AI assistants have the potential to disrupt both consumer services and entertainment. In terms of consumer services, AI assistants can simplify and streamline tasks by integrating with multiple apps and services. For example, instead of using multiple airline apps, a user can simply speak to their AI assistant to book flights and access other services. AI assistants can serve as both the application and the operating system, effectively obfuscating the app layer. This disruption in consumer services is likely to happen before it has a profound impact on entertainment platforms like Instagram or TikTok. In the context of entertainment, AI assistants can enhance the user experience by understanding user preferences and providing personalized recommendations. This eliminates the need for manual searching and scrolling, as the AI assistant can quickly present relevant options based on the user's preferences. This raises questions about the role of aggregators like Priceline and Expedia in this new environment.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
This week, Associate Portfolio Manager Nick Grous Autonomous Technology and Robotics Director of Research Sam Korus are joined by ARK Analyst Ali Urman, Research Associate Andrew Kim and Founder and CEO of Eternal Reggie James.
Key Points From This Episode:
- Intro
- Ozempic
- AI Wearables
- Tesla Price Cuts
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