Cathie Wood, the founder of asset management firm Ark Investment Management LLC, expressed that the advancement of artificial intelligence (AI) enables companies to streamline their human recruitment processes. On Wednesday, Wood mentioned that her company exercises great caution in hiring, adhering to Elon Musk's principle that there must be a strong, justifiable reason to welcome new members into the team. Ark is now one more company revising its recruitment strategies in light of the anticipated productivity enhancements driven by AI.