Cathie Wood says a U.K.-founded company is "one of the best AI companies in the world." That's DeepMind, an artificial intelligence research lab acquired by Google in 2014 and founded in 2010. It now operates as Google DeepMind. "DeepMind … is one of the best AI companies in the world and has been very important, I think, to Google's evolution," Wood, Ark Invest's founder, told CNBC's " Squawk Box Europe " on Wednesday.
Wood said Wednesday that the "AI revolution is upon us and is going to change everything" despite fears that there will be a repeat of the dotcom bubble bust in the 1990s. "I think whenever there's a lot of excitement about a new technology and capital flows aggressively into the space, mistakes are going to be made," she said. "But we do believe it is an enormous opportunity.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Watch CNBC's full interview with ARK Invest CEO Cathie WoodCathie Wood, CEO of Ark Invest, discusses the tech space, monetary policy and Tesla with CNBC.
Source: CNBC - 🏆 12. / 72 Read more »
Cathie Wood says Tesla is the 'biggest AI opportunity in the world' todayShe explains why, and gives the stock a 2027 price target representing massive upside.
Source: CNBC - 🏆 12. / 72 Read more »
ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here's whyARK Invest CEO Cathie Wood said she did not participate in Arm's IPO last week, as the chip designer was overvalued relative to its competitive position.
Source: CNBC - 🏆 12. / 72 Read more »
ARK CEO Cathie Wood says she avoided the Arm IPO frenzy. Here's whyARK Invest CEO Cathie Wood said she did not participate in Arm’s IPO last week, as the chip designer was overvalued relative to its competitive position.
Source: NBCDFW - 🏆 288. / 63 Read more »
Cathie Woods' ARK lands on European shores with Rize ETF acquisition By ReutersCathie Woods' ARK lands on European shores with Rize ETF acquisition
Source: Investingcom - 🏆 450. / 53 Read more »
Balancing Act: A Day in the Life of Melissa Wood-TepperbergStep into the inspiring world of fitness founder and influencer Melissa Wood-Tepperberg. Discover the daily routines, wellness rituals, and secrets behind this influential figure's balanced life.
Source: Shape_Magazine - 🏆 21. / 68 Read more »