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Ark Invest CEO Cathie Wood on Tuesday pushed back on fears of an artificial intelligence bubble, while flagging the possibility of a “reality check” on AI valuations. ➡️ Speaking to CNBC’s Dan Murphy on the sidelines of Saudi Arabia’s Future Investment Initiative, or FII, in Riyadh, Wood said that as interest rates begin to rise, “there will be a shudder” in markets. ➡️ “We are going to reach a moment in the next year where the conversation will shift from lower interest rates to rising rates,”
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