst who foresaw it all—Akram’s Razor.


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Capital Market Space within FinTech

The Capital Market Space within FinTech

 
 
00:00 / 00:34:30
 
1X
 

This week on For Your Innovation, we are talking to Morgan Dunbar, partner at Bendigo Partners, a firm that specializes in the global financial technology industry as both a principal investor and operational advisor. In addition to that, Morgan is managing partner at AIR Summit, a network and conference targeted at the capital market industry and, in particular, capital market startups. In the podcast, we are going to discuss the capital market space within FinTech, an area that is often overlooked amongst the hype you see around consumer FinTech startups and large venture rounds.

Key Points from This Episode:

  • More about Bendigo Partners and their two main concerns of investing and advising
  • What the term “alpha tech” refers to and how it differentiates them from the rest of FinTech
  • AIR Summit’s focus on capital markets, and specifically front office
  • The growing media coverage on consumer FinTech rather than B2B capital markets
  • How personal investing and the capital market are related
  • The positive response from the industry to capital market startups
  • Why companies are occupied with big data and how AI is being used to solve problems
  • The competition for talent and why it is important to create the right culture
  • Time as one of the biggest challenges for emerging technology companies
  • General problems that the buy and sell side of the industry experience

 

Tweetables:

“Even within capital markets, we’re really focused on just the front office, so our sweet spot is actively managed funds, [mutual] fund complexes, and we’re really focused on bringing forward ideas, technology, data sets that can help those firms add alpha to their process.” — Morgan Dunbar [0:05:57]

“So it is one thing to try to recruit and retain those people and just pay them. It is another thing to create a place where they actually feel like they’re solving problems and have support and can work in a methodological approach, a philosophical approach to the way they like to solve problems.” — Morgan Dunbar [0:25:26]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Innovative Insights into Semiconductors, with Dylan

Innovative Insights into Semiconductors, with Dylan

 
 
00:00 / 00:40:13
 
1X
 

On today’s episode, we are joined by our first ever anonymous guest, who goes by the name of Dylan. James came across him on Twitter and was inspired by his fresh and innovative insights on semiconductors. Dylan works in data science for a large company, but is interested in semiconductors and AI as a personal side project. Having been one of the most stagnant sectors, the semiconductor landscape has dramatically shifted and is now one of the most dynamic and vibrant sectors today. This appears clear as indicated by the meteoric rise of AI chip startups as well as autonomous car developments. Dylan, as an independent analyst, shares some of his background, what spurred his interest, and how his views are different from other analysts. He talks about the state of the chip market, such as current innovations, what the role of trade tensions are, mobile slowdowns and market saturation, to name a few. Then together with ARK analyst Tasha Keeney, he provides an overview of what is unfolding in the self-driving car space in relation to semiconductors, discussing topics such as what current competition there is in the market, anticipated levels of autonomy and whether claims around full autonomy could ever be realized. For this and many more semiconductor insights, join us today!

 

Key Points From This Episode:

  • The reasons that independent analysts may be often better than traditional analysts.
  • Which exciting things investors should be focused on.
  • The projected power dynamics in the semiconductor sector.
  • Why NVIDIA should be able to stay competitive.
  • What the current market leaders’ prospects in the self-driving car sector will be.
  • Some of the shortcomings with current chips in autonomous car development.
  • Why claims of complete autonomy may never be realized.
  • Some of the key differences among the competitors in the autonomous car market.

 

Tweetables:

“The training market is beginning to get saturated.”@dylan522p [0:12:27]

“The reason why I thought trucks would become autonomous first was that there is more money involved.” —  @dylan522p [0:32:40]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

A Closer Look at Facebook’s Libra and Calibra

A Closer Look at Facebook’s Libra and Calibra

 
 
00:00 / 00:29:02
 
1X
 

Joining us on this episode are ARK analysts Yassine Elmandjra and Max Friedrich. Today we talk about the headlines that Facebook has made in recent months, particularly in relation to their plan to launch their own cryptocurrency in 2020. We discuss what Libra is and how it will be governed, what the role of the Libra Association will be and how it will be different to other cryptocurrencies like Bitcoin. It seems as though Bitcoin managed to establish itself before any regulatory measures could intervene, but will Libra be given the same opportunity? Yassine and Max share the governmental responses there have been to Libra and how different markets are likely to react. They share their ideas around why Facebook might have introduced this new dimension in their company and about the function of Calibra as a digital wallet. For all of this and more, be sure to join us!

Key Points From This Episode:

  • More about Facebook’s cryptocurrency: what it is, founding members and how it’s governed
  • What the Libra Association will be responsible for and what its mission entails
  • The areas in which we believe bitcoin succeeded and failed to succeed in
  • Where Libra fits into the other blockchains and coins available on the market
  • The two primary record keeping models: unspent transaction output and account based
  • How, after failing to act against Bitcoin, the regulatory environment is responding to Libra
  • Weighing up the success of payment platforms initiated by Facebook and WeChat
  • Why governments in emerging markets likely don’t want Libra
  • The relationship between Libra and Calibra and the possibility of competing wallets
  • Predictions for the rollout of Facebook’s cryptocurrency

 

Tweetables:

“They basically found someone to point a finger to and that’s Facebook. With Bitcoin, it’s like, who do you point the finger to?”@yassineARK [0:14:17]

“They are not trying to gain control of this new money that they are creating. What they are trying to do is to be the primary interface to this new pile of money through their Calibra wallet.”@jwangARK [0:22:46]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Reimagining the Future of Smart Speakers

Reimagining the Future of Smart Speakers

 
 
00:00 / 00:23:50
 
1X
 

On this week’s episode of For Your Innovation, we’re talking to ARK analyst Nick Grous about the booming market for smart speakers. In just over four years, devices like Amazon Echo and Google Assistant have gone from niche toys to a mainstream device that’s found in many people’s homes across the world. We have a conversation about why they’ve become popular, the reason why they’re selling at such a low price and how its adoption into the market compares to the smart phone. We also talk about the Amazon Echo and Alexa and why they have not managed to develop a greater variety of apps compared to Apple’s App Store and what developers can do to improve traction. We get into the practical problems that are still being resolved with voice interfaces and its potential for revitalizing the market through interactive music, shopping and connecting home devices.

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Key Points From This Episode:

  • The high rate of smart speakers’ early phase adoption and the predictions for the next year.
  • Why smart speakers are currently selling at such low prices.
  • How their growing array of functions will keep increasing their popularity.
  • Imagining the different ways in which smart speakers can offer more.
  • Why Amazon Echo (Alexa) still has such a small number of apps despite being inexpensive.
  • Gaming as an important factor in Apple’s App Store success.
  • The differences between a mobile phone application and voice interface.
  • The high error rate with voice commands as a significant reason for slow adoption.
  • Revitalizing the market through interactive music, convenient shopping and connectivity.
  • The fundamental issues with smart speaker technology that needs to be resolved.
  • Natural language processing of voice assistants as an area that still needs attention.
  • The voice problem in commerce and how it could be overcome.

 

Tweetables:

“To be able to have their voice assistant in the center of your home, answering questions, controlling devices, that’s invaluable to a company like Amazon or Google.”@GrousARK [0:03:37]

“If you look at three avenues, I think this is what’s going to revitalize the market: music, shopping, and connectivity.”@GrousARK [0:17:05]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Future of AI Hardware with James Wang

The Future of AI Hardware with James Wang

 
 
00:00 / 00:25:58
 
1X
 

On today’s episode we welcome back our very own James Wang to talk about the future of AI hardware and his recent talk at the CogX event. With a definite move back towards fabrication and production of chips in Silicon Valley, the future of technology in both America and abroad is in just as much transition as ever. James informs us on what the industry and related fields look like right now, how this will all translate into the marketplace and the effect that it will have on companies and customers. We discuss the last year in chip fabrication and think about the years ahead; what vertical and horizontal integration can we expect? We talk about how the field is placed geographically and China’s commitment to industry and market leadership by 2025. We also get into the implications for the autonomous driving market as takes shape.

