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Breakthrough Technologies: Robotaxis Try to Win Users' Trust

Breakthrough Technologies: Robotaxis Try to Win Users' Trust

Globe and Mail14-03-2025
Robotaxis have accumulated more than 150 million autonomous kilometers with an outstanding safety record.
With the rapid development of artificial intelligence, global transportation is undergoing a profound transformation, particularly driven by autonomous driving technology, which is accelerating toward large-scale commercialization.
Cathie Wood from Ark Invest recently called robotaxis "one of the most important investment opportunities of our lifetimes." She mentioned that dozens of companies had claimed they would achieve fully autonomous driving within five years. Today, in the U.S., only Tesla and Waymo have made it happen, while in China, it's Baidu Apollo.
Waymo, a global pioneer in autonomous driving, has launched commercial operations in four major U.S. cities, providing approximately 200,000 trips per week—demonstrating its robust market scalability. In San Francisco, people can take a Waymo autonomous vehicle anytime, anywhere, without worrying about attracting curious stares. Robotaxis have become a familiar sight.
Meanwhile, Apollo Go has been making waves in Wuhan, China, offering a similar experience. Countless self-driving vehicles navigate the streets and alleys. People can spot Apollo Go at schools, hospitals, shopping malls, parks, and various other locations, naturally entering their phone numbers to book a ride as if it were just part of everyday life. Notably, these vehicles are completely driverless. According to Baidu's latest financial report, Apollo Go completed 1.1 million rides in Q4 2024, averaging approximately 12,000 rides per day. Passengers trust self-driving vehicles, just as Waymo and Baidu had hoped.
Research suggests that the public holds autonomous vehicles to higher safety standards than conventional cars. "We have proven that robotaxis are much safer than human drivers. As of today, they are 10 times safer," Baidu's CEO stated. To date, Apollo Go's fleet has accumulated more than 150 million autonomous kilometers with an outstanding safety record, underscoring its industry-leading standards. "Apollo Go abides by a 'safety first' principle, prioritizing the safety of all road users."
This is part of a broader trend within the autonomous ride-hailing industry. A handful of cities around the world are already utilizing technology that allows self-driving vehicles to maneuver through busy urban streets. The challenge for Apollo Go and Waymo now is to attract more passengers.
Every Waymo car welcomes riders with music as they step inside. A screen mounted in front of the rear seats displays a real-time map of the route and offers controls for adjusting temperature and music. Similarly, Apollo Go's sixth-generation autonomous vehicles feature seats that recline up to 120 degrees, allowing passengers to relax or enjoy a massage. "It's like a mobile massage therapist," some passengers have remarked. The vehicles are also being upgraded with new features designed to assist visually impaired passengers, making boarding and exiting more convenient.
"Making Cars Smarter, Making Travel Easier." Companies like Apollo Go and Waymo are proving that AI-driven mobility is no longer a distant dream—it is actively reshaping urban transportation. From safety to comfort, functionality to sustainability, autonomous driving technology is delivering green, low-carbon, safe, and comfortable travel experiences worldwide.
About Apollo Go
Apollo Go, also known as Luobo Kuaipao, is Baidu's autonomous ride-hailing service and one of the world's leading players in large-scale self-driving mobility solutions. As China's first fully driverless commercial Robotaxi service, Apollo Go is pioneering the integration of AI, big data, and automation to build the smart cities of the future.
Media Contact
Company Name: Apollo Go
Contact Person: Mingjie Xu
Email: Send Email
Country: China
Website: https://en.robotgo.com/
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Cathie Wood Thinks AI Will Create a $13 Trillion Software Opportunity -- 2 Unstoppable Stocks to Buy if She's Right
Cathie Wood Thinks AI Will Create a $13 Trillion Software Opportunity -- 2 Unstoppable Stocks to Buy if She's Right

Globe and Mail

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  • Globe and Mail

Cathie Wood Thinks AI Will Create a $13 Trillion Software Opportunity -- 2 Unstoppable Stocks to Buy if She's Right

