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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.

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Stanley Cup playoffs daily: Who wins Game 6 of Stars-Jets?

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Stanley Cup playoffs daily: Who wins Game 6 of Stars-Jets?

The Dallas Stars were in position to win their series against the Winnipeg Jets in Game 5 on Thursday; instead, the Jets blanked them 4-0, extending their postseason by at least one more game.

That game is Saturday in Dallas (8 p.m. ET, ABC/ESPN+). Will the Stars punch their ticket to the Western Conference finals — and a rematch against the Edmonton Oilers? Or will the Jets force a Game 7 back on home ice Monday?

Read on for a game preview with statistical insights from ESPN Research, a recap of what went down in Friday’s game and the three stars of Friday from Arda Öcal.

Matchup notes

Dallas Stars at Winnipeg Jets
Game 6 | 8 p.m. ET | ABC/ESPN+

With a 3-2 lead in the series, the Stars are -380 to win, per ESPN BET; the Jets are +290 to take the series. Dallas is +325 to win the Stanley Cup, while Winnipeg is +2200.

Including the series that have been completed this year, teams that have led 3-1 in a playoff series are 23-1 since 2023 (the only loser was the Bruins against the Panthers in the 2023 first round).

Can Connor Hellebuyck buck his nightmarish road/home split this postseason? He has gone 6-1 at home in the playoffs, with a 1.73 goals-against average and .916 save percentage; he’s 0-5 on the road, with a 5.84 GAA and .793 SV%.

Kyle Connor has been a reliable source of scoring for Winnipeg, with 16 points in 12 games. His 1.33 points-per-game rate is the third highest in a single postseason by an American-born player (minimum 10 games played), behind Jake Guentzel in 2018 (1.75) and Brian Leetch in 1995 (1.40).

Mikko Rantanen leads the goal- and point-scoring races this postseason, with nine goals and 19 points. His newly formed line with Mikael Granlund and Roope Hintz has outscored opponents 7-2 in 108:34 of ice time together.

Stars goalie Jake Oettinger has gone 17-6 with a 2.03 GAA and .924 SV% (with one shutout) in 23 career postseason games following a loss.


Öcal’s three stars from Friday

No. 34 scored the first goal of the game in the third period, which counts as the game winner. It was his first goal against the Panthers — and first against any team beyond the first round — in his postseason career.

2. Maple Leafs shot blockers

The Leafs blocked 31 shots in this game, including some key moments late in the third period, preserving a shutout for Joseph Woll and forcing a Game 7. This was Woll’s first career postseason shutout, and he got lots of help from his friends.

Pacioretty was responsible for the insurance goal in the third period, his third of the postseason as the veteran continues his quest for his first Stanley Cup.


Friday’s recap

Toronto Maple Leafs 2, Florida Panthers 0
Series tied 3-3 | Game 7 Sunday

With a trip to the Eastern Conference finals at stake for the Panthers — and a continuation of the playoff run on the line for the Leafs — the two teams remained scoreless through two periods, with memorable saves by both goaltenders. At 6:20 of the third period, Toronto captain Auston Matthews scored his first goal of the series, and that would prove to be all the team needed for the W; Max Pacioretty‘s goal at 14:17 added some reassurance. After a Game 5 he’d like to forget, Joseph Woll stopped all 22 shots he faced. The two teams head back to Toronto for Game 7 Sunday. Full recap.

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Max Pacioretty backhands a clutch goal for Leafs

Max Pacioretty scores Toronto’s second goal of the third period to give them a 2-0 lead in a must-win Game 6 vs. Florida.

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U.S. beats Germany 6-3 at ice hockey worlds

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U.S. beats Germany 6-3 at ice hockey worlds

HERNING, Denmark — The United States blew a three-goal first-period lead before beating Germany 6-3 at the ice hockey world championship on Saturday.

Conor Garland‘s power-play goal 4:50 into the third period proved to be the winner as the Americans moved level on points (11) with the Czech Republic, trailing Group B leader Switzerland by two points.

