Cathie Wood Discusses Open-Source AI And Cryptocurrency Trends

According to Odaily, Ark Invest's founder, CEO, and Chief Investment Officer Cathie Wood, in an interview with Bloomberg, highlighted the potential impact of DeepSeek's model on the open-source AI landscape. Wood suggested that this model could encourage more companies to join the open-source AI movement, potentially disrupting the current market dynamics and fostering new competitive scenarios. Wood also emphasized the transformative role of cryptocurrency, describing it as the next internet revolution. She noted three significant paradigm shifts currently underway. Firstly, the institutional share of open interest in Bitcoin futures has surged from 17% in 2020 to 63%. Secondly, sovereign wealth funds are beginning to allocate resources to cryptocurrencies, with Norway's Oil Fund recently disclosing ownership of 42,000 BTC. Most notably, Bitcoin is increasingly being utilized as a tool on the balance sheets of technology companies. MicroStrategy holds 214,000 BTC, and Tesla has also strategically reserved Bitcoin as part of its financial strategy.