Who will be AI’s first billionaire?

Big impact: Visitors look at a Go1 quadruped robot during an AI festival in Cannes, France. AI services will enter almost everyone’s workflow and percolate through the entire economy. — Reuters

GREAT advances in technology often result in vast increases of wealth. So as the artificial intelligence (AI) boom continues, one obvious question is who will profit – and by how much.

My view, which may be deflationary for entrepreneurs but good for consumers, is this: Relative to how much AI changes the world, its early pioneers won’t get especially rich.