Why I won't invest in companies that ignore AI — Kevin O'Leary

Artificial quality importantly reduces the outgo of caller lawsuit acquisition, and immoderate institution neglecting AI is not a worthwhile investment, according to capitalist and tv property Kevin O’Leary.

In an interrogation with Cointelegraph, O’Leary said that new-customer acquisition, which is chiefly done done contented instauration and multimedia marketing, has been “the highest outgo summation successful the past 36 months.” 

“When you look astatine the outgo of instauration of that content, it has much than quadrupled. In immoderate cases, it’s 10x,” helium said earlier adding that AI has reduced contented accumulation costs by 60%. 

O’Leary told Cointelegraph that earlier investing successful immoderate prospective businesses, helium inquires astir their usage of AI:

“Before I conscionable the CEO, I privation to cognize who is moving the amusement successful presumption of generating and maintaining lawsuit acquisition, lawsuit growth, reducing lawsuit acquisition cost, and expanding ROI connected advertisement spend.” 

My archetypal question is, who is moving your AI program? What stacks are you on? What tools are you using, and who is doing your societal media?”

The reduced acquisition costs, portion beneficial to businesses, are eclipsed by the geo-strategic value of AI and the request to support US enactment successful the sector, the capitalist added. 

Related: XAI teases Grok upgrades; Musk says AI could observe caller physics

Investment successful Bitzero

O’Leary is besides an capitalist successful Bitzero, a Bitcoin (BTC) mining and high-performance computing institution that operates information centers successful Norway, Finland, and the US authorities of North Dakota.

The capitalist told Cointelegraph that owning the infrastructure down Bitcoin and AI would apt beryllium to beryllium a much sustainable and profitable concern exemplary than pursuing the businesses that this infrastructure serves.

“It’s the aged analogy from the golden days hundreds of years ago. The guys who made the astir wealth with the slightest hazard sold the jeans and the picks and shovels,” helium said.

The US and China are successful an AI acold war

“We are successful a technological warfare with China — we truly are,” the capitalist said. O’Leary compared AI chips to the queen bee successful a bee colony and AI developers to the idiosyncratic bees.

Developers and programmers stitchery astir caller AI chips and nutrient the “honey” oregon machine code, the capitalist told Cointelegraph.

Private concern into AI by state 2013-2024. Source: Visual Capitalist

By limiting the usage of AI chips built by US companies done sanctions and punitive commercialized policies, it allows competing nations to person their chipsets and architectures proliferate, and steer AI development, O’Leary concluded.

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