ARK Investment Management LLC predicts that five disruptive technologies could reach a total market value of $220 trillion by 2030.
According to the latest white paper, Platforms Of Innovation How Converging Technologies Should Propel A Step Change In Economic Growth, the Cathie Wood-led investment company explores the ascendance of five critical technologies: Artificial Intelligence, Energy Storage, Robotics, Multiomics, and Public Blockchains.
These innovations are not merely advancing in isolation. Instead, they are converging, setting the stage for an explosive increase in productivity and economic development.
Our technological forecasts suggest that the time is now that a new era of accelerating macroeconomic growth will begin this decade, says ARK chief futurist Brett Winton, who authored the report. Five Catalysts Of Economic Transformation Artificial Intelligence (AI): Now seamlessly integrated into various sectors, AI is set to turbocharge productivity worldwide. The growth in the AI industry is captured by ARKs flagship fund, ARK Innovation ETF ARKK . Energy Storage: Innovations have leveled the playing field for electric vehicles, making them as economical as traditional gas-powered cars. Robotics: The proliferation of technologies from reusable rockets to autonomous delivery bots marks a new era in automation. This market is monitored through the ARK Autonomous Technology & Robotics ETF ARKQ Multiomics: Advancements in this field are revealing new dimensions of life and health, promising breakthroughs in biology and medicine. These innovations are tracked by the ARK Genomic Revolution ETF ARKG Public Blockchains: Led by the widespread adoption of Bitcoin BTC/USD , blockchain technology challenges the conventional financial order, poised to redefine finance.
Wintons analysis predicts that the convergence of these technological platforms will catalyze a step change in market value and economic growth.
By 2030, the market value of these disruptive innovations could soar to an estimated $220 trillion, up from the current $19 trillion, marking an average annual growth rate of 42%.Loading… Loading… Projected Annual Growth Rates (2023-2030) AI: 37% Energy Storage: 50% Public Blockchains: 48% Robotics: 78% Multiomic Sequencing: 39%
Drawing parallels with Teslas ascent to a $600 billion market cap, the white paper highlights the potential of innovative companies.
Currently, only a small fraction of S&P 500 companies (less than 2%), representing more than 35% of its market cap, exceed this valuation.
Looking ahead, ARK Investment expects these technological advancements to push real GDP to $170 trillion by 2030 and further to $470 trillion by 2040.Cryptocurrency: Beyond A Digital Asset
The white paper also sheds light on cryptocurrencies as potential stabilizers for renewable energy grids.
According to Winton, bitcoin mining should foster the economic installation of large-scale renewable energy and battery systems, which, in a virtuous cycle, should increase the security of the Bitcoin blockchain.
By 2030, the valuation tied to Public Blockchain innovations is expected to reach around $40 trillion.
Cryptocurrenciesand, to a lesser extent, smart contract protocolsare likely to compete with fiat currencies, ARK stated.
Read Now: Gold Investors Should Own These ETFs, Says Bank Of America: Why Analysts Expect Gold Spike To $2,600
Image created with photos from Ark and Shutterstock.Loading… Loading…
2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
R&B star Cassie Ventura told Sean “Diddy” Combs “I’m not a rag doll, I’m someone’s child”, after he allegedly beat her outside a lift at the Intercontinental Hotel in Los Angeles in March 2016, a New York court has heard.
Footage of Combs appearing to drag and kick the R&B star in a corridor was initially released by CNN in May 2024. Combs subsequently apologised for his actions.
Please use Chrome browser for a more accessible video player
1:29
CCTV footage shows Diddy ‘attacking’ Cassie in hotel
The footage of the incident, which Cassie says took place after she left a “freak off” sex session, has since been widely shared and has been shown to the jury in court as evidence for the prosecution.
Combs, 55, faces five criminal counts: one count of racketeering conspiracy; two counts of sex trafficking by force, fraud or coercion; and two counts of transportation to engage in prostitution. He denies the allegations against him.
Cassie, whose full name is Casandra Ventura, alleges she was physically abused and degraded for years by the powerful hip-hop star and music executive, accusing him of violence, coercion, blackmail and rape.
