Ark Invest’s Cathie Wood said on Wednesday that artificial intelligence is the most important catalyst in every aspect of her disruptive innovation strategy. “Many people say data is the new gold when they talk about the cloud and other movements in technology, I think that’s increasingly true with artificial intelligence,” Wood said on CNBC’s “Squawk Box.” The much-followed investor says most of the companies in her portfolio have a so-called data advantage, which is a “secret sauce”. For example, ChatGPT, an AI-generated messaging platform, can create compelling content because it collects the entire history of the Internet and answers questions based on that history, Wood said. “I think the key here is who has the proprietary data.” Wood said. “I think there’s going to be a lot of commoditization in this industry, in the whole artificial intelligence movement.” In September, Ark Invest launched a new venture fund, geared towards individual investors with a minimum investment of just $500. The actively managed Ark Venture Fund invests in 70% private companies and 30% public companies focused on technology innovation. Wood said one of the companies in the venture fund is private software company MosaicML. Meanwhile, she said Exact Science, Ark’s Innovation ETF’s third-largest fund, is also a leader in AI. “What an advantage in terms of cancer data, thanks to the molecular diagnostic testing franchise and because of its worldwide distribution,” says Wood. In its base case, Ark believes Exact Science could compound at an average annual rate of 25%, reaching $140 by 2027. Shares were trading around $67 per share on Wednesday. Private.