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After one of the roughest market weeks in recent memory, Cathie Wood takes apart the data center backlash using numbers from the communities that actually host them.
According to Ramp data, the top 1% of companies spend nearly $10,000 per employee per month on frontier artificial intelligence (AI) models. Everyone else spends $15. In this month’s “In The Know,” ARK Chief Executive Officer (CEO) and Chief Investment Officer (CIO) Cathie Wood explains what that gap says about how early this cycle is.
She also works through the midterm results and what they could mean for technologically enabled innovation. What did ARK get wrong about the Iran war? Why did state and local ballot initiatives tell a more balanced story than the Congressional result? And what do the loudest data center headlines leave out about the Virginia communities where property taxes fell and a high school gets built every year?
Then the numbers: brand new credit default swap data on the hyperscalers and CoreWeave, productivity growth, gold, and the humanoid robot opportunity. Cathie Wood also makes the case that the Consumer Price Index (CPI) and the Producer Price Index (PPI) understate AI software deflation, and what that could mean for inflation.
This episode opens with a tribute to John Nosta, a longtime friend of ARK and a regular voice on The Brainstorm since 2014, who passed away this week. His book, "The Borrowed Mind: Reclaiming Human Thought in the Age of AI," is available now:
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