ARK Invest Big Ideas 2024 Report - AI, Robotics, Sequencing, Energy & Blockchain AZ TRT S05 EP16 (231) 4-21-2024    What We Learned This Week: ARK Invest Big Ideas Report 2024 by Cathie Wood & Team Topics: AI, Robotics, Sequencing, Energy, & Blockchain Impact on technology, economy, & people’s lives Disruptive Innovation will be the driving force in society     Topics: AI, Robotics, Sequencing, Energy, & Blockchain   From ARK Invest Website: The Big Ideas report is a comprehensive study of disruptive technologies, with more than 160 pages of analysis. To learn more about the research, you can visit here.     https://ark-invest.com/big-ideas-2024 BIG IDEAS 2024       Technological Convergence: Catalyzed by breakthroughs in artificial intelligence, the global equity market value associated with disruptive innovation could increase from 16% of the total[1] to more than 60% by 2030. As a result, the annualized equity return associated with disruptive innovation could exceed 40% during the next seven years, increasing its market capitalization from ~$19 trillion today to roughly $220 trillion by 2030. 60% The Global Equity Market Value Associated With Disruptive Innovation Could Increase To 60% By 2030 Artificial Intelligence: Scaling Global Intelligence And Redefining Work The convergence of hardware and software could drive AI training costs down by 75% at an annual rate through 2030. 75% AI Training Costs Should Continue To Fall 75% Per Year Bitcoin Allocation: Growing The Role Of Bitcoin In Investment Portfolios During the last seven years, bitcoin’s annualized return has averaged ~44%, while that of other major assets has averaged 5.7%. 44% During The Last Seven Years, Bitcoin’s Annualized Return Has Averaged ~44%. Bitcoin In 2023: Demonstrating Resilience And Recovery After Challenges In 2022 In 2023, bitcoin’s price surged 155%, reaching $827 billion in market cap. $827B Bitcoin Reached $827 Billion In Market Cap In 2023 Smart Contracts: Powering The Internet-Native Financial System If financial assets were to migrate to blockchain infrastructure at a rate similar to the adoption of the internet, and the take rates associated with decentralized financial services were a third those of traditional financial services, smart contracts could generate annual fees of more than $450 billion. $450B Smart Contract Networks Could Generate Fees Of $450 Billion In 2030 Digital Consumers: Transitioning Toward Digital Leisure According to ARK’s research, spending on digital leisure should take share from physical options and grow 19% at an annual rate during the next seven years, from $7 trillion in 2023 to $23 trillion in 2030. $23T Spending On Digital Leisure Could Reach $23 Trillion In 2030 Digital Wallets: Closing The Loop With Two-Sided Networks According to ARK’s research, closed loop consumer payments, merchant banking, and employee payroll/payments will increase select vertical software platforms' revenues by 22-33% at an annual rate during the next seven years, from $7 billion in 2023 to $27-$50 billion in 2030.[2] $27B+ Digital Wallets Could Grow Select Vertical Software Platforms' Revenues to $27-$50 Billion In 2030 Precision Therapies: Curing Disease More Efficiently And Less Expensively Based on ARK's research, the enterprise value of companies focused on precision therapies could appreciate 28% at an annual rate during the next seven years, from ~$820 billion in 2023 to ~$4.5 trillion by 2030. $4.5T The Enterprise Value Of Companies Focused On Precision Therapies Could Reach $4.5 Trillion By 2030 Multiomic Tools & Technology: Translating Biological Insights Into Economic Value According to ARK’s research, multiomic tools and technology could reduce research and development (R&D) spending per drug by more than 25%. 25% R&D Spending Could Decline By More Than 25% Thanks To Multiomic Tools And Techn