ARK Fund's Cathie Wood Embraces AI Competition as DeepSeek Promises Cost Reduction

In a significant move that could reshape investment landscapes, Cathie Wood, CEO of ARK Invest, has expressed enthusiasm towards the fierce competition emerging within the artificial intelligence (AI) sector. Wood's remarks came shortly after the launch of DeepSeek, a groundbreaking AI tool that aims to lower the costs involved in various industries, significantly impacting investment strategies and the market's direction overall.

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