Key Points From This Episode:

  • Comparing this year’s CogX event to the one last year
  • The current startup costs and landscape for chip fabrication
  • Competition, opportunity, training and inference in the field of ai hardware
  • How to think about the market size and the pricing implications
  • AI training as a continuous process as data sets grow over time
  • How it translates in the autonomous driving market
  • Breaking down the geographic placement of the startups in question
  • Horizontal and vertical players in the field and how this differs to the PC era
  • The three main conclusions; the rise of China, vertical integration and optical computing
  • Looking forward to the possibility of quantum computing

 

Tweetables:

“What is really interesting is that semiconductors are the new black again. Venture capitalist have once again poured money back into chip companies.”@jwangARK [0:02:07]

“For companies that are truly operating on this kind of scale, training is a continuous process because they’re trying to improve the accuracy of the networks.” —  @jwangARK [0:08:20]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

A New Way for Investors to Be Heard, with Zach Hascoe from Say

A New Way for Investors to Be Heard, with Zach Hascoe from Say

 
 
00:00 / 00:28:27
 
1X
 

On the show today we are joined by Zach Hascoe, co-founder of Say, a company dedicated to giving a voice to all shareholders. Say is an innovative investor communications platform that appears to be transforming the way that companies and shareholders communicate and interact. They are doing this through a verification and democratization process, in which investors of any size are able to question and engage the companies where they own shares. Zach believes this gap in the market is an essential one to fill and has already seen great results on the platform. In our conversation we cover the required background and impetus behind Say’s emergence, the problems that the platform addresses directly and how the company is going about approaching potential clients. Zach explains how he and the team are positioning Say at the moment and the way in which he imagines their position growing. He explains their verification procedure and much more so make sure to listen in with us!

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Key Points From This Episode:

  • Some background on Say, what it is and what they do.
  • Say’s view as to the biggest problem facing retail investors in today’s climate.
  • Why it is important to engage with companies with whom you own shares.
  • Say’s value proposition to new clients when pitching their service.
  • Timelines for asking questions on the platform.
  • The markets that Say is aiming at currently and in the future.
  • The relationship between Say and ARK Invest.
  • Verifying shareholders at a company with the help of Say’s platform.
  • Say’s internal values, tech stack and how they organize their engineering.
  • The rise of transparency and the democratization of the financial sphere.
  • Zach Hascoe shares his hopes and ideas for Say moving into the future.

 

Tweetables:

“We knew that there was a better way, we knew that people would care about these rights and we’re really excited to power a much deeper experience for investors.” — @zhascoe [0:02:49]

“Being a verified owner and thinking like an owner is really what we’re hoping to impart on people and through that, people will realize that their voice does matter.” — @zhascoe [0:04:17]

“That’s what we’re hoping to create on the platform. An ability for thoughtful ideas to rise to the top and for companies to be able to see what the most engaged investors care most about.” — @zhascoe [0:05:57]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Genomic Revolution with Prof. Dr. George Church

The Genomic Revolution with Prof. Dr. George Church

 
 
00:00 / 00:43:30
 
1X
 

Today on FYI – For Your Innovation we are joined by Dr. George Church for a high-level discussion with ARK’s genomics analysts, Simon Barnett and Manisha Samy, on the current and future status of the field of genetics. Dr. Church is a pioneer of synthetic biology and an influencer in the field of genomics. He is a Professor of Genetics at Harvard Medical School, the Director of personalgenomics.org and a cofounder of a multitude of companies! His innovations have led to technological breakthroughs in the areas of next generation DNA sequencing and CRISPR gene editing, amongst many others. Our conversation in this episode covers a wide range of topics within genomics including next generation oncology, the security and regulation of genetic information, gene editing and the increasing speed of the genomic revolution. Dr. Church really gives us the inside and expert scoop and how exciting things in his world are and how this may become more of a reality for all of us sooner than you think. For all this and more be sure to join us!

 

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Key Points From This Episode:

  • Genomic Revolution: Cost decline and unlocking new possibilities in the field of genetics
  • Obstacles that stand in the way of the zero dollar human genome
  • Increasing population genomics as a means to more accurate tests
  • The future of health care as new technologies converge
  • Why we should not be underestimating the speed of the revolution
  • What our ability to edit 13,000 sites in a single cell means in real terms
  • The ultimate goal of the human genome project and creating a synthetic reference
  • Our computational power in dealing with these huge amounts of data
  • What these advances mean for the field of regenerative medicine
  • The possible efficacy of CAR T in fighting solid tumors
  • Competition, market leaders and driving down of prices of advanced products
  • Some of the technologies in the genome field that excite Dr. Church the most

 

Tweetables:

“There’s still a few remaining diseases that are not solved by vaccines and there are some synthetic biology solutions to those that may be even cheaper than vaccines.”@geochurch [0:14:03]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Additive Manufacturing at the Forefront of Innovation, with Peter Leys

Additive Manufacturing at the Forefront of Innovation, with Peter Leys

 
 
00:00 / 00:36:44
 
1X
 

On today’s episode your host and ARK analyst, Tasha Keeney, sits down with the chairman of Materialise, Peter Leys. Materialise NV (“Materialise”) is a leading 3D printing firm that specializes in software and solutions for 3D printing for the medical and manufacturing space. You might know the company for their Materialise Build Processor, one of the most commonly used pieces of software across many different 3D printing manufacturers. Peter has been with the company since 2013 but has long been involved in an advisory capacity and has witnessed Materialise’s development to date. We discuss the multitude of advantages of 3D printing, including significantly reducing production costs and enabling greater creativity and freedom of design. Peter talks about the different industries that can benefit from this technology and how the transformation from traditional manufacturing to additive manufacturing is a slow yet inevitable process. He also shares his views about the level of investor interest, what the main focus of Materialise is and how the market will increasingly become consumer rather than product orientated. Be sure to join us for more about the exciting world of 3D printing!

Disclosure: As of 4/30/19, ARK holds more than 5% of the shares outstanding for Materialise. 

