Renowned investor Cathie Wood: Artificial intelligence raises the recruitment threshold.

The development of artificial intelligence means that asset management company Ark Investment Management LLC can reduce human recruitment, said the founder of the institution focused on investing in disruptive technology, Cathie Wood. Wood said to reporters in Helsinki on Wednesday, "We are very cautious in recruitment because we adhere to Elon Musk's idea - there must be a good reason for new members to join our team." Ark is another company adjusting its recruitment plans due to the productivity boost brought by artificial intelligence.