The AI gold rush: The new era of tech billionaires – Lionel Laurent

In the wake of the AI boom, tech magnates like Nvidia's Jensen Huang and AMD's Lisa Su are amassing vast fortunes. While this surge promises a new industrial revolution, akin to the 18th-century breakthroughs, concerns arise. The current landscape mirrors the Gilded Age of monopolies, raising barriers for new players. Antitrust vigilance, especially in Europe, is crucial to prevent AI funding from fortifying existing giants. Scrutiny of data access, innovative penalties, and a rebranded focus on "democracy protection" in regulation are suggested to ensure a fair AI evolution.

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By Lionel Laurent

After several decades of transformative tech wealth, the AI boom is ushering in another. Not only has Nvidia Corp.'s soaring valuation made co-founder Jensen Huang an extremely wealthy man, but his distant cousin Lisa Su, head of Advanced Micro Devices Inc., is now worth $1.2 billion. A glance at the top 10 richest people in the world shows tech leaders, from Elon Musk to Bill Gates, are still on top.

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