 

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Key Points From This Episode:

  • How deciding on their IPO fits into their ‘built to last’ philosophy and vision for Materialise
  • Defining 3D printing and how if differs from subtractive and transformative manufacturing
  • Why greater complexity and freedom of design are possible with additive manufacturing
  • Reduced cost of variety and short time to market as some of the biggest advantages
  • The many different industries that can benefit from this level of customization
  • Using the eyewear industry as an example to illustrate the possibilities with additive printing
  • Why investors might still be hesitant and the unknown variable in the ecosystem
  • New opportunities for switching over to additive manufacturing in the medical field
  • Their focus on knowledge and communicating that knowledge to the world
  • Where Materialise is positioned in the market and how they collaborate with other companies
  • Timing and attracting talent as two major challenges they face as an innovation company
  • Shifting from a product-centered to a consumer-centered economy

 

Tweetables:

“With additive, whether I am building layer by layer the very straightforward box or a very complex gearing wheel, cost basically remains the same. In other words, I can make very complex parts without adding much to the production cost.” — Peter @MaterialiseNV [0:06:32]

“But what makes it very unique is that the company has always been focusing on knowledge. We are selling knowledge. We are gathering knowledge about this new exciting technology and we want to share that knowledge with the world.” — Peter @MaterialiseNV [0:34:47]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Immunotherapy Part 2, with Dr. Daniel Chen MD PhD

Immunotherapy Part 2, with Dr. Daniel Chen MD PhD

 
 
00:00 / 00:55:39
 
1X
 

On today’s show we welcome Dr. Daniel Chen MD PhD, formerly Vice President, Global Head of Cancer Immunotherapy at Genentech/Roche and now Chief Medical Officer at IGM Biosciences to continue our current exploration of immunotherapy in the fight against cancer. In April we spoke to Charles Graeber, author of The Breakthrough, and today we are very lucky to welcome Dr. Chen, one of the leading pioneers of immunotherapy from Charles’ book. In the show he furthers our understanding of the state of cancer immunotherapy and its recent advancements. Dr. Chen expertly balances the excitement and passion around the amazing leaps that have been made with a keen sense of purpose and caution around over playing the hand medicine has currently been dealt. We chat about Dr. Chen’s own experience in the field over the last 20 years and what it has meant in the last decade to bring the latest drugs to market. Our guest unpacks a host of the technical terms and concepts, so that even the most uninitiated can grasp the basics of immunotherapy for cancer. We go on to talk about which forms of cancer are seeing the best results in response to immunotherapy and why, what the next few years may look like and the important role that big data, machine learning and AI can play in the progress we so badly need. For all this and more be sure to tune into our show today!

 

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Key Points From This Episode:

  • A quick overview of today’s episode.
  • The evolution of immunotherapy in the fight against cancer.
  • The period from 1993 to 2010 before immunotherapy came to the fore.
  • Stages in the process of bringing immunotherapy drugs to market.
  • Why immunotherapy is so effective in highly mutated forms of cancer.
  • Comparing the results from before and after the advancement made in 2010.
  • Where to go with immunotherapy from here?
  • The necessary advances in the field to improve upon the number of patients “cured”.
  • The contrast between human science, big data and machine learning.
  • The treatment of solid tumors with these therapies.
  • Tools that will be fundamental to developing the next generation of treatments.
  • Considering the role of the gut and the microbiome.
  • Increasing amounts of scientists and students in the immunotherapy field.
  • Chen’s time at Genentech and Roche and his recent move to IGM.
  • The importance of advancements in our understanding of checkpoint inhibitors.
  • China’s role in this field of therapy and thinking about the future, and it’s acceleration in moving new approaches into the clinic, compared to previous development timelines.
  • Considering the role of CRISPR in human therapeutics.
  • Exercising caution in moving forward in these unchartered territories.

 

Tweetables:

“There’s no doubt that we’re at a very special moment in the history of science or medicine.”@DanChenMDPhD [0:03:48]

“The beauty of the human immune system is the human immune system is complex, it’s dynamic. It can grow and look for different things that are wrong about those cancer cells and eliminate them.” @DanChenMDPhD [0:07:01]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Artificial Intelligence in China with Jeffrey Ding

Artificial Intelligence in China with Jeffrey Ding

 
 
00:00 / 00:45:58
 
1X
 

Today on the show we are joined by Jeffrey Ding, creator of the ChinAI newsletter. He is here to tell us all about his work in the AI field and his focus on translating the developments from China to a more western audience. We start off by talking about the reasons why he started his newsletter, namely that the AI community in China are mostly abreast of advancements from the US and UK, while the same cannot be said in the opposite direction. This language asymmetry, as Jeffrey calls it, means there is a gap in the knowledge base in the Americas and Europe around the burgeoning Chinese AI scene. Jeffrey answers a host of questions around rumors and myths related to China’s forays into AI and unpacks some of the key concepts including semiconductors, the facial recognition field, data labelling and data leakage. He brings into contrast many common ideas that misrepresent the state of technology and its motivating factors in China and does a great job of clarifying important touch points such as privacy and government policy. For this fascinating chat, be sure to tune in!

 

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Key Points From This Episode:

  • Understanding the concept of language asymmetry
  • Improvement in the understanding of Chinese AI developments
  • Weighing China’s AI research against that of the west
  • Sensationalizing the AI rivalry between China and the US
  • Why would China still be at a disadvantage at this stage
  • The facial recognition market and accounting for the successes of certain firms
  • The history of data labelling and annotation in China
  • Comparing the Chinese values around privacy and its permutations
  • Some examples of data leakage and cloud security breaches from China
  • Chinese equivalents of the Facebook saga in the west
  • The autonomous car battles in China
  • Research areas that Jeff will be pursuing in the near future
  • Chinese perspective and approached to the danger of super-intelligence

Tweetables:

Chinese people care about privacy. I think the difference is about the degree to which they care about privacy versus other tradeoffs and also what privacy means.”@jjding99 [0:28:19]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Analyzing India’s Digital Wallet Adoption After Demonetization, with Nicolas Crouzet and Filippo Mezzanotti

Analyzing India’s Digital Wallet Adoption After Demonetization, with Nicolas Crouzet and Filippo Mezzanotti

 
 
00:00 / 00:37:41
 
1X
 

Today Nicolas Crouzet and Filippo Mezzanotti, join us to talk about their research paper (joint with Ph.D. student Apoorv Gupta), which explores the digital wallet adoption in India, after the country voided the two largest denominations of its fiat currency in circulation in 2016. Both Nicolas and Filippo are professors of finance at Northwestern University’s Kellogg School of Management. The paper, called Shocks and Technology Adoption: Evidence from Electronic Payment Systems, investigates the diffusion of technologies subject to positive adoption externalities and argues that “in the presence of externalities, large, temporary shocks can lead to persistent waves of adoption.” They share some insight into what led to the demonetization and the effects it had, along with what the long-lasting implications of the shock have been in relation to digital payments. They also explore some of the global payment trends and discuss where India fits into the picture of payment digitization. For all this and much more, join us today!

 

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Key Points From This Episode:

  • What Nicolas and Filippo aimed to explore in writing this paper
  • What the reason for India withdrawing 80% of their money was
  • How the shock affected electronic payments
  • Digital wallets contribute to financial inclusion in developing countries
  • What network externalities are and how they affect FinTech adoption
  • How coordination problems can hinder the adoption of new technologies
  • What good and bad equilibrium are in the context of technology adoption
  • How aggregate shocks can coordinate technology adoption
  • Why consumers can drive network effects
  • How the demonetization affected Indian consumers
  • The policy lessons from India and how governments and companies can ensure equal adoption

Tweetables:

“The bank account penetration is really not that high in a lot of developing countries, but what is high is the mobile phone penetration.”@mfriedrichARK [0:12:45]

“One way to get around it and try to create more equal adoption is having a longer lasting policy.”@filomezza [0:32:26]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Immunotherapy and the race to cure cancer with Charles Graeber

Immunotherapy and the race to cure cancer with Charles Graeber

 
 
00:00 / 00:50:03
 
1X
 

Today’s guest is Charles Graeber (@charlesgraeber), author of the book The Breakthrough: Immunotherapy and the Race to Cure Cancer. Charles tells us about the amazing strides that have been made recently in finding a cure for cancer. The progress is so notable that Charles was comfortably able to use the word ‘cure’ in the book’s subtitle! That means that cancer is on the way to becoming not just treatable but actually curable for millions of people all over the world. The book and today’s conversation center around the fact that up until now, researchers have been on the wrong trail when it comes to finding the answer posed by this deadly disease. Immunotherapy works by leveraging our body’s own immune system to kill cancer cells, which was previously considered impossible by the scientific community. Charles unpacks some of the history of these ideas, why they have remained on the fringes for so long and why they are now being viewed in a new light. We discuss broader trends in medicine and tech and Charles goes quite in-depth explaining what we know so far and how it is and might be used going forward. For an inspiring chat on this life-changing topic, be sure to join us!

