CANADIAN CYBERSECURITY INC.

🦹♂️ 💰 Ransoms continue to be off the charts, with initial demands as high as US$80M and ransoms paid as high as US$50M. There were 15 ransoms paid ≥ US$10M. NetDiligence® Cyber Claims Study 2024 Report #cyberinsurance #cyberincident #databreach #ransomware #canadiancybersecurity CANADIAN CYBERSECURITY INC.

📊 The top 5 causes of loss by number of cyber insurance claims by SMEs are ransomware, business email compromise (BEC), hacker, wire transfer fraud, and staff mistake. The overall average cyber incident cost for SMEs was US$205K in 2023. NetDiligence® Cyber Claims Study 2024 Report #cyberinsurance #cyberincident #databreach #ransomware #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🚨 💲 For all organizations, crisis services costs ranged from less than US$100 to almost US$26M. Not every claim involves a crisis services element. For SMEs, the average crisis services costs ranged from US$69K in 2019 to US$146K in 2023. NetDiligence® Cyber Claims Study 2024 Report #cyberinsurance #cyberincident #databreach #ransomware #canadiancybersecurity CANADIAN CYBERSECURITY INC.

👨💻 🤖 Automation’s impact on productivity has transformed industries. The convergence of AI and hardware should enable generalizable robotics. Robots are outperforming humans in factory settings and should do so in many domains. As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds US$24 trillion in revenue annually. @ARK Investment Management LLC Big Ideas 2024 #AI #robotics #cybersecurity #canadiancybersecurity @CANADIAN CYBERSECURITY INC.

🤝 🤖 Collaborative robots are entering the sweet spot of the adoption curve. Collaborative robots and humans are likely to operate together, whether on the road, in factories, or at home. Historically, S-curves reach tipping points when the adoption of new technologies approaches 10-20% market share. The convergence of AI and hardware should enable generalizable robotics. Robots are outperforming humans in factory settings and should do so in many domains. As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds US$24 trillion in revenue annually. @ARK Investment Management LLC Big Ideas 2024 #AI #robotics #cybersecurity #canadiancybersecurity @CANADIAN CYBERSECURITY INC.

🛰️ 🌎 Lower satellite launch costs should enable continuous global coverage with low latency. While latency precluded geostationary orbit (GEO) satellites from offering a compelling broadband internet solution, now thousands of low-cost, low earth orbit (LEO) satellites can provide service with low latency, continuous global coverage, and direct-to-mobile device connectivity. ARK Investment Management LLC Big Ideas 2024 #reusablerockets #space #satellite #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🚀 SpaceX’s reusable rocket, Falcon 9, put an end to soaring launch costs. By reusing one Falcon 9 booster 19 times, SpaceX increased its annual launch cadence nearly 60% to 96 in 2023. ARK Investment Management LLC Big Ideas 2024 #reusablerockets #space #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🚀 🛰️ Starship will help the Starlink constellation achieve its potential. Starship’s payload capacity for low earth orbit (LEO) satellites is ~5x that of the Falcon 9. While impressive, given the five-year life of its satellites, Starship still will have to fly every 3.5 days to maintain its target constellation of 42,000 Starlink satellites. As of January 2024, SpaceX has a constellation of ~5,400 satellites. ARK Investment Management LLC Big Ideas 2024 #reusablerockets #space #satellite #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🚀 🚀 📉 SpaceX is refurbishing rockets in record time. When the Space Shuttle cost ~US$1.5 billion per launch, industry experts assumed that a reusable rocket would be impossible economically. SpaceX then flipped the script. According to ARK’s research, the first stage of the Falcon 9 cost <US$1 million to refurbish. Now, rocket turnaround time should be proportional to the cost required to refurbish a rocket booster, the key metric in tracking launch cost declines. ARK Investment Management LLC Big Ideas 2024 #reusablerockets #space #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🙋 🚖 📈 Ride-hail is likely to create an US$11 trillion addressable market. At US$0.25 cents per mile, autonomous transportation could serve a wider population than human-driven ride-hail does today. In the meantime, based on the value that consumers place on their time, demand at higher price points could be significant. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.