




版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
BIGIDEAS2025
securities/cryptocurrenciesareforillustrativepurposesonly.ThereisnoassurancethattheAdviserwillmakeanyinvestmentswiththesameorsimilarcharacteristicsasanyinvestmentpresented.The
readershouldnotassumethataninvestmentidentifiedwasorwillbeprofitable.PASTPERFORMANCEISNOTINDICATIVEOFFUTUREPERFORMANCE,FUTURERETURNSARENOTGUARANTEED.
ARKInvestmentManagementLLC.Thisisnotarecommendationinrelationtoanynamedparticularsecurities/cryptocurrenciesandnowarrantyorguaranteeisprovided.Anyreferencestoparticular
FEBRUARY04,2025RESEARCHREPORTFORINFORMATIONALPURPOSESONLYWWW.ARK-INVEST.COM
ARK’SBigIdeas2025
RisksOfInvestingInInnovation
Pleasenote:CompaniesthatARKbelievesarecapitalizingondisruptiveinnovationanddevelopingtechnologiestodisplaceolder
technologiesorcreatenewmarketsmaynotinfactdoso.ARKaimstoeducateinvestorsandseekstosizethepotentialinvestment
opportunity,notingthatrisksanduncertaintiesmayimpactourprojectionsandresearchmodels.Investorsshouldusethecontent
presentedforinformationalpurposesonly,andbeawareofmarketrisk,disruptiveinnovationrisk,regulatoryrisk,andrisksrelatedtocertaininnovationareas.
Pleasereadriskdisclosurecarefully.
RISKOFINVESTINGININNOVATION
RAPIDPACEOFCHANGE
EXPOSUREACROSSSECTORSANDMARKETCAP
UNCERTAINTYANDUNKNOWNS
DISRUPTIVEINNOVATION
REGULATORYHURDLES
POLITICALORLEGALPRESSURE
COMPETITIVELANDSCAPE
Aimtounderstandtheregulatory,market,sector,andcompanyrisks.(SeeDisclosurePage)
Aimforacross-sectorunderstandingoftechnologyandcombinetop-downandbottom-upresearch.
Sources:ARKInvestmentManagementLLC,2023.
ARK’SBigIdeas2025
TableOfContents
Introduction
Robotaxis
04
68
Convergence
AutonomousLogistics
05
84
AIAgents
Energy
15
93
Bitcoin
Robotics
29
103
Stablecoins
ReusableRockets
41
114
Scaling
Blockchains
Multiomics
54
125
ARK’SBigIdeas2025
BIGIDEAS2025
UnlockingExponentialGrowthThrough
DisruptiveInnovation
Aswestandonthecuspofaneweraofunprecedentedgrowth,ARKInvest’s“BigIdeas2025”illuminatesthecomplex
convergencesbetweenandamongthefivetechnologically
enabledinnovationplatformsevolvingtoday:Artificial
Intelligence,Robotics,EnergyStorage,PublicBlockchains,and
MultiomicSequencing.Theseplatformsshoulddriveexponentialadvancesacrossindustriesandcatalyzeastepchangeinglobal
economicgrowth.
Presentedinthisyear’sreportare11BigIdeasillustratingthe
massivetransformationsoccurringtoday.Ourresearchsuggests
thattheseBigIdeasarepoisedtoboostproductivitydramatically,torevolutionizeindustries,andtocreatelong-terminvestment
opportunities.
Joinourjourneyintothefutureofinnovationanditsprofoundimplicationsforinvestors,businesses,andsocietyatlarge.
WelcometoARK’sBigIdeas2025.
4
ARK’SBigIdeas2025
TheSecondHalfOfTheChessboard
ConvergenceAmong
TechnologyPlatformsLeadingToSignificantAccelerationIn
MacroeconomicGrowth
BrettWinton
CHIEFFUTURIST
5
ARK’SBigIdeas2025:Convergence
FiveInnovationPlatformsAreCatalyzingAcceleratedGrowth
PublicBlockchains
Uponlarge-scaleadoption,allmoneyandcontractswilllikelymigrateontoPublicBlockchainsthat
enableandverifydigitalscarcityandproofof
ownership.Thefinancialecosystemislikelyto
reconfiguretoaccommodatetheriseof
CryptocurrenciesandSmartContracts.These
technologiesincreasetransparency,reducethe
influenceofcapitalandregulatorycontrols,andcollapsethecostsofcontractexecution.Insuchaworld,DigitalWalletswillbecomeincreasingly
necessaryasmoreassetsbecomemoney-likeandcorporationsandconsumersadapttothenew
financialinfrastructure.Corporatestructuresmay
becalledintoquestion.
