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FYI - For Your Innovation

Author: ARK Investment Management LLC

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The FYI - For Your Innovation Podcast offers an intellectual discussion on recent developments across disruptive innovation—driven by research, news, controversies, companies, and technological breakthroughs. Hosted by ARK Invest analyst James Wang, ARK and guests provide a unique perspective on how to best understand disruptive innovation.
16 Episodes
Evolving Narratives in the Crypto Space with Andreas M. Antonopoulos
On the show today we welcome Andreas M. Antonopoulos (@aantonop) to chat with us about his perspectives on the current crypto space, the contrasting developments of Bitcoin and Ethereum, and the massive role that design choices play in the future of these two currencies. We also welcome cryptocurrency analyst Arjun Balaji (@arjunblj) as a co-host for this episode. Together we field some introductory and more complex questions on ways in which Bitcoin and Ethereum compete, could potentially replace each other, and areas in which their goals might overlap. We talk about ideological choices from consumers, some of the pitfalls of Ethereum and why he has very little interest in which is the better investment. Andreas also explains scaling solutions and privacy concerns. For all of that and more, tune in today!           Key Points From This Episode:Comparing the paths and goals of Bitcoin and Ethereum.Considering the idea of one of the currencies replacing the other.The privacy concerns and how they play into each culture.Ideological alignment choices by consumers.Andreas’ motivation for writing a book about Ethereum.Potential pitfalls of Ethereum and Andreas’ biggest reservations.Scaling solutions with regards to Ethereum.Reconfiguring our perceptions of cryptocurrencies as tools for particular jobs. Tweetables:“The two systems have evolved, not in a random mutation, in a directed evolution perspective. That evolution has been informed by dozens and dozens of design choices.” — @aantonop [0:04:30]“The early design decisions and tradeoffs that were made for Bitcoin made it suitable to be a very robust, very secure, nation state resistant, censorship resistant, form of global money.” — @aantonop [0:05:54]
How Siraj Raval Built One of the Most Popular AI Channels on YouTube
In this episode of FYI, we chat with Siraj Raval, Director of the School of AI, data scientist, entrepreneur, and much more. Siraj is a leading YouTube educator on the topic of AI and has helped half a million subscribers stay abreast of AI and the latest developments in the field. Today we discuss what prompted his focus on AI in general and deep learning in particular. Siraj also explains some of the recent news stories that have excited him and what he thinks we should pay more attention to. He talks about DeepMind’s AlphaFold, Open AI, self-driving cars and AI text generation. For all this and more, join us on today’s episode!           Key Points From This Episode:The turning point when Siraj decided to focus on YouTube teaching.Siraj’s unconventional and data driven approach to content creation.Why Siraj thinks people should pay more attention to Deep Mind’s AlphaFold and China.Comparing AlphaFold to previous algorithms for protein folding.Understanding Open AI’s text generator.Can we have intelligent AI without solving consciousness?Scaling existing systems versus breakthroughs and leaps.How Siraj has applied himself to public education instead of high profile company work.A little bit more about School of AI.Reasons for Siraj’s interest and belief in China.And much more! Tweetables:“I mean the best we can do is to just try to make as many people as aware of this as possible and get as many different types of perspectives and cultures and value systems and genders and just all the different types of brains looking at this problem as possible.” — @sirajraval [0:19:22]
On the Road to Full Autonomy With Elon Musk
Today we are thrilled to be in Fremont, CA with Tesla CEO Elon Musk. In this episode Tasha Keeney, Analyst at ARK Invest and Cathie Wood, Founder, CEO, and CIO at ARK Invest chat with Elon about the future of Tesla and autonomous driving. The podcast conversation kicks off by sizing the upcoming boom in global electric vehicle demand which leads into a discussion around linear versus exponential growth. Elon explains Tesla’s competitive edge against autonomous driving peers like Waymo and talks about a key upcoming milestone for Tesla, which he thinks most people are overlooking. Elon shares his insights about Tesla’s autonomous strategy, and the timeline of how the process is laid out. We also discuss the autonomous driving regulatory environment and the crucial role that machine learning plays in getting full autonomy on the roads. For an incredibly insightful conversation do not miss out on this podcast episode.           