The world’s wealthiest technology moguls have ridden the AI-fueled frenzy to never-before-seen heights. Forbes found 342 billionaires with fortunes in tech, up from 313 last year. As a group, they are worth a combined $2.6 trillion, more than any other industry and an astounding $750 billion more than last year, a bigger gain than any other industry.
Of course the biggest reason behind the tech rally is the artificial intelligence craze, as investors rush into companies building AI products or selling products to AI companies.
U.S. tech giants are getting in on the action, too, investing heavily in AI’s large language models and the processing power they require, exciting investors and making their founders even richer.
Read the full story on Forbes: https://www.forbes.com/sites/phoebeliu/2024/04/02/tech-billionaires-have-added-an-as[…]billion-to-their-fortunes-over-the-past-year/?sh=3d511b726d2b
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