AI
Computationalsystemsandsoftwarethatevolvewith
datacansolveintractableproblems,automateknowledgework,andacceleratetechnology’sintegrationintoeveryeconomicsector.TheadoptionofNeuralNetworksshould
provemoremomentousthanelectrificationand
potentiallycreatetensoftrilliondollarsofvalue.Atscale,thesesystemswillrequireunprecedentedcomputationalresources,andAI-specificcomputehardwareshould
dominatetheNextGenClouddatacentersthattrainandoperateAImodels.Thepotentialforend-usersisclear:aconstellationofAI-drivenIntelligentDevicesthat
permeatepeople'slives,changingthewaythattheyspend,
work,andplay.Theadoptionofartificialintelligence
shouldtransformeverysector,impacteverybusiness,andcatalyzeeveryinnovationplatform.
Multiomics
Thecosttogather,sequence,andunderstanddigitalbiologicaldataisfallingprecipitously.
MultiomicTechnologiesprovideresearchscientists,therapeuticorganizations,andhealthplatforms
withunprecedentedaccesstoDNA,RNA,protein,anddigitalhealthdata.Cancercareshould
transformwithpan-cancerbloodtests.FedbyrichmultiomicdataandpoweredbyProgrammable
Biology,AIsystemsrunningautonomouslabscouldcollapsethecostofdrugdiscovery,
development,andtrial,transformingreturnsina
sectorthathasstagnated.Biologicaldiscoveries
shouldpowernovelPrecisionTherapiesthattargetandcurerarediseasesandchronicconditions,
unlockingprofoundeconomics.Overtime,the
designandsynthesisofnovelbiologicalconstructs
EnergyStorage
ThedecliningcostsofAdvancedBatteryTechnologyshouldcauseanexplosioninformfactors,enablingAutonomousMobilitysystemsthatcollapsethecostoftransportation.Electricdrivetraincostdeclines
shouldunlockmicro-mobilityandaerialsystems,includingflyingtaxis,
enablingbusinessmodelsthattransformcities.Autonomyshouldreducethecostoftaxi,delivery,andsurveillancebyanorderofmagnitude,
enablingfrictionlesstransportthatwillincreasethevelocityofe-
commerceandmakeindividualcarownershiptheexceptionratherthantherule.Theseinnovationscombinedwithlarge-scalestationarybatteriesandDistributedEnergyGeneration,notablysolarandsmall-scalefission,shouldcauseatransformationinenergy,substitutingelectricityforliquidfuelandincreasingsystem-wideresilience,reliability,andproduction.
willyieldadvancesinagriculture,materialscience,andevencomputation.
Robotics
Catalyzedbyartificialintelligence,HumanoidRobotsshouldoperatealongsidehumansandnavigatelegacyinfrastructure,changingthewayproductsare
madeandsold,andeventuallythewayweliveourlivesathome.3DPrintingshouldcontributetothedigitizationofmanufacturing,increasingnotonlytheperformanceandprecisionofend-useparts,butalsotheresilienceofsupplychains.Meanwhile,theworld’sfastestrobots,ReusableRockets,should
continuetoreducethecostoflaunchingsatelliteconstellationsandenable
uninterruptibleconnectivityandearthobservation.Anascentinnovation
platform,roboticscouldcollapsethecostoftransportingacrossdistance,withhypersonictravel,thecostofmanufacturingcomplexitywith3Dprinters,andthecostofphysicalworkwithAI-guidedrobots.
6
Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasourcesasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’SBigIdeas2025:Convergence
InCompounding,TheRealActionTakesPlace
OnTheSecondHalfOfTheChessboard
Legendarilyrequestinghisrewardforinventingchess,the6thcenturyadvisortotheIndianruler:
Idon’trequiremuch,yourhighness,justagrainofwheatonthefirstsquareofthe
board,doubling
consecutivelyoneachsquarethereafter.