Tage Thompson struck 1:42 into the game on a power play for his fourth goal of the tournament. Frank Nazar doubled the advantage before Drew O’Connor made it 3-0 on a rebound with 5:43 left in the first.

But the U.S. is making a habit of squandering leads. The Americans lost a four-goal advantage before prevailing 6-5 over Norway in overtime Wednesday.

Germany scored three times in the second. Defenseman Erik Mic’s goal 8:43 into the period sparked the rally. Jonas Muller scored from the slot with 5:17 remaining and Wojciech Stachowiak tied it at 3-3 less than a minute later on a power play.

After Garland’s go-ahead goal, Logan Cooley made it 5-3 with 3:29 to go and Clayton Keller scored into an empty net with 1:53 left. Garland had three assists.

Germany has nine points.

In Stockholm, Finland defeated Latvia 2-1 to stay third in Group A with 11 points. Latvia has six points in fifth.

Later Saturday, Canada plays Slovakia and Sweden meets France in Stockholm, while the Czech Republic faces Kazakhstan in Herning, where Denmark takes on Norway.

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James Comey: Trump says ex-FBI director’s seashells post ‘meant assassination’

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James Comey: Trump says ex-FBI director's seashells post 'meant assassination'

A former FBI director has been interviewed by the US Secret Service over a social media post that Republicans say was a call for violence against President Donald Trump.

James Comey, who led the FBI from 2013 until he was fired in 2017 by Mr Trump during his first term in office, shared a photo of seashells appearing to form the numbers “86 47”.

James Comey, then the FBI Director, in July  2016. File pic: AP/J. Scott Applewhite
Image:
James Comey later removed the Instagram post. File pic: AP

He captioned the Instagram post: “Cool shell formation on my beach walk.”

Some have interpreted the post as a threat, alleging that 86 47 means to violently remove Mr Trump from office, including by assassination.

What does ’86 47′ mean?

The number 86 can be used as a verb in the US. It commonly means “to throw somebody out of a bar for being drunk or disorderly”.

One recent meaning of the term is “to kill”, according to the Merriam-Webster Dictionary, which said it had not adopted this meaning of 86 “due to its relative recency and sparseness of use”.

The number has previously been used in a political context by Matt Gaetz, who was President Donald Trump’s pick for attorney general but withdrew from consideration following a series of sexual misconduct allegations.

Mr Gaetz wrote: “We’ve now 86’d…” and listed political opponents he had sparred with who ended up stepping down.

Meanwhile, 47 is supposedly representing Mr Trump, who is the 47th US president.

Mr Comey later removed the post, saying he thought the numbers “were a political message” and that he was not aware that the numeric arrangement could be associated with violence.

“I didn’t realise some folks associate those numbers with violence. It never occurred to me, but I oppose violence of any kind, so I took the post down,” Mr Comey said.

Mr Trump rejected the former FBI director’s explanation, telling Fox News: “He knew exactly what that meant. A child knows what that meant… that meant assassination.”

Donald Trump Jr accused Mr Comey of “casually calling for my dad to be murdered”.

US Homeland Security Secretary Kristi Noem confirmed in a post on X that Mr Comey had been interviewed as part of “an ongoing investigation” but gave no indication of whether he might face further action.

The Secret Service is part of the Department of Homeland Security.

White House deputy chief of staff Taylor Budowich said Mr Comey had put out “what can clearly be interpreted as a hit on the sitting president of the United States”.

“This is deeply concerning to all of us and is being taken seriously,” Mr Budowich wrote on X.

Another White House official James Blair said the post was a “Clarion Call (…) to terrorists & hostile regimes to kill the President of the United States as he travels in the Middle East”.

Read more US news:
Smokey Robinson under criminal investigation
Cassie challenged over Diddy ‘freak off’ allegations

Mr Trump fired Mr Comey in May 2017 for botching an investigation into 2016 democratic presidential nominee Hillary Clinton, the White House said at the time.

While Mr Comey was the director of the FBI, the agency opened an investigation into possible collusion between the Trump 2016 presidential campaign and Russia to help get Mr Trump elected.

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