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Cathie Wood – the Founder and Chief Executive of Ark Invest sees artificial intelligence as a driver of productivity which, in and of itself, makes it anti-inflationary.

Earlier this week, the U.S. Bureau of Labour Statistics said inflation was up 0.4% for the month in September versus the Dow Jones estimate for a 0.3% increase.

What the print signalled was that inflation continues to be a concern – and artificial intelligence is its anti-dote, as per Cathie Wood.

The influential investor sees an “ideal” environment for AI companies ahead as the U.S. economy slows down more than expected and businesses turn to artificial intelligence in pursuit of better profit margins.   

In particular, Wood said the AI software companies will invite huge investments. Nonetheless, artificial intelligence is a big enough total addressable market for a broader range of names to significantly benefit – and those include the up-and-coming projects like Shiba Memu.

Shiba Memu is a relatively new name that doesn’t just position you to benefit from the rising focus on artificial intelligence but also gives you exposure to another fast-growing market – meme coins.

The platform that is currently in pre-sale has set out to build an AI-enabled self-sufficient marketing powerhouse that delivers somewhat of a same productivity and efficiency that you would expect from about a hundred marketing agencies.

Moreover, it has a native meme coin (SHMU) of its own that you can buy and use on its platform to get the most out of Shiba Memu. It gives you exposure to the meme coin market that was worth zero dollar at the start of the pandemic but had already amassed $20 billion valuation by the end of 2022.

SHMU is currently going for $0.034 and its price bumps up once every 24 hours which makes investing in this meme coin all the more interesting.

Shiba Memu has been in pre-sale for a few weeks only but it has already raised more than $3.8 million via selling its meme coin which signals strong demand – a feature typically coupled with good investments.

According to Statista, artificial intelligence will be a $2.0 trillion market by 2030 versus about $200 billion at writing. Simply put, the data and visualization platform suggests that AI is not just here to stay but also to grow rapidly.

And Shiba Memu is a unique project that you can tap on to position yourself to benefit from that growth.

Note that it’s even more attractive to invest in Shiba Memu at present as it is currently priced at only $0.034 in the pre-sale – after which it will list on notable crypto exchanges which may boost demand further and result in price appreciation.

In other words, investing in SHMU early may be a good way of locking in maximum profits for the future. Shiba Memu is also scheduled to launch an AI dashboard soon as per the White Paper available on its website here.

Lastly, meme or not – Shiba Memu is basically a cryptocurrency and so it stands to benefit from the tailwinds that may help the broader crypto space moving forward.

Billionaire hedge fund manager Paul Tudor Jones recently said he preferred Bitcoin over stocks in this environment as the world’s largest cryptocurrency has a history of doing well in times of political uncertainty.

The Israel-Palestine war and broader concerns of a recession ahead, he told CNBC in a recent interview, will likely make stocks even less attractive in the coming months. Investors may also choose Bitcoin to park their money moving forward considering the U.S. fiscal health is at its worst since the World War II.

That’s significant for Shiba Memu as the bellwether (BTC) tends to drag the entire market in the direction in which it moves. So, if Bitcoin does indeed rally as Paul Tudor Jones is expecting, the SHMU coin will likely benefit as well.

Click here to visit the Shiba Memu website and find out how you can invest in it today.

The post Cathie Wood says AI is anti-inflationary: here’s what it means for Shiba Memu appeared first on Invezz.

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