Key Points From This Episode:Sizing the market for electric vehiclesTesla’s competitive advantage in data collectionThe roll out strategy for fully autonomous driving featuresRegulatory response and safety proof pointsWhy Elon believes Tesla has the best people to solve this problem.Importance of consumer use of autopilot to further the process.The balance between hardware and software to achieve full autonomyTesla’s approach to letting other automakers use their technology.Curveball Question: What does Elon think about Bitcoin? Tweetables:“Small changes in the calendar breakpoint have enormous percentage differences. The time difference is small, but the percentage difference is enormous.” — @elonmusk [0:06:07]“People think sometimes that I’m like a business person or finance person, or something like that. I’m an engineer. I do engineering, always have.” — @elonmusk [0:12:33]“The reason Tesla is making rapid prog
The Effects of Automation and Robots in the Food Industry with Sam Korus
We are joined by our very own automation, energy, and space analyst, Sam Korus. Our topic of conversation is automation in the food industry and how robotics “in front and back of house” might change the industry. A simple reaction to more automated jobs is that it decreases the demand for human roles. However, Sam explains how further automation can actually stimulate human employment through price drops and demand increases. We chat about what sorts of roles can be fulfilled by robots currently and the types of services that are already in place in certain locations. Sam quickly explains how the predicted job increase could work and shares with us his research findings for automation in the food industry. Sam will talk about collaborative robots, use cases coming out of China, and more.           Key Points From This Episode:Why more automation and robots could actually increase job numbers.Obvious options for automation in the food industry.An overview of the predicted results of higher automation.The statistical growth we could see in the US food industry.Collaborative robots and “back of house” use cases. Tweetables:“We wanted to kind of tackle this in a quantitative way, to show, you could have robotics enter an industry and create growth in that industry without destroying jobs.” — @skorusARK [0:01:31]“When we’re looking at it, we say that if the price elasticity of demand is greater than productivity improvements, then that should create jobs.” — @skorusARK [0:02:09]
Economics, Trade Relations, And Innovation — Recognizing Investment Potential with Dr. Art Laffer and Cathie Wood
Welcome back to FYI, the For Your Innovation Podcast from ARK Invest. Today on the show we are joined by two special guests. First we have, Catherine Wood CEO and CIO of ARK Invest, as well as a her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. You might know Dr. Laffer from his famous Laffer Curve. He first gained prominence during the Reagan administration as a member of President Reagan’s Economic Policy Advisory Board. Dr. Art Laffer is also the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Investments, an institutional investment management firm utilizing diverse investment strategies. In today’s episode we reflect back on Dr. Laffer’s time in the Reagan administration, and what technology and economics was like back in the 80s. We also unpack exactly how the Laffer Curve works, and why cutting taxes can actually result in generating more income for a country as a whole. Finally, we dive into the intricacies of the US-China relations, why they are critical for economic advancement, and the incredible opportunities that lie within free trade. For all this and more, be sure to listen in to today’s episode!           Key Points From This Episode:Laffer’s introduction to ARK Invest and his first impressions.Reflecting back on the 80s and Dr. Laffer’s time in the Reagan administration.The technology perspective of the 80s: the technology boom cycle.A brief overview of the Laffer Curve, and why it was created.Recognizing the benefits of cutting tax rates to generate more income.The current state of where the US economy is headed.Laffer’s view on today’s US and China relationsImportance of a great trading relationship with China.What free trade would do for the markets; investment attraction.Books Dr. Laffer is reading that are exciting from a t
The Bitcoin Centralization Narrative with Yassine Elmandjra
