How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI's future
Publishing timestamp: 2023-12-08 10:14:26
Summary
Romesh Wadhwani, a billionaire Silicon Valley technology leader, is investing $1 billion of his personal fortune in predictive and generative AI technology. He believes that AI will enable advancements in the next five years that were not possible in the past 50 years. Wadhwani is focused on vertical niches in order to differentiate from larger companies like Facebook and Google. He has built a portfolio of three enterprise AI software technology companies and aims to transform them into Gen AI-first companies. The article also mentions the growth of the enterprise AI software market and the competition in the AI industry. Wadhwani's companies have seen success and are attracting customers from various industries. Wadhwani is also committed to the ethical advancement of AI technology and has established a center for AI governance.
Sentiment: POSITIVE
Keywords: technology, c3 ai inc, generative ai, artificial intelligence, adobe inc., entrepreneurship, venture capital, palantir technologies inc, breaking news: technology, start-up, business news,