_cathie-wood39s-ark-invest39s-third-largest-holding-is-this-little-known-biotech-company-harnessing-ai-for-drug-treatment.jpg "Cathie Wood's ARK Invest's Third-Largest Holding Is this Little Known Biotech Company Harnessing AI for Drug Treatments from bean ki ai Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 710K times
✓ Published: 14-May-2024
👁 View: 710K times
✓ Published: 14-May-2024
Description:
Cathie Wood's ARK Invest has been buying shares of Recursion Pharmaceuticals, a biotech company using AI to speed up drug discovery. It is now the third-largest holding in her ARK Genomic Revolution ETF. Recursion has developed an AI-powered operating system that conducts up to 2.2 million weekly experiments to test drug candidates in an automated laboratory, advancing only the most promising compounds to clinical trials. Using AI this way could allow Recursion to launch drugs faster than competitors and license its OS to other companies, building a network effect that improves its algorithm over time.
Cathie Wood's ARK Invest has been buying shares of Recursion Pharmaceuticals, a biotech company using AI to speed up drug discovery. It is now the third-largest holding in her ARK Genomic Revolution ETF. Recursion has developed an AI-powered operating system that conducts up to 2.2 million weekly experiments to test drug candidates in an automated laboratory, advancing only the most promising compounds to clinical trials. Using AI this way could allow Recursion to launch drugs faster than competitors and license its OS to other companies, building a network effect that improves its algorithm over time.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_stellaris-releases-ai-dlc.webp "Stellaris have released a new DLC that is powered by AI, and reactions are, surprisingly, very positive.")
_starmer-emphasises-ai-regulation-to-safeguard-jobs.webp "Labour Party Leader Keir Starmer highlights the potential of AI while stressing the need for regulation to mitigate risks and manage job changes. \")
_google-unveils-project-astra-chatbot-tech-and-brings-ai-overview-to-search-for-all-u-s-users.webp "In a video demonstration of Astra, Google showed how users can point their phone camera to nearby objects and ask the AI agent relevant questions such as “What neighborhood am I in?” or “Did you see where I left my glasses?” Astra technology will come to the Gemini app later this year, the company said.")
⏲ 0:49 👁 260K
_sony-music-warns-tech-firms-over-ai.webp "Sony Music has issued a warning to some of the world's biggest tech companies.")
_udne-ki-aasha-16th-may-2024-ep-66.webp "Udne Ki Aasha 16th May 2024 - EP 66")
_is-ai-the-future-of-music.webp "Audio AI tools can compose songs in any musical style in just a few minutes. Argentinian musician Nicolás Madoery demonstrates how it works. But does it create unique sounds?")
_securing-your-data-in-the-age-of-ai.webp "Vana Cofounder and CEO Anna Kazlauskas speaks at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit about how Vana helps people collectivize their data. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_cisco-raises-q4-revenue-above-analysts39-estimates-driven-by-enterprise-spending-surge.webp "Cisco Systems forecast fourth-quarter revenue above analysts' low expectations, benefiting from a pick-up in enterprise spending and easing supply chain constraints. Cisco's revenue fell 13% but beat estimates, with Splunk acquired to boost cybersecurity. Cisco is trying to reduce reliance on its massive networking equipment business, which has suffered from supply issues and a post-pandemic slowdown. Cisco has benefited from increased spending as companies boost AI and cloud computing needs.")
_stellaris-releases-ai-dlc.jpg)
_starmer-emphasises-ai-regulation-to-safeguard-jobs.jpg)
_google-unveils-project-astra-chatbot-tech-and-brings-ai-overview-to-search-for-all-u-s-users.jpg)
_sony-music-warns-tech-firms-over-ai.jpg)
_udne-ki-aasha-16th-may-2024-ep-66.jpg)
_is-ai-the-future-of-music.jpg)
_securing-your-data-in-the-age-of-ai.jpg)
_cisco-raises-q4-revenue-above-analysts39-estimates-driven-by-enterprise-spending-surge.jpg)
![[+]](/images/menu.gif){kind=small}