AKT

2026-07-05 18:24:12

ARK Invest Ramps Up AI Bets with CoreWeave Stake and OpenAI Entry

Cathie Wood's ARK Invest aggressively pivoted its portfolio, buying ~83,764 CoreWeave shares ($6.9M) and acquiring first direct OpenAI Series C stake via three ETFs. It also expanded into autonomous trucking (Kodiak AI), nuclear (Oklo), and genomics while trimming legacy health and social media names, reinforcing its high-conviction AI thesis despite ARKK's underperformance.

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ARK Invest Ramps Up AI Bets with CoreWeave Stake and OpenAI Entry
2026-07-05 15:39:12

Elon Musk's xAI Data Center Opened to Rival Anthropic in Surprise AI Deal

SpaceX, owned by Elon Musk, has unexpectedly partnered with AI firm Anthropic, leasing 300 megawatts of computing power from the Colossus 1 data center originally built for xAI's Grok. This rare cross-competitor infrastructure deal signals a new commercial strategy for Musk's firms and could reshape AI cloud computing, with potential implications for crypto compute tokens.

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Elon Musk's xAI Data Center Opened to Rival Anthropic in Surprise AI Deal