New millionaires are being created by the tide of artificial intelligence

New millionaires are being created by the tide of artificial intelligence

Feb 19, 2024 - 22:10
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New millionaires are being created by the tide of artificial intelligence

Nvidia Corporation co-founder Jansen Huang's net worth has grown at a meteoric pace. The reason for this is said to be the inflation of its assets due to the increase in artificial intelligence or AI-related share prices. For the same reason, this is the first chip company Nvidia's market value to surpass Amazon.com's asset value.

Another new millionaire was born in this situation. That person, however, is a member of Huang's own family, his distant relative Lisa Su. He is the CEO of Nvidia's rival company Advanced Micro Devices Inc. His net worth exceeded $1.2 billion as the company's stock price more than doubled last year.

Share prices of companies related to artificial intelligence or AI have risen significantly in the recent past. AI-related share prices are one of the factors driving the wealth of the rich. At least 30 of the world's 500 richest people have a portion of their wealth derived from AI. This news comes from Bloomberg Global Artificial Index.

The wealth of the world's richest people increased by a total of 124 billion or 12 thousand 4 billion dollars this year due to the increase in AI share prices. 96 percent of the increase in the wealth of the rich included in the Bloomberg Billionaires Index came from this sector.

After Huang, the billionaire who has benefited the most from the rise of AI stocks is Mark Zuckerberg, CEO of Mater. He has been the second best in this asset valuation index for two years in a row. Microsoft's investment in OpenAI, creator of ChatGPT, also boosted the net worth of Steve Ballmer, the software company's former CEO. Michael Dell, head of another tech company Dell, has also reaped rewards for investing in the AI sector.

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