Quick Glance: Billionaires Profiting from AI 2024
- The AI gold rush has led to a plethora of new billionaires in the sector, as surging values for both public and private companies with ties to AI have skyrocketed.
- Over the past year, tech companies, both new and old, have seen massive share price increases, making the world's tech tycoons even richer and introducing over a dozen new AI billionaires into the Forbes World's Billionaires list.
- Nvidia cofounder and CEO Jensen Huang serves as the poster child for this boom. However, other companies like Super Micro Computer, Advanced Micro Devices, and Cloudflare also benefited from the trend. Privately owned AI companies have also gained momentum, with AI-centric startups alone raising nearly $50 billion in funding last year.
- Major tech giants like Microsoft, Amazon, and Alphabet have significantly contributed to financing private AI companies to compete in the AI race. However, it remains to be seen if and when the AI bubble will burst and funding could dry up.
Quick Glance: Singapore adds more billionaires to Forbes' 2023 list, but tech fortunes suffer
- Their combined net worth was US$118.9 billion (S$157.6 billion), up from US$106.7 billion in 2022.
- His wife, Ms Shu Ping, increased her net worth to US$2.1 billion, putting her at No. 1,434 on the list of billionaires.
- Far East Organization's Philip Ng (Singapore's third-richest person at No. 290) and his brother Robert, who have a combined net worth of US$15 billion, are also on the list.
- China (including Hong Kong and Macau) continues to rank second, with 562 billionaires worth $2 trillion, followed by India, which has 169 billionaires worth $775 billion.
Manny Villar still tops the Philippines' richest in 2023, with an $8.6 billion or P467 billion net worth, according to a report by Forbes ... Show more https://news.abs-cbn.com/business/04/05/23/forbes-manny-villar-still-philippines-richest-in-2023
"No chickens."
LRTA Administrator Hernando Cabrera laid out the rules for bringing pets on the LRT-2. #Kabayan
Related report: https://news.abs-cbn.com/video/news/01/30/23/bawal-ang-bayawak-pet-friendly-lrt-bans-snakes-iguanas
The year 2022 brought changes and big challenges. In the political field, the holding of elections in the middle of the pandemic and the start of a new ... Show more https://news.abs-cbn.com/business/multimedia/infographic/12/16/22/2022-yearender-national-id-pay-cuts-villar-and-revenge-travel-business-in-2022
Fiñones did not survive the acceleration of inflation and the depreciation of the peso against the dollar.
Take a look back at the top stories ... Show more http://news.abs-cbn.com/business/multimedia/infographic/12/16/22/2022-yearender-national-id-pay-cuts-villar-and-revenge-travel-business-in-2022
Although high inflation and the weakening of the peso are big news, the National ID issues and salary issues are what have attracted the attention of ... Show more
Although high inflation and the weakening of the peso are big news, the National ID issues and wage issues have been the focus of Filipinos in the past year ... Show more https://news.abs-cbn.com/business/multimedia/infographic/12/16/22/2022-yearender-national-id-pay-cuts-villar-and-revenge-travel-business-in-2022
Compatriots, focus on '#Kababalaghan : Kaggat ng Dilim,' Halloween special of #KBYN : Kaagapay ng Bayan on A2Z, TeleRadyo, Kapamilya Channel, Kapamilya Online Live ... Show more youtube.com/ABSCBNNews news.abs-cbn.com/live KBYN #KBYNKababalaghan
ICYMI: AllTV’s analog channel will air on Channel 2, the frequency previously owned by ABS-CBN. 📺 nypgks.com/3AUk6mO
LOOK: Manny Villar's ALLTV signs broadcast deal to air its channel to 300 cable operators nationwide. nypgks.com/3xKMd7l
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Philippine real estate billionaire Manuel Villar quickly moved on after losing the 2010 presidential election, and now is No ... Show more https://trib.al/T8gfo5a
JUST IN: Nacionalista Party ni former Sen. Manny Villar, also endorsed Leyte Rep. Martin Romualdez as speaker of the 19th Congress. | via RG Cruz ... Show more news.abs-cbn.com