Cathie Wood is doubling down on AI in a big way, adding exposure to OpenAI across multiple ARK ETFs as its valuation reportedly climbs toward $852 billion. What makes this move interesting is the contradiction she’s openly acknowledging. OpenAI, the company behind ChatGPT, is being valued like a tech giant… despite not operating like one in the traditional sense. Wood pointed out the “no compute, no revenue” dynamic, highlighting how much of the company’s infrastructure and monetization model is still evolving. This is a clear signal of how investors are thinking about AI right now. The focus isn’t on current earnings. It’s on future dominance. The belief is that companies shaping foundational AI models today could control massive portions of the economy tomorrow. At the same time, it raises real questions. How do you value a company that is still building its business model? And how much of this surge is driven by long-term vision versus short-term hype? Wood’s move suggests convictio...