ARK Invest believes that big tech companies like Apple and Google will leverage artificial intelligence (AI) to maintain their dominance in the industry.
AI is considered a highly disruptive technology due to its rapid cost decline and potential for penetrating new markets.
Smaller companies can use AI to compete with industry giants, even when the giants attempt to leverage the technology for their advantage.
As AI continues to evolve, companies like Apple and Google will need to adapt their strategies to stay ahead, while competition from smaller entities remains a possibility.