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AI is creating new billionaires at a record pace
Artificial intelligence startups have minted dozens of new billionaires this year, adding to an AI boom that’s quickly becoming the largest wealth creation spree in recent history. Blockbuster fundraising rounds this year for Anthropic, Safe Superintelligence, OpenAI, Anysphere and other startups have created vast new paper fortunes and propelled valuations to record levels. There are now 498 AI “unicorns,” or private AI companies with valuations of $1 billion or more, with a combined value of $2.7 trillion, according to CB Insights. Fully 100 of them were founded since 2023. There are more than 1,300 AI ... (full story)
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