The Strategic Importance of AI in Business Investment

Investor Kevin O’Leary emphasizes that artificial intelligence (AI) dramatically lowers customer acquisition costs, making companies that overlook AI less appealing investments. In a Cointelegraph interview, he noted that the expenses associated with acquiring new customers, primarily through content creation and multimedia marketing, have surged over the past three years, with content production costs increasing by up to tenfold. AI has managed to cut these costs by 60%. O’Leary prioritizes inquiries about a company's AI strategies before investing, asking about their AI programs and social media management. He also highlighted the geopolitical significance of AI, stressing the need for the U.S. to maintain its leadership in this field. O’Leary, an investor in Bitzero, a Bitcoin mining firm, believes that owning the infrastructure supporting Bitcoin and AI is a more sustainable business model than the services they provide. He likened AI chips to a queen bee, with developers as worker bees, and warned that U.S. sanctions could hinder domestic AI development. Read more AI-generated news on: https://app.chaingpt.org/news