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.
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Image created with photos from Ark and Shutterstock.Loading… Loading…
2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kenworth has announced the addition of Bendix’ Fusion advanced driver assist system (ADAS) to its line of options on the T680 line of Class 8 commercial semi trucks – a lineup that includes the Next Generation T680E battery electric semi truck.
One of the many new trucks revealed at the 2025 ACT Expo in Anaheim, California earlier this year, the Next Generation Kenworth T680E featured the latest advancements in battery-electric technology, an enhanced exterior design, and a suite of new, in-cab technology that extends to the addition of three Bendix Fusion version: ADAS, ADAS PRO, and ADAS PREMIER.
All three of the announced ADAS packages offer updated Adaptive Cruise Control (ACC) with ACC Stop and Auto Go™, a new Pedestrian Autonomous Emergency Braking (PAEB) feature, and a new High Beam Assist feature to reduce the likelihood of blinding oncoming drivers supported by the addition of a new forward-looking camera.
Those updates are in addition to the ADAS units Autonomous Emergency Braking (AEB), Multi-Lane Autonomous Emergency Braking, Highway Departure Braking (HDB), and Stationary Vehicle Braking (SVB), Lane Departure Warning, and Bendix® Blindspotter® Side Object Detection already available on previous versions of the ADAS-equipped Kenworth.
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Kenworth migital mirrors
Kenworth DigitalVision Mirrors; via Bendix.
Now that we’ve got that acronym-loaded word-salad out of the way, we can get to the point: the newest generation of electric trucks is easier and safer to drive – and not just safer for the truck’s operators, but for the people who share the roads with them, too.
Kenworth T680E electric semi
Next Generation T680E; via PACCAR Kenworth.
The Next-Generation T680E is available with up to 605 peak hp and 1,850 lb-ft of torque from a PACCAR Integrated ePowertrain fed from a 500 kWh li-ion battery pack good for more than 200 miles of loaded range. The updated Class 8 BEV is rated up to 82,000 lb. gross vehicle weight ratings (GVWR), and can get that load back up to speed quickly with a 350 kW peak charge rate that means the T680E can charge up to 90% in just two hours.
“This move to a fully integrated and ground-up PACCAR design means we were able to design for enhanced serviceability,” explains Joe Adams, Kenworth’s chief engineer. “Providing easier access to the Master Service Disconnects for improved safety and increased uptime and allowing the use of the DAVIE service tool for troubleshooting and diagnostics.”
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Iran’s response to Israeli attacks on its nuclear facilities is “self-defence” and a “matter of principle”, the Iranian ambassador to the UK has told Sky News.
Speaking exclusively to The World With Yalda Hakim, Seyed Ali Mousavi said the “barbaric Israeli regime” is “violating international law” – describing Israel’s actions in recent days as “an act of aggression against the Iranian people”.
The conflict between Israel and Iran – once played out in a series of proxy wars – has escalated in the past three days.
Image: Sky’s Yalda Hakim spoke to Iran’s ambassador to the UK, Seyed Ali Mousavi
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1:42
Israel-Iran: How the conflict escalated
On Friday morning, explosions hit Tehran as Israel carried out a major attack on its top army leaders, nuclear sites, and nuclear scientists.
Iran threatened “severe punishment” and quickly retaliated with a wave of missiles.
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Missile aftermath in Israel
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0:31
Israeli missile hits warehouse in Iranian city
When questioned about whether Iran could continue fighting Israel, the Iranian ambassador told Yalda Hakim that “it is a matter of principle”.
He said: “This is about self-defence, there is no doubt about it.
“We are a responsible member state of the UN and we do all activities according to our international obligations.
“Any activities are only in the framework of self-defence.”
Image: Damage from an Iranian missile attack to a building in Bat Yam, Israel. Pic: Reuters
Image: Explosions over Jerusalem on Sunday
He added that his country would “do our best to preserve our territorial integrity”, and that “with the help of God”, Iran will “materialise endeavours concretely against our enemy – the Israeli regime”.
Mr Mousavi also told Hakim that Iran’s nuclear activities are “monitored”, and that recent comments by the International Atomic Energy Agency (IAEA) were “politically motivated”.
