Artificial Intelligence as the Backbone for the ARKQ ETF

In the universe of disruptive technologies, artificial intelligence is one of the deepest, most durable themes, and that status is meaningful to strategies like the ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ). ARKQ holdings "are focused on and are expected to substantially benefit from the development of new products or services, technological improvements and advancements in scientific research related to, among other things, energy, automation and manufacturing, materials, and transportation," according to ARK Invest. What makes AI an exciting investment prospect is its intersection with other disruptive growth themes. "We believe that since AI is embedded in many products and services, the cost and latency of running compute tasks on data center servers are more relevant and could become prohibitive," states ARK research. "Jem Davies, an ARM fellow, highlighted this point by explaining how a voice-enabled coffee maker could consume up to $15 a year in cloud computing costs. For applications like self-driving in which the decision time is critical, the latency and cost associated with servers hundreds of miles away could become life-threatening."