 

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Key Points From This Episode:

  • The excerpt article that sparked this conversation
  • Using the term ‘cure’ in the context of cancer and the role of our immune system
  • A solution from inside the body through immunotherapy
  • The history of immunotherapy and its development over the last century
  • Why immunotherapy has not been popularly explored up until now
  • How medical funding and trends play into finding cures
  • The way in which cancer cells have evolved over the course of history
  • A recap of the recent and current immunotherapy treatments for cancer
  • The synergy of immuno and chremo therapies
  • Understanding CAR T-cells and adoptive cell transfer therapies
  • The ubiquity of cancer’s intrinsic immune inhibitors
  • Looking at the continuum of this therapy that started with Coley
  • The most exciting recent discoveries in this field.

Tweetables:

“Put very simply, the immune system’s designed to recognize what’s not supposed to be in the body and get rid of it.”@charlesgraeber [0:19:31]

“It’s like losing your car keys somewhere in New York City, that’s what trying to cure cancer looked like. Now we know that we’ve lost our car keys in this one room.” @charlesgraeber [0:25:22]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

What’s New In Cloud Computing, with James Wang

What’s New In Cloud Computing, with James Wang

 
 
00:00 / 00:24:58
 
1X
 

On today’s episode, James Wang, web analyst at ARK Invest, joins us again to provide his always valuable insights—this time about IT and the cloud. While these topics may not seem as exciting as more talked about tech topics, interestingly enough we believe enterprise computing is valued at an estimated four trillion dollars. James talks about the history of cloud computing and how it has progressed to where it is today as well as its current trajectory. He also discusses some of the current big players and what inroads are being made by them and where they may be falling short. James makes the case for cloud computing and argues, as it currently stands, it is only the tip of the iceberg. Tune in to find out more about the exciting future of cloud computing.

 

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Key Points From This Episode:

  • How Amazon disrupted the market with cloud-based computing
  • Why new companies are able to build infrastructure solely on public cloud
  • What a hybrid cloud is
  • How Nutanix has been able to grow so quickly
  • James’ top three companies in public cloud
  • The difference between Nutanix and Anthos
  • Why Google may not be able to break into the cloud market
  • How IT spending is shifting
  • A shift has happened from consumer to enterprise computing
  • Whether China has seen an explosion in enterprise

 

Tweetables:

“The reality is that is it not really dictated by what is best. It is dictated by what works best for my reality.”@jwangARK  [0:18:28]

“In the transition to public cloud we are about one third there.”@jwangARK [0:20:53]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Innovation Pipeline with Prof. Steve Masiclat

Innovation Pipeline with Prof. Steve Masiclat

 
 
00:00 / 00:34:36
 
1X
 

On the show today we welcome Professor Steve Masiclat (Newhouse School, Syracuse University) to explain his ideas around the innovation pipeline and the issues he sees arising when it comes to reaching the next level of disruptive innovations. Buckle up for this episode, as we are diving deep into AI and big data. In our discussion we cycle through many examples from the technology world, in particular AI, and use these to explore what Steve argues is a lack of sufficient expertise to further the fields of research study that are currently available to us. We talk about deep neural nets, uneven distribution of technology and expertise, and the slowing effect this may have in the tech fields. We also discuss the different arenas in which research takes place, contrasting the strengths and weakness of academia, industry and startups. Lastly, Steve shares some perspective on his years of teaching and things that have changed over time. He contrasts student attitudes, technologies and social settings. For all this and a whole lot more, be sure to join us today on the For Your Innovation podcast!

 

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Key Points From This Episode:

  • The issue that Steve is identifying in the innovation pipeline.
  • The example of signal degradation in deep neural nets
  • Misclassification and the care that’s needed for variables
  • The lack of real experience wielding necessary mathematical tools
  • A slowing down in technological research advancements
  • The uneven distribution of futuristic tech advancement
  • Disparity between interest and necessary qualification in the data field
  • Steve’s thoughts on the industry driven research initiatives
  • Academia, startups and pushing the frontiers of knowledge
  • Contrasting attitudes towards tech over the last ten years
  • Do we still need universities?

Tweetables:

“One of the things I noticed is there are many calls for building and extending our educational capacity. Especially in advanced science, advanced data science and mathematics.” —  @masiclat [0:04:19]

“I’m just looking at a capacity problem. Who is going to do the research?” — @masiclat [0:16:39]

“While there may be a pipeline issue in my industry in education, there is no issue in human ingenuity.” —  @masiclat [0:34:03.0]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Israel Innovation with Yishai Fraenkel

Israel Innovation with Yishai Fraenkel

 
 
00:00 / 00:32:18
 
1X
 

On today’s episode, Yishai Fraenkel, Director General and Vice President at The Hebrew University of Jerusalem joins us to give insight into the interesting topic of Israeli innovation. He has nearly 20 years of experience with Intel, where he worked in new technology, with a focus on artificial intelligence and computer vision and has now been working at the university for over two years. He discusses some of the factors, both socially and culturally, which foster the Israeli ability to innovate, as well as why he is passionate about research and how his university is trying to bridge the divide between fundamental research and industry. He also shares how students have changed over the past decade, why patience is necessary when it comes to innovation and which fields of research most excite him. For all this and much more, join us today!

If you want to learn more about Israel Innovation, check out NEXUS:Israel. This an interactive conference uniting the leading finance, investment and business professionals with the most prolific innovators from the spheres of nanotechnology, computer, health, agriculture, environmental and life sciences, to build capacity for the next generation of technology investment, commercialization and knowledge exchange.

You can REGISTER HERE.

 

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Key Points From This Episode:

  • Which three things Israel has that contribute to its innovation success
  • How questioning the way things are done can lead to innovation
  • Why Yishai believes research to be so important to innovation
  • Results from research do not always show right away
  • Examples from Hebrew University of how industry and academia have managed to coexist
  • Entrepreneurship is important, even for social initiatives
  • Things that have changed with students over the past 15 years
  • The difference between information and knowledge
  • How to find the balance between specialization and cross disciplinary knowledge
  • Global initiatives Hebrew University is taking

Tweetables:

“The culture of dispute, of argument does lead very often to superior products” — Yishai Fraenkel  [0:05:48]

“The student is not this passive vessel.” — Yishai Frankel [0:14:43]

“The academic world is a world without borders.” — Yishai Frankel [0:29:50]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Adapting to Fintech, with Nicolas Grous and Max Friedrich

Adapting to Fintech, with Nicolas Grous and Max Friedrich

 
 
00:00 / 00:58:30
 
1X
 

On this episode we share highlights from a recent event hosted by ARK Invest called “Adapting to Fintech”. Nicolas Grous, ARK’s Trading and Research Associate and Max Friedrich, ARK’s Fintech Analyst, are presenting clips from the event’s panel discussion and delve further into the topics explored. Adapting to Fintech offered an in-depth analysis into how technology is disrupting capital markets and what it means for business and investing. The panel was moderated by Bob Pisani, “On-Air Stocks” Editor at CNBC, and consisted of subject matter experts across industries, including:

  • Karen Snow– SVP and Head of East Coast Listings and Corporate Services at Nasdaq
  • Laura Morrison– SVP and Global Head of Listings at CBOE Global Markets
  • Dominic Holland– Head of Fixed Income Electronic Markets at BNY Mellon Markets
  • Morgan Dunbar– Partner at Bendigo Partners
  • Cathie Wood– Founder, CEO, CIO at ARK Invest

Nick and Max offer a deep dive into what drives fintech and its development trajectory, the role of data in various sectors, which companies are leveraging data in interesting ways to create new business models, and how fintech innovation shapes up in the public vs. private markets. For an interesting conversation about everything fintech, make sure to tune in.

