12 New AI Billionaires

[ggmopa]

Last month, CNBC said that “AI is creating personal wealth on a scale that makes the past two technology waves look like warmups.”

“Going back over 100 years of data, we have never seen wealth created at this size and speed,” said Andrew McAfee, principal researcher at MIT. “It’s unprecedented.”

It seems AI has produced the most billionaires in the shortest amount of time than any other industry in recent history.

It just proves AI is the new gold rush and potentially still provide the most opportunity and potentially the best return on investments for anyone that get’s involved in it right now. I don’t think the industry is anywhere close to saturation point. Even technically.

 

[Octavia]

Didn't Lucy made 1b with Scale?

 

[ggmopa]

Didn't Lucy made 1b with Scale?

Yeah but she’s got so much on her Resume already Passes and that Venture Capital startup. So has Wang for that matter. But it would’ve been worth mentioning Scale somewhere too, you’re right.

 

[TheVigilante]

The next on that list is gonna be me

 

[t2van]

Most of that down to raised capital and icos etc?

Not like anything there is profitable in terms of an ai business?

Nothing against it. People cash in and out etc. Good on them.

 

[SilverClouds]

Most of that down to raised capital and icos etc?

Not like anything there is profitable in terms of an ai business?

Nothing against it. People cash in and out etc. Good on them.

Exactly, I don't think this works without VC

 

[ggmopa]

Most of that down to raised capital and icos etc?

Not like anything there is profitable in terms of an ai business?

Nothing against it. People cash in and out etc. Good on them.

Yeah you might be right, but what I wonder what this signals about stock prices? Genuine question.

 

[t2van]

Yeah you might be right, but what I wonder what this signals about stock prices? Genuine question.

The promise of AI led to massive financial speculation, with billions invested in research and development. Skyrocketing valuations of AI-focused tech companies. Investor enthusiasm driving market speculation. A tech frenzy comparable to the dot-com bubble.

That's exactly where its going.

It is the modern day gold rush. AI is getting integrated into everything because that's the buzz word that attracts investment. AI also means for established companies = charge more.