In this episode we are joined by our very own crypto-analyst, Yassine Elmandjra, to talk about the idea that Bitcoin is becoming increasing centralized. This narrative has been growing over the last while with bigger entities supposedly controlling larger portions of the blockchain. Yassine shares his perspectives, ultimately showing that this argument has some serious flaws and that the blockchain has attributes that can prevent so-called “market control”. In our discussion, we cover the basics on the blockchain, mining, and the threat of a “51% attack” before going on to talk about pool centralization and its non-desirability. All of this is explained with the history of Bitcoin in mind. We are looking at the developments in blockchain technology from the last few years. For all this and much more, be sure to tune in!           Key Points From This Episode:Why does it matter if Bitcoin is becoming more centralized?Understanding mining and the basics of the blockchain.51% attacks, Bitmain and mining equipment.Looking at the evolution of Bitcoin mining since 2009.Assessing the threat of mining pool centralization.Reasons why it is not really desirable or feasible to gain 51% of any mining pool.The changes in concentration in the Bitcoin blockchain.The improvement in mining pool concentration over the years.Lowering electricity costs through stranded energy assets.Tweetables:“The claim that Bitcoin mining is centralized is largely overblown. Mining pool turnover is high and hashpower control continues to diffuse. Just in the last half of 2018, Bitmain’s mining pools lost 28% share.”— @yassineARK
Wright’s Law — Understanding Technology Cost Curves with Brett Winton
Our guest today is ARK’s very own Director of Research, Brett Winton. He is here on the podcast today to talk about the recent article he published titled Moore’s Law Isn’t Dead, It’s Wrong. Long Live Wright’s Law. In his piece and during this conversation, Brett unpacks the concepts in question and what sparked his desire to make this argument. He explains the popularity of Moore’s Law, used to forecast the growth of technologies, and goes on to show why he thinks it is not the best model for the task. Brett posits that Wright’s Law is better for this application and gives reasons and examples to back up his thesis. For instance, we will discuss electric vehicles, genome research, computing, and nuclear power. Be sure to join us on today’s episode!           Key Points From This Episode:Understanding the differences between Moore’s Law and Wright’s Law.Applying Wright’s Law to electric vehicles and other potential markets.Working elasticity of demand into the equation.Using Wright’s Law to forecast the future of genome sequencing.Looking forward to the possible futures of healthcare.Declining demand for computational power and the arc of transistors. Tweetables:“We’ve applied Wright’s Law to electric vehicles, genome sequencing, robotics, and 3D printing. Anything where you’re manufacturing a physical thing, this law is very applicable.” — @wintonARK“Wright’s Law captures the fact that if there’s economic opportunity decision makers will throw more resources at it to win the market.” — @wintonARK
Cryptoassets – A review with Chris Burniske of Placeholder
On the show today we welcome Chris Burniske of Placeholder, a venture capital firm that invests in cryptoassets. Chris is a friend and former colleague of ours at ARK Invest and he will be discussing all the latest developments in the crypto space as well filling us in on Placeholder’s projects and founding ideas. Yassine Elmandjra (ARK analyst) is also here to help conduct the interview and further our probing of Chris’ expertise. We aim to provide a review of the past year and get into the idea of defining a new economy before breaking down some of the key areas of interest relating to Bitcoin. Chris unpacks store of value and medium of exchange, what the future may look like, volatility and much more on the vanguard of the crypto world. The discussion turns to some other prominent cryptocurrencies before looking at regulation and global approaches to the growth of the cryptoassets. For all this and much more be sure to tune in! (Note: This episode was recorded 11/07/2018)           Key Points From This Episode:A recap of the last year for Chris and his venture capital firm PlaceholderPlaceholder’s underlying and primary thesis.Looking at Bitcoin since its inceptionWeighing Bitcoin’s store of value versus it being a medium of exchange.How to measure Bitcoin’s future success as a currency.The long-term arc of Bitcoin’s volatility.Regulation and “do no harm” sentiments in the crypto space.The U.S. government’s role and involvement in the crypto space.Looking at international attitudes towards crypto.And much more! Tweetables:“We decided to raise a venture fund while most everyone was raising hedge funds at the time because for us a venture fund aligns the interests of the investor directly with the entrepreneur.” — @cburniske [0:02:11.4]“What is invariant is our close working relationship with every team.” — @cburniske [0:03:57.8]
Comments (2)

Idriss Boudhina

I love this man. I wish I could have him as my mentor

Feb 27th

Radiofly Podcasts India

so sad, another poor woman suffering from vocalfry-itis

Feb 19th
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