 

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Key Points From This Episode:

  • What disruptive technologies are all about
  • The three driving forces behind fintech, according to Max
  • Fintech enables different business models
  • The opportunity of the unbanked
  • The reason mobile payments have exploded in China
  • The role data plays in fintech
  • What InsureTech is and some examples from it
  • Valuations in the private vs. public sector
  • Why Max thinks innovation doesn’t only happen on the private side
  • Why we believe Unicorns are on average overvalued by 50%
  • The most exciting fintech developments

Tweetables:

“Someone once said I believe in the future, because that’s where I spend the rest of my life.” — @BobPisani [0:04:24] 

“Fintech today is, where social media was in 2006.” — @mfriedrichARK [0:08:44]

“90% of the world’s data didn’t exist two years ago.” — @Morgan Dunbar [0:26:16]

“In the private markets, there’s too much money, chasing too few opportunities.” — @CathieDWood [0:45:30]

“If we are talking about the products of the future, which are going to be data driven,[…] companies with large scale will have a competitive advantage.” — @ mfriedrichARK [0:46:27]

 


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

An Exponential View of the Future, With Azeem Azhar

An Exponential View of the Future, With Azeem Azhar

 
 
00:00 / 00:40:31
 
1X
 

On the show today we welcome none other than Azeem Azhar, early stage investor and founder of the Exponential View newsletter and podcast. Azeem is here to talk to us about his own work in covering the latest and most innovative developments in technology as well as comment on the current startup and tech landscape, the European market, and offer some exciting future predictions for our listeners! We discuss his audience and the mutually generous relationship he shares with them, some of Azeem’s concerns for the near future, nano satellites and of course, the cloud. Azeem offers first hand insights into the differences between the startup scenes in the US, Europe, and China and the reasons for these disparities. He also comments on the increasing speed of the innovation cycle and moving past Moore’s Law into new territory. For this great conversation, be sure to join us today!

 

 

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Key Points From This Episode:

  • The intersection of ideas that inspired Azeem’s newsletter, Exponential View
  • Future risks and things that should be taken more seriously now
  • Technology rollouts and some of the current hazards
  • The absence of European companies at the top of the technology ladder
  • Key influential factors in the different national tech and startup statistics
  • European companies that might break into the higher circles soon
  • The innovation cycle and why Azeem is so excited about nano satellites
  • Imagining the end point of the historical development of cameras and video footage
  • Edge computing and the balance of local computing

 

Tweetables:

“The balance of how we think about technology has changed over the last five years.” —  @azeem [0:05:58]

“There are lots and lots of calls for facial recognition and then by extension, biometric recognition to need to come under some kind of regulatory blanket.”@azeem [0:08:56]

“That line was previously drawn by the limits of the technology. The technology is now increasingly unlimited so we have to ask that ethical question to where do we want that line to be.”@azeem [0:12:07]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Future of Food Delivery with James Wang

The Future of Food Delivery with James Wang

 
 
00:00 / 00:24:51
 
1X
 

Food delivery platforms like GrubHub, Uber Eats, and Meituan are taking over the world. In this episode, ARK Internet Analyst James Wang shares his insights on the food delivery business and why he thinks this industry is about to take off now. He talks about the changing nature of our food consumption patterns and admits he’s guilty of ordering more food than the average US citizen. James tells us more about the growing penetration of food delivery platforms, the complexities of marketplace businesses, and why he considers them three sided networks. We discuss food delivery services in China and explain what “dark kitchens” are. Join us for a great episode as we learn more about the future of food delivery services!

 

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Key Points From This Episode:

  • Why internet companies are successful
  • What the next wave of internet businesses can look like
  • Why food delivery services are taking off now
  • What delivery services mean for restaurants
  • Marketplace businesses are three sided networks
  • The current penetration of food delivery services
  • Explosion of food delivery in China
  • Autonomous driving may be the future of food delivery
  • What dark kitchens are

Tweetables:

“Where we see a marketplace business, we have very attractive economics.” —  @jwangARK [0:05:00]

“It is a few humans guiding the robots and they are just pumping out chicken salads like no tomorrow.” — @jwangARK [0:22:20]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Evolving Narratives in the Crypto Space with Andreas M. Antonopoulos

Evolving Narratives in the Crypto Space with Andreas M. Antonopoulos

 
 
00:00 / 00:33:06
 
1X
 

On the show today we welcome Andreas M. Antonopoulos (@aantonop) to chat with us about his perspectives on the current crypto space, the contrasting developments of Bitcoin and Ethereum, and the massive role that design choices play in the future of these two currencies. We also welcome cryptocurrency analyst Arjun Balaji (@arjunblj) as a co-host for this episode. Together we field some introductory and more complex questions on ways in which Bitcoin and Ethereum compete, could potentially replace each other, and areas in which their goals might overlap. We talk about ideological choices from consumers, some of the pitfalls of Ethereum and why he has very little interest in which is the better investment. Andreas also explains scaling solutions and privacy concerns. For all of that and more, tune in today!

 

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Key Points From This Episode:

  • Comparing the paths and goals of Bitcoin and Ethereum.
  • Considering the idea of one of the currencies replacing the other.
  • The privacy concerns and how they play into each culture.
  • Ideological alignment choices by consumers.
  • Andreas’ motivation for writing a book about Ethereum.
  • Potential pitfalls of Ethereum and Andreas’ biggest reservations.
  • Scaling solutions with regards to Ethereum.
  • Reconfiguring our perceptions of cryptocurrencies as tools for particular jobs.

 

Tweetables:

“The two systems have evolved, not in a random mutation, in a directed evolution perspective. That evolution has been informed by dozens and dozens of design choices.” — @aantonop [0:04:30]

“The early design decisions and tradeoffs that were made for Bitcoin made it suitable to be a very robust, very secure, nation state resistant, censorship resistant, form of global money.” — @aantonop [0:05:54]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

How Siraj Raval Built One of the Most Popular AI Channels on YouTube

How Siraj Raval Built One of the Most Popular AI Channels on YouTube

 
 
00:00 / 00:34:01
 
1X
 

In this episode of FYI, we chat with Siraj Raval, Director of the School of AI, data scientist, entrepreneur, and much more. Siraj is a leading YouTube educator on the topic of AI and has helped half a million subscribers stay abreast of AI and the latest developments in the field. Today we discuss what prompted his focus on AI in general and deep learning in particular. Siraj also explains some of the recent news stories that have excited him and what he thinks we should pay more attention to. He talks about DeepMind’s AlphaFold, Open AI, self-driving cars and AI text generation. For all this and more, join us on today’s episode!

