Overview
- Speaking to CNBC at the Future Investment Initiative in Riyadh, Cathie Wood said humanoid robots represent the largest opportunity within embodied AI.
- ARK’s Artificial Intelligence & Robotics ETF lists Tesla at 9.16%, Palantir at 7.02%, and AMD at 6.14% among its top holdings.
- Tesla’s Optimus appeared in New York’s Times Square handing out candy in a Halloween-themed demonstration, and the company also displayed its steering wheel–free Cybercab that remains in development.
- Video from the Times Square display showed Optimus plugged in with unclear levels of human teleoperation, and analysts have said earlier Tesla robot demos used teleoperation.
- Wood said major corporations will require restructuring before fully capturing AI-driven productivity gains, citing Palantir’s role in helping large enterprises prepare.