Big Ideas 2023 | Ark Invest: Artificial Intelligence as the most important catalyst for explosive growth, but low correlation with blockchain
Artificial intelligence ChatGPT has been hot this year. Ark Investment, focusing on innovative technology investments, believes that "Neural Networks," one of the methods of artificial intelligence, are the most important catalyst for explosive growth. Although digital wallets and cryptocurrencies are also on the list, in general, the relevance of blockchain technology to "Neural Networks" is the lowest among other innovative technologies.
Ark 2023 report article list:
1. Big Ideas 2023 | Artificial intelligence is the most important catalyst for explosive growth, but has low correlation with blockchain.
2. Big Ideas 2023 | Bitcoin price in 2030 will range from 25-148 million USD, depending on market conditions.
3. Big Ideas 2023 | NFT trading volume will increase fivefold in five years, reaching 120 billion USD in 2027.
Table of Contents
The Five Defining Technologies of the Technological Era
Ark Invest, led by Cathie Wood, believes that five innovative technologies will define the technological era: Artificial Intelligence, Public Blockchain, Multiomic Sequencing, Robotics, and Energy Storage. Artificial Intelligence includes neural networks, next-generation cloud, and AI devices. In the realm of public blockchain that the cryptocurrency community is concerned about, it includes cryptocurrencies, smart contracts, and digital wallets.
Artificial Intelligence is the Biggest Catalyst for Explosive Growth, Digital Wallets Follow
Ark Invest conducted numerous technology evaluations to select the technologies that can bring about explosive growth, with neural networks scoring the highest at 4.3 for catalytic capability, followed by digital wallets.
In the diagram on the right side below, the size of the dots represents the importance of the catalyst, and the lines connecting them represent their relevance to other technologies. The results show that neural networks have high relevance not only to AI technologies but also to autonomous driving and robotics.
Although there are AI-related projects in the blockchain ecosystem, Ark Invest believes that the development of neural networks has low relevance to digital wallets and smart contracts, and is irrelevant to cryptocurrencies.