Row
2X
WheatGrains
Value
YearComputersCrossedTheSameCompoundingThreshold
8
128
2teaspoonsofwheat
1975
1665thousand
9loavesofbread
1983
2417million
4year’ssustenance
1998
324billion
7poundsofgold
2008
401trillion
1tonofgold
2018
48
300trillion
20%ofIndiaGDPin600AD
2023
56
70
quadrillion
50xGlobal
GDPin600AD
2027e
64
18
quintillion
9xGlobalGDPin2024
2030e
Bylore,whenheagreedtothe
reward,theIndianrulerthoughtitquitereasonable.Bythe6throwofthechessboard,however,hehad
exhaustedIndia’streasury,havingpaidjust~.001%ofthebill.
Today,computationaladvancehas
completedtheequivalentofthe6throwonthechessboard.EnteringtheAIcyclein2018,computershad
crossed40performancedoublingsandin2023surpassed48.Bytheendofthisdecade,thankstothe
accelerationinAI,computationcouldreachtheendofthe
chessboard.
Note:“GDP”:GrossDomesticProduct,aggregateglobalproductionfortheglobaldatapoints.Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasources,Kurzweil2006asof
December31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceis
notindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.7
ARK’SBigIdeas2025:Convergence
AIIsAcceleratingThePerformanceDoublingRate,ClosingInOnTheEndOfTheChessboard
EnabledprimarilybyarchitecturalimprovementsinAIsystems,
performanceperdollarofAIcomputeisexpectedtoimprove>1000xby2030.Atthattime,weexpectthatcomputeperformancewillhavedoubled64timessincetheadventoftheintegratedcircuit.
ComputeCapability(Per2024$)
IntegratedCircuitPerformanceImprovementCurve
1E+181E+161E+141E+121E+101E+081E+061E+041E+021E+001E-02
EachCircleRepresents1PerformanceDoubling
HollowCirclesAreForecasts2030
Endofthe
chessb
2027
oard
56pd
erformanceoublings
4
2023
8performance
Halfway
20
through
08
doublings
2028
theche
ssboard
4
8performancedoublings
1998
24performa
nce
2018
40performance
16p
1983
erformance
doublings
doublings
1975
8perfor
d
mance
oublings
GoogleanntheTP
ouncesU
doub
lings
ImprovementsinAIArchitecture
DrivingComputePerformance
ComputeHardware
Driving
Performance
Improvements
10011001101110010,0001,000,000
BillionthBillionthMillionthMillionthThousandthHundredth
CumulativeComputePurchased
(UnitOfxAIColossus-SizedDatacenters)
Note:The“ComputeCapabilityper$2024Dollar”displayedontheYaxisaboveisasinglemetricthatmeasures1000sofcomputationspersecondpurchasablefor$1.ForAIcomputeperformance,computationalimpactisadjustedupwardsbytherateofAIarchitecturalperformanceperdollarimprovementsaccordingtoARK’sresearch.It'saverylargenumber,soweusescientificnotation,e.g.,"1E+21,"meaning1followedby21zeros.Source:ARKInvestment
8
ManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasources,includingKurzweil2005andJurvetson2024asofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’SBigIdeas2025:Convergence
AIAdvancesShouldUnlockMassiveMarketOpportunities
BestInClassAISoftwareEngineering
LogErrorRateScale
SWE-BenchVerified
72%
54%
45%
38%
22%
4%
10/1/234/18/2411/4/245/23/25
RecursionDrugDevelopmentEfficiency
#OfHypothesesTestedPerFTEResearcher
250
200
150
100
50
0
2024
2023
050010001500
H100EquivalentsComputeInRecursion’sDatacenter
AsAIcontinuestoaccelerate,robotaxisshouldproliferate,drugdevelopmenttimelinesandcostsshouldcollapse,andAIagentsshouldsolvesoftwareengineeringchallengesautonomously,monitoringandmodifyingsystemsaroundtheclock.
