2026年重大理念研究报告

BIG IDEAS 2026RESEARCH REPORTFOR INFORMATIONAL PURPOSES ONLYARK Investment Management LLC Thisis not a recommendation in relation to any named particular securities/cryptocurrencies and no warranty or guarantee is provided.Anyreferencesto particular securities/cryptocurrencies are for illustrative purposes only.There is no assurance that the Adviser will make anyinvestments with the same or similar characteristics as any investment presented. The reader should not assume that an investment identified wasor will be profitable. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE, FUTURE RETURNS ARE NOT GUARANTEED. Risks Of Investing In Innovation Please note: Companies that ARK believes are capitalizing on disruptive innovation and developing technologies to displace older technologies orcreate new markets may not in fact do so. ARK aims to educate investors and seeks to size the potential investment opportunity, noting that risksand 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. Please read risk disclosure carefully. àAim for a cross-sector understanding of technologyand combine top-down and bottom-up research. The Great AccelerationAI InfrastructureThe AI Consumer Operating SystemAI ProductivityBitcoinTokenized AssetsDecentralized Finance ApplicationsMultiomicsReusable RocketsRoboticsDistributed EnergyAutonomous VehiclesAutonomous Logistics041925323845525878839095101 Big Ideas 2026marks the 10th annual edition of ARK Invest’s flagshipresearch report, designed to identify and contextualize the technologiesreshaping the global economy. Each year, we sift through short-term noiseto find signal and focus on long-term innovation platforms, as exponentialtechnologies are converging, markets are transforming, and entirely newopportunities are emerging. Big Ideas is not a forecast of incrementalchange. It is a framework for understanding step-function changes ingrowth. In this year’s report, we explore 13 Big Ideas spanning artificial intelligence,robotics, energy, blockchain, space, and biology. Based on our research inboth public and private markets, these Big Ideas are compounding toredefine productivity, capital allocation, and competitive advantage acrossindustries. We examine how these technologies are moving fromexperimentation to scale, and how their convergence is accelerating thepace of change faster than consensus expectations. For a decade, Big Ideas has served as a signal for what’s next. Big Ideas2026 continues that mission, equipping investors, businesses, anddecision-makers with a clearer view of where innovation is heading beforeit becomes obvious. The future doesn’t arrive all at once. Those who recognize it early have theopportunity toOwn What’s Next. Welcome to ARK Invest’s Big Ideas 2026. The GreatAcceleration AI Is The Central Dynamo,Accelerating Five Major InnovationPlatforms And Igniting An InflectionIn Macroeconomic Growth Brett WintonChief Futurist Technological Convergence Is Accelerating Five major innovation platforms—AI,Public Blockchains,Robotics,EnergyStorage, andMultiomics—are becomingincreasingly interdependent asperformance advances in one platformunlock new capabilities in another. Reusable RocketssendingAutonomousMobilityAI chips to orbit could becomecritical to scaling theNext Gen Cloud. Multiomicsdata permissioned onDigitalWalletscould powerNeural Networksthat catalyze the development ofPrecision Therapiesto cure rare diseases. Technology Platform Growth Rates Are Accelerating And Catalyzing One Another Disruptive technologies are intermeshing.Convergence Network Strength, a measureof the degree to which disruptivetechnologies are catalyzing and beingcatalyzed by each other, increased 35% in2025. AI remains the critical enabling innovationplatform, the importance of robotics as acatalyst inflected in 2025. Among major new developments: theworld’s largest robots—reusable rockets—could play an extraordinary role in enablingAI; energy storage and distributed energysystems have become critical enablers ofnext gen cloud build-outs; and smartcontracts and stablecoins could support aglobal digital monetary ecosystem, allowingAI agents to coordinate and direct real-world resources. Convergence Should Lead To Major Increases In Demand Neural networkdemand fornext gen cloudcompute is running into earthly scaling constraints.Reusable rocketscould come to the rescue. At acompetitive cost, space-based AI compute could provide the cloud with the computational power that neural networks need for continued growth.AI chip growth could increase demand for reusable rockets 60x relative to our existing model. Select Historical Technological Investment Waves Each Disruptive Technology Could Generate Profound Macroeconomic Results,Humanoid Robots In The Home, A