When Ark Invest CEO Cathie Wood talks about the world of finance, people tend to listen. as her disruptive investment picks have netted her some major successes.
Now, Wood has a new take on a topic she has been becoming more vocal about over the past few months, and if her view is correct, it could mean major positive change for the world we live in.
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In a tweet from the evening of March 27, Wood says that the research of Ark Invest's Tasha Keeney, Sam Korus, and Daniel Maguire points to a big future for autonomous taxi platforms. They see the possibility of the industry scaling to an $8 trillion to $10 trillion revenue opportunity in the next seven to 10 years.
While Amazon (AMZN)'s Zoox and Alphabet's (GOOGL) Waymo are currently the two biggest names in this space, Wood has said that she believes Tesla (TSLA) has the advantage when it comes to autonomous driving.
"Tesla ... has billions upon billions of miles of real-world driving data with all kinds of corner cases showing Tesla where the problem spots are in autonomous driving or could be coming in autonomous driving," she said in a Feb. 6 interview with Fox Business.
"So, they have all of this proprietary data; nobody else has it, and we believe they're in the pole position to deliver an autonomous taxi platform in the next three to five years," Wood said.