 

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Key Points From This Episode:

  • The turning point when Siraj decided to focus on YouTube teaching.
  • Siraj’s unconventional and data driven approach to content creation.
  • Why Siraj thinks people should pay more attention to Deep Mind’s AlphaFold and China.
  • Comparing AlphaFold to previous algorithms for protein folding.
  • Understanding Open AI’s text generator.
  • Can we have intelligent AI without solving consciousness?
  • Scaling existing systems versus breakthroughs and leaps.
  • How Siraj has applied himself to public education instead of high profile company work.
  • A little bit more about School of AI.
  • Reasons for Siraj’s interest and belief in China.
  • And much more!

 

Tweetables:

“I mean the best we can do is to just try to make as many people as aware of this as possible and get as many different types of perspectives and cultures and value systems and genders and just all the different types of brains looking at this problem as possible.” — @sirajraval [0:19:22]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Evolution of The Rocket Industry with Eric Berger

The Evolution of The Rocket Industry with Eric Berger

 
 
00:00 / 00:23:12
 
1X
 

In this episode we are joined by special guest Eric Berger, the senior space editor for Ars Technica, as well as our very own automation, energy, and space analyst at ARK Invest, Sam Korus. Together we deep dive into the space industry, particularly the rocket industry, and discuss a new area of space exploration. We discuss how more affordable access to space will likely be a game changer and how it could open up a whole range of new business opportunities. For instance, why do companies and startups pursue global internet or commercial space travel? For an incredible conversation, be sure to tune in!

 

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Key Points From This Episode:

  • Hear more about Eric Berger and how he got into researching the space industry.
  • The evolution of the ecosystem to support the small rocket industry.
  • Understanding the foundational movement in aerospace called new space.
  • The reasons why companies are going after global internet.
  • The premise behind the Space X business plan – offering relaunch ability and reusability.
  • NASA’s research program on supersonic air travel.
  • Why smaller companies are willing to innovate while established players are playing it safe.

 

Tweetables:

“Space X needs more competitors, I think, to really see the price drops that they advertised in the past.”@SciGuySpace [0:12:00]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

On the Road to Full Autonomy With Elon Musk

On the Road to Full Autonomy With Elon Musk

 
 
00:00 / 00:29:09
 
1X
 

Today we are thrilled to be in Fremont, CA with Tesla CEO Elon Musk. In this episode Tasha Keeney, Analyst at ARK Invest and Cathie Wood, Founder, CEO, and CIO at ARK Invest chat with Elon about the future of Tesla and autonomous driving. The podcast conversation kicks off by sizing the upcoming boom in global electric vehicle demand which leads into a discussion around linear versus exponential growth. Elon explains Tesla’s competitive edge against autonomous driving peers like Waymo and talks about a key upcoming milestone for Tesla, which he thinks most people are overlooking. Elon shares his insights about Tesla’s autonomous strategy, and the timeline of how the process is laid out. We also discuss the autonomous driving regulatory environment and the crucial role that machine learning plays in getting full autonomy on the roads. For an incredibly insightful conversation do not miss out on this podcast episode.

 

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Key Points From This Episode:

  • Sizing the market for electric vehicles
  • Tesla’s competitive advantage in data collection
  • The roll out strategy for fully autonomous driving features
  • Regulatory response and safety proof points
  • Why Elon believes Tesla has the best people to solve this problem.
  • Importance of consumer use of autopilot to further the process.
  • The balance between hardware and software to achieve full autonomy
  • Tesla’s approach to letting other automakers use their technology.
  • Curveball Question: What does Elon think about Bitcoin?

 

Tweetables:

“Small changes in the calendar breakpoint have enormous percentage differences. The time difference is small, but the percentage difference is enormous.”@elonmusk [0:06:07]

“People think sometimes that I’m like a business person or finance person, or something like that. I’m an engineer. I do engineering, always have.”@elonmusk [0:12:33]

“The reason Tesla is making rapid progress is because we have vastly more data, and this is increasing exponentially.”@elonmusk [0:17:01]

“No matter how you slice the data, it is unequivocal at this point that it’s safer to have autopilot on.”@elonmusk [0:20:11]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Effects of Automation and Robots in the Food Industry with Sam Korus

The Effects of Automation and Robots in the Food Industry with Sam Korus

 
 
00:00 / 00:13:02
 
1X
 

We are joined by our very own automation, energy, and space analyst, Sam Korus. Our topic of conversation is automation in the food industry and how robotics “in front and back of house” might change the industry. A simple reaction to more automated jobs is that it decreases the demand for human roles. However, Sam explains how further automation can actually stimulate human employment through price drops and demand increases. We chat about what sorts of roles can be fulfilled by robots currently and the types of services that are already in place in certain locations. Sam quickly explains how the predicted job increase could work and shares with us his research findings for automation in the food industry. Sam will talk about collaborative robots, use cases coming out of China, and more.

 

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Key Points From This Episode:

  • Why more automation and robots could actually increase job numbers.
  • Obvious options for automation in the food industry.
  • An overview of the predicted results of higher automation.
  • The statistical growth we could see in the US food industry.
  • Collaborative robots and “back of house” use cases.

 

Tweetables:

“We wanted to kind of tackle this in a quantitative way, to show, you could have robotics enter an industry and create growth in that industry without destroying jobs.”@skorusARK [0:01:31]

“When we’re looking at it, we say that if the price elasticity of demand is greater than productivity improvements, then that should create jobs.”@skorusARK [0:02:09]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Economics, Trade Relations, And Innovation — Recognizing Investment Potential with Dr. Art Laffer and Cathie Wood

Economics, Trade Relations, And Innovation — Recognizing Investment Potential with Dr. Art Laffer and Cathie Wood

 
 
00:00 / 00:33:42
 
1X
 

Welcome back to FYI, the For Your Innovation Podcast from ARK Invest. Today on the show we are joined by two special guests. First we have, Catherine Wood CEO and CIO of ARK Invest, as well as a her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. You might know Dr. Laffer from his famous Laffer Curve. He first gained prominence during the Reagan administration as a member of President Reagan’s Economic Policy Advisory Board. Dr. Art Laffer is also the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Investments, an institutional investment management firm utilizing diverse investment strategies. In today’s episode we reflect back on Dr. Laffer’s time in the Reagan administration, and what technology and economics was like back in the 80s. We also unpack exactly how the Laffer Curve works, and why cutting taxes can actually result in generating more income for a country as a whole. Finally, we dive into the intricacies of the US-China relations, why they are critical for economic advancement, and the incredible opportunities that lie within free trade. For all this and more, be sure to listen in to today’s episode!

 

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Key Points From This Episode:

  • Laffer’s introduction to ARK Invest and his first impressions.
  • Reflecting back on the 80s and Dr. Laffer’s time in the Reagan administration.
  • The technology perspective of the 80s: the technology boom cycle.
  • A brief overview of the Laffer Curve, and why it was created.
  • Recognizing the benefits of cutting tax rates to generate more income.
  • The current state of where the US economy is headed.
  • Laffer’s view on today’s US and China relations
  • Importance of a great trading relationship with China.
  • What free trade would do for the markets; investment attraction.
  • Books Dr. Laffer is reading that are exciting from a technology perspective.
  • Understanding the pro-cancer narrative of the future.

