章节 1：创新之年与自动驾驶出租车的崛起

📝 本节摘要：

Cathie Wood 首先回顾了过去一年在创新领域的非凡表现，并将其定义为“自动驾驶出租车之年”（Year of the Robo Taxi）。她特别对比了 Waymo 的稳步推进与 Tesla 在奥斯汀启动服务后的迅速扩张，指出了这一领域的爆发式增长。

[原文] [Cathie Wood]: greetings everyone my name is Kathy Wood CEO and CIO of Arc Invest we've just uh been through one heck of a year for innovation

[译文] [Cathie Wood]: 大家好，我是 ARK Invest 的 CEO 兼 CIO Cathie Wood。我们在创新领域刚刚经历了一段非凡的一年。

[原文] [Cathie Wood]: uh this will be considered the year of the robo taxi whimo had been pro proceeding slowly uh but Tesla uh started in Austin in June and both Whimo and Tesla are proliferating pretty quickly now

[译文] [Cathie Wood]: 这一年将被视为“自动驾驶出租车（Robo Taxi）之年”。Waymo 之前的进展一直比较缓慢，但 Tesla 于 6 月在奥斯汀启动了相关服务，目前 Waymo 和 Tesla 两家公司的业务都在迅速扩张。

章节 2：太空探索的宏图与 AI 四巨头的竞逐

📝 本节摘要：

本节涵盖了物理世界与数字世界的两大前沿：太空与 AI。在太空方面，SpaceX 通过 Starlink 实现了全球覆盖，且外界对马斯克的月球及火星计划（包括太空数据中心）有了更深了解。在 AI 方面，她描述了 OpenAI、Anthropic、xAI 和 Gemini 这“四大巨头”之间激烈的“蛙跳式”竞争，特别是 Gemini 从蛰伏到成熟的转变。

[原文] [Cathie Wood]: uh we also had a great year in terms of space exploration uh SpaceX made all kinds of announcements uh and is delivering service uh Starlink throughout the world

[译文] [Cathie Wood]: 我们在太空探索方面也度过了伟大的一年。SpaceX 发布了各种公告，并且正在通过 Starlink（星链）向全球提供服务。

[原文] [Cathie Wood]: uh but we're also learning more about uh Elon's plans for the moon for solar p powered data centers in space uh and for Mars and you'll see uh a lot of what we expect uh for the next 20 to 25 years in our open-source SpaceX model that came out uh around mid year and caused quite a stir

[译文] [Cathie Wood]: 同时我们也更多地了解了 Elon 关于月球、太空中的太阳能驱动数据中心以及火星的计划。你们可以在我们要年中发布的开源 SpaceX 模型中看到许多我们对未来 20 到 25 年的预期，该模型当时引起了不小的轰动。

[原文] [Cathie Wood]: uh we also had tremendous breakthroughs in AI with the big four uh leaprogging each other consistently so OpenAI Anthropic XAI and Gemini

[译文] [Cathie Wood]: 我们在人工智能（AI）领域也取得了巨大的突破，“四大巨头”——即 OpenAI、Anthropic、xAI 和 Gemini——在不断地相互超越。

[原文] [Cathie Wood]: gemini having uh been the sleeper and really uh coming of age uh this year uh so they are driving each other and competing uh to help power us into an amazing new world

[译文] [Cathie Wood]: Gemini 曾经是一个蛰伏者，但在今年真正成熟并独当一面。所以它们正在互相驱动和竞争，助力我们将进入一个惊人的新世界。

章节 3：基因组学的里程碑与医疗监管的松绑

📝 本节摘要：

Cathie Wood 强调了基因编辑技术在临床上的有效性，特别是 CRISPR Therapeutics 已通过治愈镰状细胞病等疾病开始产生收入。她还提到了 FDA 积极放松管制的态度，以及测序技术、AI 和基因编辑的融合如何降低新药研发成本并实现疾病的早期诊断。

[原文] [Cathie Wood]: uh we also had in the genomic space uh proof that gene editing works uh crisper therapeutics is generating revenues from curing cickle cell disease and betaththalmia

[译文] [Cathie Wood]: 在基因组学领域，我们也获得了基因编辑行之有效的证据。CRISPR Therapeutics 已经通过治愈镰状细胞病和 β-地中海贫血症产生了收入。

[原文] [Cathie Wood]: and we've had an FDA very busy in terms of deregulation and trying to open up this new world uh which is the convergence among sequencing technologies AI and gene editing to cure disease diagnose disease very early on and to collapse the cost of research discovery and development of new drugs

[译文] [Cathie Wood]: 我们也看到 FDA 在放松管制方面非常忙碌，试图通过融合测序技术、AI 和基因编辑来开启这个新世界，以治愈疾病、极早期地诊断疾病，并大幅降低新药的研究发现与开发成本。

章节 4：数字资产的演变与未来展望

📝 本节摘要：

最后，Wood 谈到了稳定币（Stablecoins）出人意料的爆发式增长，并在某种程度上取代了比特币原本预期的部分角色。她同时指出，随着黄金价格翻倍，比特币作为“数字黄金”的价值理应更高。致辞结尾，她预告了即将发布的《Big Ideas 2026》。

[原文] [Cathie Wood]: and then of course one of uh the biggest surprises has been the proliferation of stable coins now we started seeing stable coins gain traction in 23 and 24 but it just took off this year

[译文] [Cathie Wood]: 当然，最大的惊喜之一是稳定币（Stablecoins）的激增。我们开始看到稳定币在 2023 和 2024 年获得关注，但在今年它彻底起飞了。

[原文] [Cathie Wood]: and as I've said stable coins are usurping one of the roles we expected Bitcoin to play but on the other hand uh digital gold Bitcoin uh had uh a lot of company from gold this year in terms of showing us the way gold uh has more than doubled over the past year so Bitcoin's role as digital gold should also be uh much more valuable

[译文] [Cathie Wood]: 正如我所说，稳定币正在篡夺我们要原本预期比特币扮演的角色之一。但另一方面，“数字黄金”比特币今年在黄金身上找到了很多共鸣，黄金为我们指明了方向——过去一年金价翻了一番以上，因此比特币作为数字黄金的角色也应该变得更加有价值。

[原文] [Cathie Wood]: so we're looking forward to sharing more exciting times in the innovation space in 2026 and we want to make sure you stay tuned for our big ideas 2026 in January with that I'll wish you a happy new year have fun

[译文] [Cathie Wood]: 因此，我们期待在 2026 年分享创新领域更多激动人心的时刻，希望大家确保持续关注我们要一月份发布的《Big Ideas 2026》。最后，祝大家新年快乐，玩得开心！