A brief background of the important news
Recently, Cathie Wood, a well-known investor and CEO of Ark Investment, has been making constant moves.
On April 11, the Ark Venture Fund under "Sister Wood" announced that it had invested in OpenAI. However, the fund has not disclosed the size of its investments.
The Ark Venture Fund, a $54 million venture fund owned by Ark Investments, has also invested in Anthropic, a rival to OpenAI, and Figure AI, a humanoid robotics startup that has recently attracted much attention.
According to Bloomberg, Brett Winton, chief futurist and investment committee member of Ark Investments, said that their holdings in OpenAI account for about 4% of the fund's total holdings.
In addition, Tesla's negative news is frequent, but "Sister Wood" still said in an interview with CNBC that she is optimistic about Tesla's future prospects and expects Tesla's stock price to rise to $2,000 in the future.
So, what should we think of Sister Wood's investment in OpenAI and what she thinks of Tesla?
The following is Wang Yuquan's important news commentary:
Recently, Cathie Wood, a prominent figure in the field of technology investment, announced that she had invested in OpenAI.
We all know that "Sister Wood" is known for being more radical in the field of technology investment, that is, she invested in Tesla early, and of course made a lot of money.
It's just that then we all know that the overall economic situation has changed, and our statement is that the entire stock market has maintained high Treasury interest rates as the Federal Reserve continues to raise interest rates, causing a recession in technology investment.
Until now, the entire stock market can be said to have changed from the past called the era of trend investing, that is, more emphasis on trends, more emphasis on the future, and even more emphasis on stories, back to the era of value investing, no matter how great a company you are, you tell me your income, profits, cash flow, when you make how much money.
So now many companies with a very promising future are at a low value, such as the famous Tesla. Of course, "Sister Wood" has always been known for being a very strong supporter of these tech startups.
In the previous paragraph, someone interviewed "Sister Wood" and said what do you think Tesla's stock price should be in five years. "Sister Wood" said about $2,000.
We all know that the value of Tesla's stock is less than 200 yuan, what does that mean? It means that according to the estimate of "Sister Wood", Tesla's stock will increase 10 times in five years. If you believe in "Sister Wood", this is really a very good investment opportunity, and it is rare for stocks to multiply 10 times in 5 years.
So if you ask me about my attitude, frankly speaking, I don't speculate in stocks, I only understand the technology industry, I only understand technology companies, but I don't know much about the current stock price.
But if you want to ask me if this company is good? I'll give you a simple analysis. First, is this electric vehicle a trend? In 5 years, electric vehicles will definitely be a trend, and it must be a clearer trend. Second, is there any competitor in its market? Of course, China has many competitors, but it still has two markets, and it is very difficult for Chinese competitors to compete with it in the past, one is called the United States and the other is called Europe.
Why is it that where China can't compete, it has no competitors? Because Europe and the United States are generally traditional car manufacturers, very weak, and their electrification actions are slow, so that the governments of these countries have postponed the electrification plan of the whole country, because it is really the traditional car manufacturers who are too stretched.
Don't forget that Tesla also has a killer feature, that is, the FSD V12 has recently been launched, which has achieved full autonomous driving.
So frankly, I still can't say whether "Sister Wood" expects Tesla's stock price to rise to 2000 in the next five years. But I can assure you that in five years' time, Tesla's leadership in the electric vehicle industry will be strengthened even more, especially in Europe and the United States.
In the next few years, China's electric vehicles will be relatively slow to enter the European and American markets, but don't forget that Europe and the United States are still the world's largest car markets, so Tesla is almost the only electric vehicle company in the European and American markets that can replace traditional fuel vehicles on a large scale, so do you say it's good?
First, I think if I were Cathie Wood, I would have invested in OpenAI a long time ago, because OpenAI's dominance of AI is very clear. Of course, Cathie Wood has also laid out other AI companies, including OpenAI's main competitor, Anthropics.
So there's no fuss about me saying this, but on the other hand, Cathie Wood's investment in OpenAI does have something that everyone should be concerned about, and I'm sure most people will ignore it.
Because OpenAI has staged a palace drama before, the reason for this palace drama is that the entire structure of OpenAI is very unreasonable, on the one hand, it is a non-profit organization, and this non-profit organization is actually not operating. It's fine if it's a huge nonprofit, but it's an empty shell.
And there are many directors on the board of directors of this shell non-profit organization who can decide the success or failure of the for-profit organization. In other words, it was the board of directors of the non-profit organization that drove Sam Altman, the CEO of OpenAI, out of the company in the first place, not the board of directors of the for-profit organization, so this is very fatal, and this structure is problematic.
Now that commercial investment institutions like Cathie Wood Ark Fund have settled in OpenAI, I think it will be of great help to the adjustment of OpenAI's entire governance structure. Then we also hope that OpenAI should actually be more commercial in the future.
Of course, many people will object, saying that OpenAI was originally established to prevent the excessive development of artificial intelligence and pose a threat to mankind, so it is a public welfare organization, and it deliberately does not make it so commercial, why do you want it to be commercialized now?
In fact, the reason is very simple, let's not misunderstand, commercialization is not a bad thing, especially since we say that since the Industrial Revolution, you will find that the most valuable enterprises in each era, or the most successful entrepreneurs, are often technology entrepreneurs.
It was those who brought advanced technology to everyone and benefited everyone in that era, and they actually became the richest men, what is the reason?
They were financially rewarded, and to put it bluntly, it was because everyone voted with their feet and decided to give their money to this person, so he became the richest man.
So I think that in the era of artificial intelligence, or the long-term development of the future, it is still rational to look at this society, this society votes with their feet, and we hope that more and more people will become the richest man because he has benefited the society.
Of course, we also hope that more and more companies will develop and get business returns because it helps us solve social problems. To put it simply, there is no contradiction between benefiting society and business success. At this time, artificially stripping a company that can use business to better benefit society from this dimension of business is actually doing the opposite.
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