 

Tweetables:

“Nostalgia always creates an image of the past that isn’t true.” — Dr. Art Laffer [0:06:24]

“Technology is not new, but it’s a different form today.” — Dr. Art Laffer [0:09:25]

“Every time we’ve cut the highest tax rate, tax revenues from the top 1% of income earners have gone way up, not down.” — Dr. Art Laffer [0:12:32]

“I see no reason why China and the US shouldn’t be the closest allies ever.” — Dr. Art Laffer [0:21:55]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

The Bitcoin Centralization Narrative with Yassine Elmandjra

The Bitcoin Centralization Narrative with Yassine Elmandjra

 
 
00:00 / 00:29:56
 
1X
 

In this episode we are joined by our very own crypto-analyst, Yassine Elmandjra, to talk about the idea that Bitcoin is becoming increasing centralized. This narrative has been growing over the last while with bigger entities supposedly controlling larger portions of the blockchain. Yassine shares his perspectives, ultimately showing that this argument has some serious flaws and that the blockchain has attributes that can prevent so-called “market control”. In our discussion, we cover the basics on the blockchain, mining, and the threat of a “51% attack” before going on to talk about pool centralization and its non-desirability. All of this is explained with the history of Bitcoin in mind. We are looking at the developments in blockchain technology from the last few years. For all this and much more, be sure to tune in!

 

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Key Points From This Episode:

  • Why does it matter if Bitcoin is becoming more centralized?
  • Understanding mining and the basics of the blockchain.
  • 51% attacks, Bitmain and mining equipment.
  • Looking at the evolution of Bitcoin mining since 2009.
  • Assessing the threat of mining pool centralization.
  • Reasons why it is not really desirable or feasible to gain 51% of any mining pool.
  • The changes in concentration in the Bitcoin blockchain.
  • The improvement in mining pool concentration over the years.
  • Lowering electricity costs through stranded energy assets.

Tweetables:

“The claim that Bitcoin mining is centralized is largely overblown. Mining pool turnover is high and hashpower control continues to diffuse. Just in the last half of 2018, Bitmain’s mining pools lost 28% share.”@yassineARK


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Wright’s Law — Understanding Technology Cost Curves with Brett Winton

Wright’s Law — Understanding Technology Cost Curves with Brett Winton

 
 
00:00 / 00:29:29
 
1X
 

Our guest today is ARK’s very own Director of Research, Brett Winton. He is here on the podcast today to talk about the recent article he published titled Moore’s Law Isn’t Dead, It’s Wrong. Long Live Wright’s Law. In his piece and during this conversation, Brett unpacks the concepts in question and what sparked his desire to make this argument. He explains the popularity of Moore’s Law, used to forecast the growth of technologies, and goes on to show why he thinks it is not the best model for the task. Brett posits that Wright’s Law is better for this application and gives reasons and examples to back up his thesis. For instance, we will discuss electric vehicles, genome research, computing, and nuclear power. Be sure to join us on today’s episode!

 

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Key Points From This Episode:

  • Understanding the differences between Moore’s Law and Wright’s Law.
  • Applying Wright’s Law to electric vehicles and other potential markets.
  • Working elasticity of demand into the equation.
  • Using Wright’s Law to forecast the future of genome sequencing.
  • Looking forward to the possible futures of healthcare.
  • Declining demand for computational power and the arc of transistors.

 

Tweetables:

“We’ve applied Wright’s Law to electric vehicles, genome sequencing, robotics, and 3D printing. Anything where you’re manufacturing a physical thing, this law is very applicable.” @wintonARK

“Wright’s Law captures the fact that if there’s economic opportunity decision makers will throw more resources at it to win the market.” — @wintonARK


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Cryptoassets – A review with Chris Burniske of Placeholder

Cryptoassets – A review with Chris Burniske of Placeholder

 
 
00:00 / 00:49:31
 
1X
 

On the show today we welcome Chris Burniske of Placeholder, a venture capital firm that invests in cryptoassets. Chris is a friend and former colleague of ours at ARK Invest and he will be discussing all the latest developments in the crypto space as well filling us in on Placeholder’s projects and founding ideas. Yassine Elmandjra (ARK analyst) is also here to help conduct the interview and further our probing of Chris’ expertise. We aim to provide a review of the past year and get into the idea of defining a new economy before breaking down some of the key areas of interest relating to Bitcoin. Chris unpacks store of value and medium of exchange, what the future may look like, volatility and much more on the vanguard of the crypto world. The discussion turns to some other prominent cryptocurrencies before looking at regulation and global approaches to the growth of the cryptoassets. For all this and much more be sure to tune in! (Note: This episode was recorded 11/07/2018)

 

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Key Points From This Episode:

  • A recap of the last year for Chris and his venture capital firm Placeholder
  • Placeholder’s underlying and primary thesis.
  • Looking at Bitcoin since its inception
  • Weighing Bitcoin’s store of value versus it being a medium of exchange.
  • How to measure Bitcoin’s future success as a currency.
  • The long-term arc of Bitcoin’s volatility.
  • Regulation and “do no harm” sentiments in the crypto space.
  • The U.S. government’s role and involvement in the crypto space.
  • Looking at international attitudes towards crypto.
  • And much more!

 

Tweetables:

“We decided to raise a venture fund while most everyone was raising hedge funds at the time because for us a venture fund aligns the interests of the investor directly with the entrepreneur.”@cburniske [0:02:11.4]

“What is invariant is our close working relationship with every team.”@cburniske [0:03:57.8]

“I would say to distill it down, crypto assets are a new way to organize and incentivize human activity of all kinds.”@cburniske [0:07:49.8]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Building a Sustainable Future of Electric Powered Vehicles

Building a Sustainable Future of Electric Powered Vehicles

 
 
00:00 / 00:12:23
 
1X
 

Welcome back to another episode of the For Your Innovation Podcast. Today on the show we are joined by Sam Korus, ARK’s Thematic Analyst covering robotics, energy storage, and space exploration. In this episode we are going to talk about the fundamental materials you need to build a future powered by electric vehicles and digging into the question of whether or not the earth has enough of those core minerals, like lithium, cobalt, and manganese. Sam has been researching the fundamental ingredients of batteries and where we are in the state of batteries for a long time, so it is really exciting to get his take on exactly where we are and what research and innovation has planned for the next few years. For an incredible conversation, stay tuned to today’s episode!

 

Key Points From This Episode:

  • Primary industrial ingredients and elements we need for battery chemistry.
  • Understanding the global supply chain for a lithium ion battery.
  • Why commodity reserves should not be seen as stationary.
  • How new technology incentivizes and enables the increase of reserves.
  • The reason why Tesla is focusing on using less cobalt in their batteries.

 

Tweetables:

“For lithium, we have 400 years’ worth of reserve at current production level.”@skorusARK [0:03:32.4]

“It’s incorrect to think that reserves are stationary.”@skorusARK [0:04:28.1]

“The interesting thing about cobalt is that it’s a byproduct of nickel and copper mining, which means that you can’t open up a mine just to mine cobalt.”@skorusARK [0:08:02.1]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

CRISPR Controversy – A conversation with Stanford Prof. Henry Greely

CRISPR Controversy – A conversation with Stanford Prof. Henry Greely

 
 
00:00 / 00:33:42
 
1X
 

On the show today we welcome Professor Henry Greely from Stanford to talk a about the recent developments in the genetic field and particularly the latest controversy around CRISPR technology. Professor Greely is the Director at the Center for Law and Biosciences at Stanford, he’s a Professor of Genetics at the Stanford School of Medicine, and a Chair at the Steering Committee of the Center for Biomedical Ethics.

Inside this episode we get a background on gene-editing and CRISPR technology. Prof. Greely breaks down the basic story of Dr. He Jiankui, a Chinese scientist who conducted a gene-editing experiment with twin babies, causing serious concerns in the scientific community and raising ethical questions. From there we discuss alternatives to CRISPR and ways in which the technology could be utilized more conscientiously in the future. In this context, we will also give some attention to the global position of China and the political landscape. For all this and more be sure to tune in!

