Bloomberg Talks Ark Investment CEO Cathie Wood Talks H-1B Visas, China Tech Sector, TikTok
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Sep 22, 2025 
Cathie Wood, Founder and CEO of ARK Invest, is a pioneer in thematic investing focused on disruptive innovations. In this insightful conversation, she discusses the implications of H-1B visa changes on Silicon Valley's workforce. Wood explores competition in the AI industry, comparing U.S. and Chinese tech valuations, and highlights the path toward AI profitability. She also weighs in on the unique situation of TikTok's U.S. takeover, calling it a special case, while expressing ARK's growing interest in Bitcoin and digital assets.
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H-1B Move Is Political Negotiation
- Cathie Wood sees the H-1B fee move as negotiation with India rather than a long-term policy shift.
- She expects the U.S. will ultimately loosen H-1B rules and retain foreign students educated here.
AI Reduces Coding Demand
- Wood argues H-1B tightening will accelerate firms' existing moves to train Americans and use AI tools.
- She highlights natural language programming and generative AI as productivity multipliers reducing coding demand.
China Embraced Open Source AI Fast
- Chinese tech valuations are roughly half U.S. levels and China is moving quickly into open-source AI.
- China adopted open source after Western firms pulled back from selling into China over IP fears.