1000000
.6
TeslaFSDPerformance
Humandriveracc
identrateFSD13
2H25*
FSD13.4o1Q25*
Waymointerventipostcommerciali
onratezation
FSD12.510/24/24
FSD11.5
12/31/23
MilesPerIntervention
100000
10000
1000
100
10
1
-
100,000
200,000
H100EquivalentComputeInTesla’sDatacenter
*Estimates.Note:“FSD”:FullSelf-Driving.SWE-benchisadatasetthattestssystems'abilitytosolveGitHubissuesautomatically.Thedatasetcollects2,294Issue-PullRequestpairsfrom12popularPythonrepositories.Evaluationisperformedbyunittestverificationusingpost-PRbehaviorasthereferencesolution.SeeJiminezetal.2024.Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasources,includingTesla,Recursion,andSWE,andOpenAIasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestment
9
adviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’SBigIdeas2025:Convergence
ConvergenceIsAcceleratingTheTechnologyRevolution
ARKmeasuresthedegreetowhich
technologiesserveascatalystsbetweenandamonginnovationplatforms.The
convergencesamongthemareincreasing,withnetworkdensityup30%inthepastyear.
AIisprovingmorecriticaltounlockingthe
valueofPrecisionTherapiesandMultiomic
CatalyzedIncreaseInMarket
Opportunity
Technologies.SmartContractecosystemsareservingastestbedsinwhichautonomousAIagentscanberenumeratedforsharpening
OrderOf
Magnitude+
Multiples
theircapabilities.NextGenCloudenergydemandispullingforwardtimelinesforDistributedEnergyGeneration.
VeryMeaningful
Meaningful
Potential
Note:“Networkdensity”measuresthedegreeofinterconnectednessbetweennodesrelativetothemaximumpotentialinterconnectedness.Inourresearch,ifeverytechnologywereexpectedtocatalyze
anothertechnologytoincreaseinvaluebyanorderofmagnitudeormore,thatwouldequatetoafullyinterconnectednetwork.Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsona
10
rangeofexternaldatasourcesasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’SBigIdeas2025:Convergence
TheAccelerationInNeuralNetworksIs
AcceleratingEveryOtherDisruptiveTechnology
Cryptocurrencies
Smart
Contracts
DigitalWallets
PrecisionTherapies
MultiomicTechnology
ProgrammableBiology
Technology
NeuralNetworks
NextGenCloud
IntelligentDevices
AutonomousMobility
AdvancedBatteryTechnology
DistributedEnergyGeneration
ReuseableRockets
HumanoidRobotics
MultiomicTechnology
PrecisionTherapies
3D
Printing
3D
Printing
ProgrammableBiology
Crypto-currencies
Smart
Contracts
DigitalWallets
NeuralNetworks
NextGenCloud
IntelligentDevices
AutonomousMobility
Advanced
Battery
Technology
Distributed
Energy
Generation
RenewableRockets
HumanoidRobotics
CatalyzingTechnology
Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasourcesasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbe
consideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.11
ARK’SBigIdeas2025:Convergence
AdvancesInAI,EnergyStorage,AndPublicBlockchainsAreCriticalToThePaceOfTechnologicalAdvance
Amongdisruptivetechnologies,NeuralNetworksarethemostimportantcatalyst.
Accordingtoourresearch,advancesinneural
networkswillincreasethevalueofsixoftheother14technologiesbyatleastanorderofmagnitude,creatingmassivemarketexpansionsforNextGenCloud,IntelligentDevices,AutonomousMobility,
HumanoidRobots,PrecisionMedicine,andMultiomicTechnology.
TheAI-ledrevolutionintechnologyislikelytoleadtodramaticproductivitygainsandastep-functionincreaseineconomicgrowth.
TechnologyImportanceAsACatalyst
Neural
Networks
ProgrammableBiology
DigitalWallets
ReusableRockets
3D
Printing
HumanoidRobots
Cryptocurrencies
SmartContracts
PrecisionTherapies
Multiomic
Technologies
AutonomousMobility
DistributedEnergyGeneration
NextGenCloud
AdvancedBatteryTechnology
IntelligentDevices
TechnologyPlatform
AI
EnergyStorage
Multiomics
Robotics
Public
Blockchains
SCALE
Advances
another
technologyby1orderofmagnitude
12
Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasourcesasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’SBigIdeas2025:Convergence
TechnologyInflectionShouldLeadToGDPInflection
CompoundedAnnualGrowth
GlobalRealGDPGrowth
2030
(LogScale)
3%
0.6%
0.3%
0.14%
.037%
ARKForecast7.3%
IMFForecast3.1%
100,000BC
LogYearsUntil2050
100.0%
10.0%
1.0%
0.1%
0.0%
Structuralchangesintheunderlyingrateofmacroeconomicgrowtharethehistoricalrule,nottheexception.
