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Cathie Wood is a fan of this AI company, and says the 'AI revolution' will 'change everything'

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The founder and CEO of Ark Invest says it's 'one of the best AI companies in the world.'

Cathie Wood says a U.K.-founded company is "one of the best AI companies in the world." That's DeepMind, an artificial intelligence research lab acquired by Google in 2014 and founded in 2010. It now operates as Google DeepMind. "DeepMind … is one of the best AI companies in the world and has been very important, I think, to Google's evolution," Wood, Ark Invest's founder, told CNBC's " Squawk Box Europe " on Wednesday.

Wood said Wednesday that the "AI revolution is upon us and is going to change everything" despite fears that there will be a repeat of the dotcom bubble bust in the 1990s. "I think whenever there's a lot of excitement about a new technology and capital flows aggressively into the space, mistakes are going to be made," she said. "But we do believe it is an enormous opportunity.

 

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