【英文】ARK投资公司年度报告：ARK Big Ideas 2023（153页）

Please note: Companies that ARK believes are capitalizing on disruptive innovation and developing technologies to displace older technologies or create new markets may  not in fact do so. ARK aims to educate investors and seeks to size the potential investment opportunity, noting that risks and uncertainties may impact our projections and  research models. Investors should use the content presented for informational purposes only, and be aware of market risk, disruptive innovation risk, regulatory risk, and  risks related to certain innovation areas.ARK aims to deliver long-term capital appreciation by investing in the leaders,  enablers, and beneficiaries of disruptive innovation. 

We believe every investor  should have a strategic allocation to innovation, not only to access potential  exponential growth opportunities typically absent from broad-based indices, but  also to hedge against the increasing risk that incumbents will be disrupted.  To enlighten investors on the long-term impact of innovation, we began publishing  Big Ideas in 2017. This annual research report seeks to highlight the technological  breakthroughs evolving today and creating the potential for super-exponential  growth tomorrow. We believe that innovation is taking off now, corroborating our original research  and boosting our confidence that ARK’s strategies are on the right side of change.