Key Points Cathie Wood is one of the most bullish voices on Wall Street when it comes to technologies like artificial intelligence. A report issued by Wood's firm, Ark Investment Management, suggests AI could create a $13 trillion opportunity in the software industry by 2030. Confluent and Datadog could be two of the biggest winners if she's right, thanks to their unique products and services. 10 stocks we like better than Confluent › Cathie Wood is the founder and CEO of Ark Investment Management, which operates a portfolio of exchange-traded funds (ETFs) that invest in innovative technology companies. Each year, the firm releases a new issue of its "Big Ideas" report featuring predictions for its biggest areas of interest, whether it be artificial intelligence (AI), cryptocurrency, or autonomous vehicles. In the 2025 edition, Wood and her team said AI will significantly reduce the cost of software development because virtual assistants like ChatGPT will eventually write more code than human programmers. Since software often boosts productivity, Ark predicts lower costs will trigger a demand explosion that could translate into a $13 trillion opportunity across the industry by 2030. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Confluent (NASDAQ: CFLT) and Datadog (NASDAQ: DDOG) offer a growing portfolio of tools that are critical to software and AI development, so their respective stocks could soar if Ark's predictions are right. Here's why both of them could be great buys for the long term. 1. Confluent: A data streaming powerhouse Data is at the heart of most software applications, but especially those powered by AI. In the past, businesses would store their valuable information on servers that they maintained on site, and they would come back to analyze it at a later date. This strategy isn't workable anymore, because most businesses shifted their operations online, requiring their software to have access to data in real time. Cloud computing solves part of the problem because it enables businesses to store their data in centralized data centers, where it can be accessed online at any time. But Confluent's data streaming platform allows businesses to build data pipelines so they can ingest their data, process it, and use it to create an output in real time. Data streaming is the technology behind stock trading and sports betting platforms, which feed prices or odds to customers' smartphones in real time to create unique live experiences. But businesses of all kinds are using it. Walmart 's inventory management systems rely on data streaming to track stock levels in real time, so the company knows when a product is sold within seconds, allowing it to replenish the shelves before they run bare. Plus, it enables Walmart to display live inventory data on its website, so online shoppers know if a product is available before they hit the buy button. AI accelerates the need for data streaming, because chatbots and virtual assistants are constantly pulling data from different sources to generate responses for the end user. Confluent's technology is helping businesses turn generic AI applications into highly personalized assistants. For example, ChatGPT can probably tell you how much it costs to bring a surfboard onto a plane, because that information is available online. But it can't tell you whether your flight is delayed, nor can it help you move your ticket to a different day. 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Therefore, now could be a great time for long-term investors to take a position. CFLT PS Ratio data by YCharts 2. Datadog: A portfolio of critical tools for AI developers Datadog developed a cloud observability platform that businesses can use to monitor their digital infrastructure around the clock. It can alert them to website glitches or software system outages the moment they arise, so managers can fix them before they compromise the customer experience. Datadog had around 30,500 business customers at the end of the first quarter of 2025 (ended March 31). They come from a variety of industries including retail, entertainment, manufacturing, and even financial services. The company is now expanding its product portfolio to serve the growing number of those businesses adopting AI. Last year, Datadog launched an observability platform specifically for large language models (LLMs), which helps developers track costs, troubleshoot bugs, and measure the quality of their outputs so they can make changes to better suit their end users. During the first quarter, the number of customers using this product more than doubled compared to just six months earlier, so demand is soaring. In June, Datadog expanded its LLM observability platform to include a new product called AI Agent Monitoring, which tracks the behavior of AI agents to ensure they are delivering the intended outcomes. This tool will be increasingly important as businesses deploy more AI agents to autonomously handle operational tasks, because unproductive or erroneous agents could significantly impact employees and customers. Datadog said 4,000 of its customers were using at least one of its AI products at the end of the first quarter, doubling from the year-ago period. Uptake should continue at a rapid pace, because demand is likely to increase in lockstep with AI adoption. Datadog expects to generate as much as $3.235 billion in total revenue during 2025 -- a forecast it recently increased by $40 million thanks to the strong demand it experienced across the board during the first quarter. Its stock is down 28% from its all-time high, but it's still trading at a P/S ratio of 17.4, making it considerably more expensive than Confluent. However, that is well below its peak of above 60. DDOG PS Ratio data by YCharts Despite its elevated valuation, long-term investors could still earn a significant return from Datadog stock. If a $13 trillion opportunity unfolds in the software space by 2030 as Ark predicts, then Datadog's current stock price will probably look like a bargain when we reflect on this moment five years from now. Should you invest $1,000 in Confluent right now? 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Where Will ARK 21Shares Bitcoin ETF Be in 5 Years?
Where Will ARK 21Shares Bitcoin ETF Be in 5 Years?

Globe and Mail

time5 days ago

  • Globe and Mail

Where Will ARK 21Shares Bitcoin ETF Be in 5 Years?