The 38-year-old, who is the star witness for the prosecution, faced a fourth day on the stand, with the hip-hop mogul’s defence lawyers concluding their two-day cross-examination.
Heavily pregnant, she is expecting her third child in just a few weeks.
More on Sean Combs
Related Topics:
Prosecutors say Combs exploited and used his network of employees to facilitate illegal activities, while defence lawyers have been attempting to show jurors she consented to their highly charged “swingers lifestyle”.
The court also heard further details of Cassie’s allegation of rape against Combs, information around her stay at a trauma and addiction centre in Arizona and further messages appearing to show her enthusiasm for freak offs.
Image: Sean Combs and Cassie in 2017. Pic: zz/XPX/STAR MAX/IPx 2017/AP
Cassie was asked about singer Chris Brown – who she denied dancing with – and tells the court Combs had form for taking her belongings, including her phone, car and watch, when he was angry with her.
An audio recording was also played to the court, appearing to show Cassie threatening a man she claimed to have a video of her at a freak off on his phone, screaming: “I will f*** you up and it won’t be my hand”.
It was not clear as to whether such a video ever existed.
Cassie was also asked about her use of drugs, and said she had struggled with opioid addiction since 2022.
She described a 45-day stay at a rehabilitation centre in Arizona in 2023, where she underwent EMDR (Eye Movement Desensitisation and Reprocessing) to help resolve trauma.
The centre specialises in treating “sex and intimacy issues”, but Cassie confirmed she was treated only for trauma.
The court also heard about Cassie’s allegation of rape against Combs in August or September 2018, by which time she says they had split up.
The pair were together, on and off, for about 11 years from 2007 to 2018.
Image: A court sketch of Combs and Cassie. Pic: Reuters/Jane Rosenberg
‘I have love for the past, what it was’
Describing Combs taking her for dinner at an Italian restaurant in Malibu, she says he raped her after driving her home, after “acting strangely” during the meal.
When asked if she believed his behaviour was due to his “bipolar disorder”, Cassie answered “yes”.
The jury was then shown a text message which included a heart emoji, sent by Cassie to Combs the following day.
When asked if she still had love for him, she said: “I have love for the past, what it was.”
Cassie confirmed she saw Combs the following month, when she said she had consensual sex with him, during which her now-husband, personal trainer Alex Fine, attempted to FaceTime her.
She said she didn’t tell Fine she had been raped by Combs at the time, but that he “punched a wall” when she later told him.
Combs paid close attention to Cassie’s cross-examination, leaning in to read transcripts on the monitor in front of him and passing down notes to his lawyer. Cassie did not look at him throughout the trial.
Image: Cassie’s husband, Alex Fine (left), outside court. Pic: Reuters/David ‘Dee’ Delgado
A ‘$10m’ settlement with the Intercontinental
Towards the end of her questioning by the defence, Cassie was read a message from Combs in September 2012, in which he asked “do you want to have our last FO [freak off] tonight?” – to which she responded, “I don’t want to freak off for the last time, I want it to be the first time for the rest of our lives”.
In a surprise turn, Cassie also confirmed that an expected settlement of $10m had been agreed with the Intercontinental Hotel in Los Angeles, where she was assaulted.
Following her time in court, she released a statement saying she hoped her testimony would help others “heal from the abuse and fear”.
“For me, the more I heal, the more I can remember,” she said. “And the more I can remember, the more I will never forget.”
The next witness, special agent Yasin Binda, detailed items found during a search of Combs’s Park Hyatt hotel room in 2004, following his arrest that year.
She showed the court images of exhibits including lubricant and baby oil, drugs and a bum bag containing $9,000 (£6,800) in cash.
Image: Dawn Richard points at Combs during the trial. Pic: Reuters/Jane Rosenberg
‘Hit over the head with a skillet of eggs’
At the end of the day, Dawn Richard, a former member of girl group Danity Kane and trio Dirty Money, gave evidence, telling the court she observed Combs attacking Cassie, including a time he “hit her over the head with a skillet of eggs”.