After100,000yearsofeconomicstagnationleadingtoyear1,
innovations,notablywriting,allowedempirestostitch
togethercontinents,whichquadrupledrealgrowththrough1000AD.
Agriculturalinnovationsenableddenserpopulationsand
laborspecialization,leadingtoadoublingofgrowththrough1500to0.3%perannum.
Duringthe400yearsthrough1900,annualGDPgrowth
doubledagainto0.6%astheEnlightenmentandIndustrialRevolutionswepttheglobe.
TheSecondIndustrialRevolution—markedbyelectrification,theautomobile,andtelephony—usheredinthemodernageandquintupledgrowthto3%onaverageoverthelast125
years.
1900
2024
1
1000
1500
TechnologicalbreakthroughsinAI,AutonomousMobility,
andHumanoidRobotsarelikelytoturbochargeproductivityagain,causinganotherstepfunctioningrowthoverthenext5to10years.
Note:“RealGDP”:AggregateGlobalProductionadjustedforchangesinpricelevels.Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasourcesincludingDeLong1998andOpen
13
PhilanthropyasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’SBigIdeas2025:Convergence
DisruptiveInnovationCouldGrowToDominateMarkets
InnovationShouldDriveAMomentousBusinessCycle
$Trillions
(Nominal)
300
250
200
150
100
50
-
}
GDPNon-disruptive
Mag6**
OtherDisruptive
GlobalMarket
89
Capitalization
Innovation*
-2%CAGR
220
60
24%CAGR
127
73
65
92
103
14050%CAGR
45
5
9
1.7
4.7
16
12
38%CAGR
2014201920242030e
Disruptiveinnovationcould
commandmorethantwo-thirdsoftheglobalequitymarket,
compoundingata38%ratethrough2030.
Withininnovation,marketvaluecouldbroadenoutbeyondtheso-calledMag6.
Non-innovationbusinessescouldbegintoshrinkastechnologicaldeflationassociatedwith
innovationthreatensmarginsandcompetitiveness,evenamidrapidmacroeconomicgrowth.
Note:“CAGR”:CompoundedAnnualGrowthRate.*Weincludecryptocurrenciesandcryptoassetsindisruptiveinnovationcapitalization.**Microsoft,Nvidia,Meta,Apple,Amazon,andAlphabet.Source:ARKInvestment
14
ManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasourcesasofDecember31,2024,whichmaybeprovideduponrequest.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’sBigIdeas2025
AIAgents
RedefiningConsumerInteractionsAnd
BusinessWorkflows
NicholasGrous
ASSOCIATEPORTFOLIOMANAGER
VarshikaPrasanna
,
RESEARCHASSOCIATE
NEXTGENERATIONINTERNET
FrankDowning
DIRECTOROFRESEARCH,
NEXTGENERATIONINTERNET
JozefSoja
,
RESEARCHANALYST
NEXTGENERATIONINTERNET
15
ARK’sBigIdeas2025:AIAgents
WhatAreAIAgents?
AIagentsarepoisedtoacceleratethe
adoptionofdigitalapplicationsandcreateanepochalshiftinhuman-computerinteraction.
AIAgents:
Usefulness
Understandintentthroughnaturallanguage
Planusingreasoningandappropriatecontext
Takeactionusingtoolstoaccomplishtheintent
Improvethroughiterationandcontinuouslearning
UniversalAgents
Platform-LevelAgents
Smartermodels
usingmoretoolstoaccomplishhigher-valuetasks
Siloed,
Single-Purpose
Agents
LevelOfIntelligence
Source:ARKInvestmentManagementLLC,2025.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.16
ARK’sBigIdeas2025:AIAgents
AIIsAcceleratingTheAdoptionofHardwareAndSoftware
Startingin2025,webelieve——
mosthardwaresaleswillbeAI-enabled,leadingtofastmassadoption.
