_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 power drain 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
_baby-just-say-yes-2024.webp "Baby, Just Say Yes! (2024) from power drain")
_car-battery-drains-overnight-or-after-days-of-no-use-parasitic-drain.webp "electronicsNmore")
⏲ 6 minutes 44 seconds 👁 687.9K
_2-easy-ways-to-flush-drain-water-heaters-pro-plumber-tips-for-flushing-your-water-heater-gas-elec.webp "The Honest Carpenter")
2 EASY WAYS To Flush Drain WATER HEATERS! (Pro Plumber Tips For Flushing Your Water Heater GAS ELEC)
⏲ 11 minutes 16 seconds 👁 724.7K
_credit-card-delinquencies-are-on-the-rise.webp "Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.")
_power-snake-drain-cleaner-how-to-video-au0225d.webp "SKIL Tools")
_solar-power-breakthrough-could-bring-clean-energy-to-heavy-manufacturing.webp "Solar Power Breakthrough , Could Bring Clean Energy to, Heavy Manufacturing.<br/>A new solar-powered device may have <br/>reached a breakthrough, generating <br/>temperatures over 1,000 degrees Celsius. .<br/>The breakthrough was detailed in a study <br/>published in the journal 'Device.'.<br/>'The Independent' reports that the development <br/>raises hopes that green energy could be used to <br/>run some of the world's most fossil fuel-intensive <br/>manufacturing processes. .<br/>'The Independent' reports that the development <br/>raises hopes that green energy could be used to <br/>run some of the world's most fossil fuel-intensive <br/>manufacturing processes. .<br/>Using synthetic quartz crystals, the new <br/>proof-of-concept device traps solar energies <br/>at temperatures over 1,000 degrees Celsius. .<br/>The breakthrough could bring clean energy <br/>to carbon-intensive industries like cement, <br/>chemical and metal manufacturing.<br/>These manufacturing industries <br/>alone account for almost a quarter of <br/>the world's total energy consumption.<br/>The new device reportedly relies upon a phenomenon <br/>known as the thermal trap effect to harness the power <br/>of the sun more efficiently than ever achieved before.<br/>Previous research has only managed to <br/>demonstrate the thermal trap effect up <br/>to 170C. Our research showed that solar <br/>thermal trapping works not just at low <br/>temperatures, but well above 1,000C. , Emiliano Casati, Study co-author from ETH Zurich, via 'The Independent'.<br/>This is crucial to show <br/>its potential for real-world <br/>industrial applications, Emiliano Casati, Study co-author from ETH Zurich, via 'The Independent'.<br/>'The Independent' reports that researchers are looking <br/>to optimize the thermal trap effect to find <br/>new applications for the groundbreaking process.")
_how-an-electric-drain-snake-works.webp "Drain Addict")
_vevor-drain-snake-review-7539-x-1-29234-auto-feed-drain-cleaning-machine.webp "RC Insiders")
⏲ 23 minutes 23 seconds 👁 25.5K
_baby-just-say-yes-2024.jpg)
_car-battery-drains-overnight-or-after-days-of-no-use-parasitic-drain.jpg)
_2-easy-ways-to-flush-drain-water-heaters-pro-plumber-tips-for-flushing-your-water-heater-gas-elec.jpg)
_credit-card-delinquencies-are-on-the-rise.jpg)
_power-snake-drain-cleaner-how-to-video-au0225d.jpg)
_solar-power-breakthrough-could-bring-clean-energy-to-heavy-manufacturing.jpg)
_how-an-electric-drain-snake-works.jpg)
_vevor-drain-snake-review-7539-x-1-29234-auto-feed-drain-cleaning-machine.jpg)
![[+]](/images/menu.gif){kind=small}