Zaid

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.

I think those capped out at 3%.

four to 5%.

So I want to turn it over to you.

Why are you so bullish on this particular cycle of the CapEx boom when it comes to AI?

So you think that AI is going to be the engine that drives innovations in all these other fields like healthcare, robo-taxis, transportation.

But you can make the case that we've had – you can make the same case for the internet, right?