Zaid

Let's dive in.

Welcome back to the Rundown interview edition.

Today, we are talking to Kathy Wood, the CEO of ARK Invest.

Kathy is a legend in the investing space.

She's known for investing in disruptive technologies.

So in today's conversation, we talked about the big themes for 2026, including AI, robotics, and robo-taxis.

We also talked about Tesla's advantages moving forward, why Elon might merge XAI and SpaceX, and a fun debate about Bitcoin versus gold.

I got to say, this was one of my favorite interviews I've ever done.

I think you guys are really going to enjoy this one.

So let's get into it.

Kathy Wood, welcome to The Rundown.

I'm super excited to talk to you.

This is a big moment for me.

And I wanted to start off by talking about the yearly ARK Big Idea Report.

I look forward to it every year, and you guys just posted it last week.

And the theme from this report is the Great Acceleration.

Now, I like the title, but I feel like we've been moving pretty fast the last few years.

So what's interesting is you guys think that we're going to move even faster.

I think the big takeaway for me after reading the report was that you think that AI investment, CapEx investment is going to accelerate.

I think the number you threw out there in this report was 12% of GDP, which is shocking, especially when you compare it to previous CapEx booms like the automobile and railroad.