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Missiles have also been seen over Tel Aviv
The UN nuclear watchdog’s board of governors found Iran was not complying with its nuclear obligations for the first time in 20 years.
Iran said it has “always adhered” to the safeguarding obligations laid down by the watchdog.
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Iranian ambassador reacts to strikes – full interview
Announcing Operation Rising Lion on Friday, Israeli Prime Minister Benjamin Netanyahu claimed Iran had recently taken steps to weaponise enriched uranium, which could be used to make nuclear weapons.
But Mr Mousavi stressed that Iran’s “peaceful activities” at its “nuclear fields” were only for the “generation of electricity, and other peaceful” things.
Iran was due to continue its round of negotiations with the US in Muscat – however, this was cancelled, given recent tensions.
Liam Gallagher has criticised a Scottish council for suggesting Oasis fans were “drunk, middle-aged and fat”.
The remarks were revealed following a freedom of information request that was sent to Edinburghcouncil – ahead of the band’s three sold-out shows in Scotland this August.
The documents expressed concerns that the OasisLive ’25 tour would clash with the Edinburgh Festival Fringe – the world’s largest performance arts festival.
Image: Liam Gallagher (left) and Noel Gallagher. Pic: PA
One note warned that there would be a “substantial amount of older fans”, and that because “middle-aged men take up more room”, age and size should be considered in crowd control planning.
Another note suggested “medium to high intoxication” should be expected at the concert.
An additional remark said there was some “concern about crowds of Oasis on weekends as they are already rowdy, and the tone of the band”.
Image: The Fringe is one of the world’s largest performance arts festivals. File pic: PA
It also expressed concern for the “safety” at the Edinburgh Fringe – including for its performers.
“Many performers are considering not attending for that weekend,” one note read.
Liam Gallagherwas not impressed – and left the following message for the council on his social media.
“To the Edinburgh council I’ve heard what you said about Oasis fans and quite frankly your attitude f****** stinks I’d leave town that day if I was any of you lot.”
In a second post, he said: “I’d love to see a picture of all the people on the Edinburgh council bet there’s some real stunning individuals.”
Image: Liam Gallagher said the council’s attitude towards fans ‘stinks’. Pic: AP
David Walker, from the Oasis Collectors Group, has described the comments as “a nasty, sneering stereotype”.
“It’s a jaundiced view,” he added.
Local councillor Margaret Graham said that it is usual practice for the council to “prepare extensively” for major city events.
The culture and communities convener also said: “We’re very proud to host the biggest and best events in Edinburgh throughout the year, which bring in hundreds of millions of pounds to the local economy and provide unparalleled entertainment for our residents and visitors.
“As with any major event which takes place in the city, we prepare extensively alongside our partners to ensure the safety and best possible experience of everyone involved – and Oasis are no different.”
Image: Noel Gallagher (left) and Liam Gallagher at Wembley Stadium in 2008. Pic: PA
Around 210,000 fans are expected to attend the three Edinburgh gigs.
Oasis made their comeback announcement in August last year – ahead of the 30th anniversary of their debut album Definitely Maybe, released on 29 August 1994.
Liam and Noel Gallagher’s return also marks 15 years since the last time the brothers performed together before their infamous fallout – which was prompted by a backstage brawl before a Paris festival in August 2009.
Liam damaged one of his elder brother’s guitars, causing Noel to dramatically quit – ending the partnership that had propelled them to fame and fortune.
“It is with some sadness and great relief… I quit Oasis tonight,” Noel later said in a statement. “People will write and say what they like, but I simply could not go on working with Liam a day longer.”
The feud continued over the years, with the pair exchanging insults publicly – Liam on social media, Noel more when asked about his brother in interviews – but reportedly never speaking in person.
When his documentary As It Was was released in 2019, Liam told Sky News he had wanted to “break [Noel’s] jaw” after he apparently refused permission for Oasis music to be featured in the film.
But after 15 years, they have now made amends – giving thousands of Oasis fans the chance to see them play live once again.
Their top hits include Wonderwall, Don’t Look Back In Anger, Stand By Me, Lyla and The Importance of Being Idle.