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ARK Invest's Cathie Wood Warns of AI Disrupting Tech Giants Google, Apple, and Amazon

According to Cathie Wood of ARK Invest, the technology industry's ruling giants are at risk of being disrupted by artificial intelligence (AI). Wood believes that ChatGPT, a chatbot, could potentially enhance Google's products and services, but could also destroy them by taking away the tech giant's advertising revenue. She also named Apple and Amazon as possible victims of AI if something like ChatGPT or another bot learns to scour the web for items and prices better than Amazon. Wood suggests that any platform that has served as an intermediary is at risk of being disintermediated by AI.

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