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03 Apr 2023

Ark Big Ideas Innovation Platforms

Five converging innovation platforms define this technological era. By Cathy Wood and Investment team ARK Investment Management LLC, 2023
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Public Blockchains:
Upon large scale adoption, all money and contracts will migrate onto Public Blockchains that enable and verify digital scarcity and proof of ownership.The financial ecosystem is likely to reconfigure to accommodate the rise of Cryptocurrencies and smart Contracts. These technologies increase transparency, reduce the influence of capital and regulatory controls, and collapse contract execution costs. In such a world, Digital Wallets will become increasingly necessary as more assets become money-like, and corporations and consumers adapt to the new financial infrastructure. Corporate structures themselves may be called into question.

Artificial Intelligence
Computational systems and software that evolve with data can solve intractable problems, automate knowledge work, and accelerate technology's integration into every economic sector. The adoption of Neutral Networks should prove more momentous than the introduction of the internet and create 10s of trillion dollars of value. At scale these systems will require unprecedented computational resources, and AI - specific compute hardware should dominate the Next Gen Cloud data centers that train and operate AI models. The potential for end-users is clear: a constellation of AI-driven Intelligence Devices that pervade people's lives, changing the way that they spend, work and play. The adoption of artificial intelligence should transform every sector, impact every business, and catalyze every innovation platform. 

Multiomic Sequencing
The cost to gather, sequence and understand digital biological data is falling precipitously. Multiomic Technologies provide research scientists, therapeutic organizations and health platforms with unprecedented access to DNA, RNA, protein and digital health data. Cancer care should transform with pan-cancer blood tests. Multiomic data should feed into novel Precision Therapies using emerging gene editing techniques that target and cure rare diseases and chronic conditions. Multiomics should unlock entirely new Programmable Biology capabilities, including the design and synthesis of novel biological constructs with applications across industries, particularly agriculture and food production.

Energy Storage
Declining costs of Advanced Battery Technology should cause an explosion in form factors, enabling Autonomous Mobility systems that collapse the cost of getting people and things from place to place. Electric driven train cost declines should unlock micro-mobility and aerial systems, including flying taxis, enabling business models that transform the landscape of cities.Autonomy should reduce the cost of taxi, delivery and surveillance by an order of magnitude, enabling frictionless transport that will increase the velocity of e-commerce and make individual car ownership the exception rather than the rule. These innovations combined with large-scale stationary batteries should cause a transformation in energy, substituting electricity for liquid fuel and pushing generation infrastructure towards the edge of the network.

Robotics
Catalyzed by artificial intelligence, adaptive Robots can operate alongside humans and navigate legacy infrastructure, changing the way products are made and sold. 3D Printing should contribute to the digitization of manufacturing, increasing not only the performance and precision of end-use parts but also the resilience of supply chains. Meanwhile, the world's fastest robots, Reusable Rockets, should continue to reduce the cost of launching satellite constellations and enable uninterruptible connectivity. A nascent innovation platform, robotics could collapse the cost of distance with hypersonic travel , the cost of manufacturing complexity with 3D printers and the cost of production with AI-guided robots.

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