 

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Key Points From This Episode:

  • An outline of CRSPR and an introduction to today’s conversation on ethics
  • What Dr. He Jiankui has reportedly achieved with twin babies in China
  • CRISPR controversy: Weighing the risks and benefits of Dr. He’s experiment
  • Ways in which germ line editing might be used in the future
  • Looking at the germ line editing alternative preimplantation genetic diagnosis
  • How CRISPR might be used more ethically and safely
  • The far-reaching possible effects of this experiment in China
  • The current regulatory landscape of the genetic modification field
  • How China fits into the global field of ethics in science
  • Looking at a possibly bright future for CRSPR technology

Tweetables:

“My sense is he wanted to become famous in the worst possible way and he has become famous in the worst possible way.” — Prof. Henry Greely [0:06:46.6]

“One of the two most basic rules of human subjects research is the risks have to be justified by the potential benefits. The potential benefits have to be high enough to justify the risk you’re taking.” — Prof. Henry Greely [0:07:12.3]

 

Learn More about CRISPR: Read our article “Understanding DNA, The Human Genome, and the rise of CRISPR” and download our white papers on “The CRISPR Market Opportunity and Key Players” and “The CRISPR IP Landscape”.


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Amazon AWS – The Everything Store for Enterprise Computing?

Amazon AWS – The Everything Store for Enterprise Computing?

 
 
00:00 / 00:24:33
 
1X
 

Welcome back to a new episode of FYI, For Your Innovation Podcast, a podcast exclusively focused on disruptive innovation. Today on the show Yassine Elmandjra will be co-hosting the podcast with James Wang. We will be diving into the recent announcements at the AWS re:Invent Conference and what it means for the cloud computing space as a whole. Just how Amazon is the everything store for consumers, it seems like Amazon Web Services (AWS) is really the everything store for business and enterprise computing. Inside this episode we explore how Amazon has been able to take over an increasing amount of verticals, their shift into the enterprise software space, and how they are strategically eliminating the competitive edge of other companies with each new product release. We also dig into the importance of owning the customer relationship and why that has given Amazon a much greater insight into the consumer market on all fronts. For an incredible conversation on Amazon’s disruptive innovation, stay tuned in to today’s episode!

 

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Key Points From This Episode:

  • The increasing number of verticals covered by AWS
  • Amazon’s transition from the consumer stack to the business stack
  • Overview of the AWS Outposts feature: on premise cloud solution
  • Why on premise cloud has taken over at least half of the cloud market
  • How AWS Outposts differs from existing hybrid cloud solutions
  • Amazon’s own server chips: Graviton
  • How ARM based processors differ from existing chips
  • What it means for businesses to own the relationship with the customer
  • The benefit Amazon has from profiling billions upon billions of computations
  • Biggest takeaway from Amazon’s QLDB announcement

 

Tweetables:

“AWS can be considered the everything store for business and enterprise computing.” @jwangARK[0:02:43.1]

“Amazon is a very pragmatic company. So I would say that they are interested in growth and they’re interested in capturing the customer.”@jwangARK [0:08:34.5]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Micromobility and the Future of Transportation with Horace Dediu

Micromobility and the Future of Transportation with Horace Dediu

 
 
00:00 / 00:46:30
 
1X
 

In this episode of the For Your Innovation Podcast, we chat with Horace Dediu of Asymco about his ideas on micromobility. With the unpredictable and burgeoning market that Horace is immersed in and fascinated by, there is so much to unpack and discuss in terms of possibilities and implications. This discussion offers a large array of thoughts and considerations for anyone connected to the future of transportation. It seems clear that micromobility will be a force to be reckoned with in the world of transit as well as in the global economy. Horace expertly explains many of his thoughts and goes into detail regarding possible permutations across the subject. We talk business models and industry comparisons, as well as looking at the key areas in which micromobility battles will be fought. For a detailed and horizon expanding conversation, be sure to tune in!

 

Key Points From This Episode:

  • A definition of micromobility and how Horace started using the term.
  • Some of the factors that have led to the growing adoption of these modes of transport.
  • Who might win and lose as micromobility develops.
  • Range anxiety and how distance plays into the question.
  • Trip and distance data and what these can and cannot teach us.
  • The important competitive dynamics and business models right now.
  • The conditions that are necessary for more widespread adoption in the US.
  • Evolving infrastructure around charging of electric vehicles.
  • The role and place of manufacturing in the micromobility space.
  • An overview of Horace’s current theses on micromobility.
  • And much more!

 

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Tweetables:

“The way I talk about shared bikes and shared scooters is like the camera in your phone. It’s the best camera because it’s the one you always have with you. The best mode of transport is the one that’s easiest to access.”@asymco [0:13:08.3]

“You don’t measure demand for a bridge by counting how many people swim across the river. Once you’ve built a bridge, people cross it.”@asymco [0:19:18.7]

 

Learn more about Horace’s work:


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Understanding the Autonomous Vehicle Landscape and the Opportunity it Creates for Investors

Understanding the Autonomous Vehicle Landscape and the Opportunity it Creates for Investors

 
 
00:00 / 00:17:27
 
1X
 

Welcome to FYI, the For Your Innovation Podcast. This show offers an intellectual discussion on technologically enabled disruption, because we believe that investing in innovation starts with understanding it. Today on the show we welcome on Tasha Keeney, Analyst at ARK Investment, who covers autonomous transport and 3D printing. ARK is a leading investment manager focused on disruptive innovation that is changing the way the world works. ARK was formed to capitalize on the opportunities created by companies benefiting from technological change. Inside this episode, Tasha joins us to talk about the state of the autonomous vehicle landscape and the Mobility-as-a-Services thesis. We also dive into the different launching strategies for various autonomous car companies, predictions for the future of autonomous cars, and learning how to understand the potential opportunity for investors going forward. For all this and more, stay tuned for this incredible conversation.

 

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Key Points From This Episode:

  • Tasha’s view on what the autonomous car landscape looks like right now.
  • The differences between level four and level five autonomous cars.
  • Timelines for commercialization of Waymo and GM autonomous cars.
  • Discussing launch locations and strategies for Waymo and GM autonomous cars.
  • Tesla’s strategy for rolling out autonomous vehicles, and how it differs from Waymo and GM.
  • Understanding why LIDAR can be seen as a crutch for autonomous vehicles.
  • Mechanical, or spinning, versus solid state LiDAR.
  • The best way for investors to look at the opportunity of autonomous vehicles.

Tweetables:

“We know from the California published reports with the California DMV that Waymo’s traveling the most miles in between human interventions.” — @TashaARK [0:04:16.1]

“Globally, we think that Mobility-as-a-Service (MaaS) today in the equity markets should be valued at $2 trillion.” @TashaARK [0:14:41.1]


The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on ARK's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance is no guarantee of future results. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.

Welcome to FYI – The For Your Innovation Podcast by ARK Invest

Welcome to FYI – The For Your Innovation Podcast by ARK Invest

 
 
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Welcome to FYI! ARK’s podcast offers an intellectual discussion on recent developments across disruptive innovation—driven by research, news, controversies, companies, and technological breakthroughs.

In every episode ARK and guests provide a unique perspective on how to best understand disruptive innovation. We shine light on research, reports, and expert opinions­, with the goal to discuss what really matters and how to capture technologically enabled growth. Some of our first guests on this podcast include Horace Dediu, Chris Burniske, Ambassador Yossi Gal, Cathie Wood, and more.

Please feel free to reach out to us with topic ideas and suggestions for podcast guest.

We hope you enjoy the conversation!


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