Key Points The ARK 21Shares Bitcoin ETF closely tracks the price of Bitcoin, but it's simpler to manage than direct crypto ownership. Expert predictions for bitcoin's future range from explosive growth to utter skepticism. None of the differences among top spot bitcoin ETFs are deal-breakers; small details may matter for your portfolio, though. 10 stocks we like better than Ark 21Shares Bitcoin ETF › The ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB) is almost the same thing as owning Bitcoin (CRYPTO: BTC) directly. The exchange-traded fund (ETF) is a bit simpler to manage, since most stock-trading services can handle these funds. Crypto-trading functions are less common among traditional investing platforms. So the ARK 21Shares Bitcoin ETF will largely follow Bitcoin, wherever the oldest and largest cryptocurrency is going. But there are a couple of quirks in the ETF-based ownership, especially with a relatively small ETF like the ARK 21Shares option. Bitcoin predictions are all over the map First of all, many financial experts expect Bitcoin to move much higher by the year 2030. This faction is led by Strategy (NASDAQ: MSTR) chairman and co-founder Michael Saylor, who expects the coin to "appreciate faster than any other asset" in the long run. His company still develops enterprise software, but largely sees itself as a Bitcoin bank these days, taking on debt and selling shares for the sole purpose of buying more cryptocurrency. Fellow crypto bull Cathie Wood's ARK Invest also sees big gains ahead. Wood's research team recently raised their 2030 Bitcoin price target from $1.5 million to $2.4 million. Her company manages the ARK 21Shares Bitcoin ETF. There are also many economy experts who don't expect much of a Bitcoin boom. Investing legend Warren Buffett wouldn't buy all the Bitcoin in the world for $25, since the coin doesn't represent any actual products or services, for example. In this view, Bitcoin looks like a temporary fad without long-term value -- just another way to move money from one owner to another, with no actual value created along the way. Then again, Buffett was never a big fan of investing in gold -- for similar reasons. If you see investable qualities in the idea of storing value for the long term, then you might be a Bitcoin or gold investor. Personally, I think it's time for an all-digital currency to replace the dollar (and other old-school currencies) in many ways. Bitcoin must upgrade its encryption technology in order to stay ahead of the quantum computing threat, but otherwise, it looks ready to take on this role. Why you might prefer an ETF over "real" Bitcoin holdings Since you're still reading, you might want to give Bitcoin a shot after all. In that case, why buy a spot-price Bitcoin ETF instead of the real thing? There are many reasons. Let me highlight a few of the more popular arguments in favor of a Bitcoin ETF: The ETF is easier to handle in most cases. Trading an ETF is very similar to buying and selling ordinary stocks. You don't have to open a new account with a crypto-trading service, and even your retirement savings account could add crypto exposure with a simple ETF. ETFs can do some nice accounting tricks that generally aren't available to crypto investors yet. For example, you can easily use a Bitcoin ETF for tax-loss harvesting when prices are down. I'd talk to a qualified accountant before trying anything like that in the crypto world. Managing a crypto portfolio can quickly become a technical exercise. Should you rely on a central crypto-portfolio manager like Coinbase (NASDAQ: COIN) or Robinhood (NASDAQ: HOOD), or take direct ownership in a digital wallet with security keys? What happens if you lose those keys, or your chosen crypto exchange is hacked? The ETF route avoids most of these thorny technical issues. How ARK 21Shares stacks up against a more popular option Finally, there are nearly a dozen spot Bitcoin ETFs on the market today. What makes the ARK 21Shares fund stand out among this robust competition, led by the gigantic iShares Bitcoin Trust (NASDAQ: IBIT)? You can't really go wrong with the leading iShares ETF, which offers unmatched liquidity and a familiar brand name. However, the ARK 21Shares fund comes with a couple of unique details: Thanks to a different structure of shares issued per Bitcoin under management, the ARK 21Shares ETF trades at a lower share price. This gives investors more granular control over the amount of money they're putting into their Bitcoin ETF position. Each iShares ETF share represents roughly 0.000575 Bitcoins at the moment, and a share of the ARK 21Shares fund accounts for 0.000332 Bitcoins. If those fractions are hard to follow, you can think of them as 57,500 and 33,200 Satoshis (CRYPTO: SATS) instead. 100 million Satoshis equal one Bitcoin. iShares is a pretty faceless entity, controlled by financial services giant Blackrock (NYSE: BLK). The ARK Invest fund family is associated with famous growth investor Cathie Wood, who often explains her Bitcoin thinking in TV interviews and blog posts. The fees are slightly different, too. The iShares ETF's annual expense ratio is set to 0.25%, while the ARK 21Shares option carries a lower fee of 0.21%. Again, none of these differences are absolute game-changers or deal-breakers. Still, they are qualities you might consider before taking the plunge into the ETF-based Bitcoin waters. All things considered, the ARK 21Shares Bitcoin ETF will follow Bitcoin's price trends very faithfully over the next five years. The period includes another halving of Bitcoin mining rewards in 2028, and the quantum computing threat is many years away from becoming a real concern. In other words, I think this ETF will gain value over the next half-decade (but Warren Buffett is still not convinced). Should you invest $1,000 in Ark 21Shares Bitcoin ETF right now? Before you buy stock in Ark 21Shares Bitcoin ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ark 21Shares Bitcoin ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor 's total average return is1,047% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025

Cathie Wood Keeps Betting Big on Disruptive AI Stocks. Should You?
Cathie Wood Keeps Betting Big on Disruptive AI Stocks. Should You?