She went on to say Combs “dragged” Cassie upstairs where she “heard glass breaking”, adding she had “never seen anything” like it before – “he was punching his girlfriend”.
Richard said she didn’t intervene or report the incident to the police as she was “scared”.
The singer sued Combs last year, accusing him of physical abuse, groping and psychological abuse during her time working with him.
Combs has been jailed since September and faces at least 15 years or possibly life in prison if convicted.
LONDON, Ontario — The judge handling the trial of five Canadian hockey players accused of sexual assault dismissed the jury Friday after a complaint that defense attorneys were laughing at some of the jurors.
Ontario Superior Court Justice Maria Carroccia will now handle the high-profile case on her own.
The issue arose Thursday after one of the jurors submitted a note indicating that several jury members felt they were being judged and laughed at by lawyers representing one of the accused as they came into the courtroom each day. The lawyers, Daniel Brown and Hilary Dudding, denied the allegation.
Carroccia said she had not seen any behavior that would cause her concern, but she concluded that the jurors’ negative impression of the defense could impact the jury’s impartiality and was a problem that could not be remedied.
Michael McLeod, Dillon Dube, Carter Hart, Cal Foote and Alex Formenton were charged with sexual assault last year after an incident with a then-20-year-old woman that allegedly took place when they were in London for a Hockey Canada gala celebrating their championship at that year’s world junior tournament. McLeod faces an additional charge of being a party to the offense of sexual assault.
All have pleaded not guilty. None of them is on an NHL roster or has an active contract with a team in the league.
The woman, appearing via a video feed from another room in the courthouse, has testified that she was drunk, naked and scared when men started coming into a hotel room and that she felt she had to go along with what the men wanted her to do. Prosecutors contend the players did what they wanted without taking steps to ensure she was voluntarily consenting to sexual acts.
Defense attorneys have cross-examined her for days and suggested she actively participated in or initiated sexual activity because she wanted a “wild night.” The woman said that she has no memory of saying those things and that the men should have been able to see she wasn’t in her right mind.
A police investigation into the incident was closed without charges in 2019. Hockey Canada ordered its own investigation but dropped it in 2020 after prolonged efforts to get the woman to participate. Those efforts were restarted amid an outcry over a settlement reached by Hockey Canada and others with the woman in 2022.
Police announced criminal charges in early 2024, saying they were able to proceed after collecting new evidence they did not detail.
Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported.
According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed.
France’s Interior Minister BrunoRetailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks.
“These repeated kidnappings of professionals in the crypto sector will be fought with specific tools, both immediate and short-term, to prevent, dissuade and hinder in order to protect the industry.”
Law enforcement officers will also undergo “anti-crypto asset laundering training,” Retailleau noted.
Retailleau met with several local leaders from the crypto industry to discuss the measures following three crypto-related kidnapping incidents in recent months.
Two kidnappings and a failed attempt in France this year
The latest incident occurred on May 13, when assailants attempted to abduct the daughter and grandson of Pierre Noizat, CEO of the French crypto platform Paymium. Fortunately, they managed to fend off the attack, which occurred in broad daylight.
The assailants tried to force the pair into a waiting van, but Noizat’s daughter managed to take one of the guns off an assailant and throw it away, local police said.
En plein Paris, un homme a été violenté par des individus cagoulés, habillés tout en noir. Ils tentaient de l’enlever. Un homme a surgi, extincteur à la main, pour les faire fuir. →https://t.co/P0qV6PR40vpic.twitter.com/9f4r2Gi7ho
On May 3, Paris police freed the father of a crypto entrepreneur who was held for several days in connection with a 7 million euros ($7.8 million) kidnapping plot.
Retailleau said earlier this week that he believes the incidents were likely connected.
There have been over 150 crypto-related robbery or kidnapping incidents since 2014, with 23 of those incidents occurring in 2025 alone, according to a GitHub database maintained by Bitcoin cypherpunk Jameson Lopp.
Lopp noted many of these criminals typically identify future victims through social media posts, public conversations, meetups, and conferences.
He strongly advises against peer-to-peer trades — particularly with people you don’t trust — flaunting wealth on social media and wearing crypto-branded clothing.