USConsumerHardwareAdoption
PC——CellphoneSmartphoneSmartHome
SmartwatchVRHeadsetAIHardware
PercentPenetration
100%90%80%70%60%50%40%30%20%10%0%
1974198319922001201020192028E2037E
OpenAIcouldsurpass$10billioninrevenuein2025,monetizingatafasterratethansocialmediacompaniesoverthepastdecade.IftheadoptionofChatGPTisanindicator,AIshoulddriverapiddemandforarangeofnewtechnologies.
AIMonetizationIsOutpacingSocialMedia
OpenAI
TikTok
YouTube
Revenue($Billions)
$10$9$8$7$6$5$4$3$2$1$0
-51015
YearsSinceProductLaunch
Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasources,includingHartig1998,Dediu2017,andSidotietal.2024,asofDecember31,2024,whichmaybeprovidedupon
17
request.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.Pastperformanceisnotindicativeoffutureresults.Forecastsareinherentlylimitedandcannotbereliedupon.
ARK’sBigIdeas2025:AIAgents
AIAgentsWillTransformConsumerSearchAnd
Discovery
Embeddedintheoperatingsystemsofconsumerhardware,AIagents
empowerconsumerstodelegatealldiscoveryandresearchtoAI—amassivetime-saver.CuratedAIresultswillcontextualizedigitaladimpressions.
AUTONOMOUS
AWARENESS
DISCOVERY+RESEARCH
SEARCHENGINE1
SEARCHENGINE2
CURATEDRESULTS
厂。
SEARCHENGINE3
QUERY
PERSONALIZEDAI
AGENT
TEXT/
VOICE
COMMAN
D
MARKETPLACE1
MARKETPLACE2
=AdOpportunities
MARKETPLACE3
CONVERSION
CHECKOUT
Source:ARKInvestmentManagementLLC,2025.Forinformationalpurposesonlyandshouldnotbeconsideredinvestmentadviceorarecommendationtobuy,sell,orholdanyparticularsecurity.18
ARK’sBigIdeas2025:AIAgents
Lei’eSdhsuiditaTlaunities
Revenueby2030
GlobalAdvertisingForecast
mmAIAdRevenuemmDigitalAdSpendAIAdRevenue%ofTotalDigitalSpend
GrossSpend($Billions)
$1,200
$1,000
$800
$600
$400
$200
$-
20242025E2026E2027E2028E2029E2030E
100%90%80%70%60%50%40%30%20%10%0%
IfsearchshiftstopersonalAIagents,AI-mediatedadrevenuecouldsurge.By2030,webelieveAIadrevenuecouldaccountformorethan54%ofthe$1.1trilliondigitaladmarket.
ShareOfPageViews
ChatGPT,Claude,Perplexity,AndBingShareOfSearch
VS.Google
(BasedOn7-DayRollingAverageOfPageViews)8%
7%
6%
5%
4%
3%
2%
1%
0%
August-21August-22August-23August-24
19
Source:ARKInvestmentManagementLLC,2025.ThisARKanalysisdrawsonarangeofexternaldatasourcesasofDecember2024,w
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 2025年高压自动重合器项目建议书
- 创业计划书的推介
- 高效办公软件选型实施指导书
- 农村农业信息化管理手册
- 汽车行业电动汽车与智能网联方案
- 项目收尾阶段工作总结报告及经验分享
- 电子商务用户增长趋势分析表
- 餐饮业智能点餐与厨房调度系统解决方案
- 产品定位与市场策略评估表
- 往来商务文书处理与沟通策略
- 竣工验收流程培训课件
- 2024年上海中考化学终极押题密卷三含答案
- DB14∕T 1334-2017 波形钢腹板预应力混凝土组合结构桥梁悬臂施工与验收规范
- ECharts数据可视化课件 第4章 雷达图、旭日图和关系图
- 幸福女人课件教学课件
- 中国出口新动能和企业外贸信心指数报告 202411
- 城镇燃气经营安全重大隐患判定及燃气安全管理专题培训
- 天翼云从业者考试复习题及答案
- 机械零件维修技术操作规程
- 2输变电工程施工质量验收统一表式(变电工程土建专业)-2024年版
- 2024年江苏省南京外国语丘班、南京一中数理人才班特长生招生数学试卷
评论
0/150
提交评论