Globe and Mail

time7 days ago

  • Globe and Mail

Cathie Wood Keeps Betting Big on Disruptive AI Stocks. Should You?

Key Points Cathie Wood loves to invest in disruptive stocks. Palantir, one great AI stock she owns, is helping companies use AI to solve real-world problems. AMD and Amazon are two more AI companies she owns that have big opportunities ahead. 10 stocks we like better than Palantir Technologies › Ark Invest fund manager Cathie Wood likes to invest in innovative companies that are looking to disrupt their industries. As such, it's not surprising that she owns some top artificial intelligence (AI) stocks. With AI looking like it could be a once-in-a-generation technological opportunity that helps reshape the world, now could be a great time to follow Wood into several of the AI stocks she owns. Let's look at three AI names she holds that investors can buy right now. Palantir Palantir Technologies (NASDAQ: PLTR) is a top-10 holding in a few Ark exchange-traded funds (ETFs), including its flagship ARK Innovation ETF. It's easy to see why Wood is attracted to the stock. Palantir's Artificial Intelligence Platform (AIP) has been taking the commercial space by storm. Palantir started as a government-focused data-gathering and analytics company, but it's since leveraged that expertise to build what amounts to an AI operating system. AIP can gather data from a variety of disparate sources and then organize it into an "ontology" that then connects the data to their real-world counterparts. It then uses third-party AI models to discover and help solve real-world problems. AIP is being used across a wide range of industries. Its large number of use cases is what makes Palantir stock so exciting, as the opportunity is seemingly endless. The company has been seeing revenue consistently accelerate over the past seven quarters, cumulating in 39% growth in Q1. Palantir is a disruptive company with an enticing future ahead. Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) is a top-10 holding in the Ark Next Generation Internet ETF. While the chipmaker may not stand out as an AI disruptor -- given that it plays second fiddle to Nvidia in the graphics processing units (GPU) space -- AMD has a big opportunity in front of it with AI inference. While Nvidia has dominated the AI model training market thanks to its CUDA software advantage, AMD has been able to carve out a solid niche in inference as it is less technologically demanding than training and cost per inference is a big consideration. Best of all, the inference market is eventually expected to become the much larger of the two. If AMD can just take some GPU market share away from Nvidia, it is going to see a lot of growth in the years ahead. Meanwhile, there are already some signs AMD can accomplish this, with the company saying last quarter that one of the largest foundation AI model companies in the world was using its chips to run a significant portion of its inference. While I wouldn't expect AMD to displace Nvidia in the future, I do think its stock could outperform its larger rival given its smaller revenue base and big AI inference opportunity ahead. Amazon Amazon (NASDAQ: AMZN) is a top-10 holding in the Ark Autonomous Technology & Robotics ETF. While Amazon is not going to be mistaken for an under-the-radar stock, I do think its technology prowess often gets overlooked. The company created the whole cloud computing business with Amazon Web Services (AWS), which is now one of the industries most benefiting from AI. Amazon's cloud computing business is much more than just going out and buying Nvidia-powered servers and building data centers. Amazon has developed its own internal chips for AI training and inference, which ultimately gives it a cost advantage. Amazon also has developed software platforms to help customers create and deploy their own AI models and apps that can be run on its data center infrastructure. In addition to AWS, the company is also leading the charge on AI-powered robots. Amazon is the world's leading manufacturer and operator of mobile robotics, and recently deployed its 1-millionth robot. Because it uses these robots internally at its fulfillment centers and does not sell them, Amazon's leadership in this field doesn't get as much attention as it deserves. The company has incorporated AI into its robots to do things well beyond just moving boxes. It has robots that can spot damaged items before they are shipped and even ones that can repair themselves. In May, it introduced its first robot with a sense of touch, called Vulcan, that can retrieve items from tight spaces. It also recently launched an AI model called DeepFleet that can coordinate its entire robot fleet to better navigate its fulfillment centers, saving time. Amazon is one of the most innovative AI and robotics companies in the world, and it's just getting started. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,764!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $980,723!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to179%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy.

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