Venture capitalist: AI needs a Bill Gates or Mark Zuckerberg

Julie Spitzer - Print  | 

Multibillionaire technology investor Jim Breyer, co-founder and CEO of Menlo Park, Calif.-based venture capital firm Breyer Capital, believes one key pioneer will eventually emerge to guide artificial intelligence, reports CNBC.

At the Delivering Alpha conference in New York City, Mr. Breyer compared the rise of AI to the software industry, in which Bill Gate's Microsoft reined supreme, and social media networks, where Mark Zuckerberg revolutionized the industry.

There will be "a type of individual or set of individuals that understand that the self-learning capabilities applied to healthcare and finance will look extraordinary over the next decade, because it is so different and fundamental," Mr. Breyer said, according to CNBC.

Mr. Breyer added tech companies creating AI-powered technologies will create valuable opportunities for investors and generate "billions of market [capital]."

"I don't know if we know who the next Mark Zuckerberg is in terms of artificial intelligence, but there will be another Mark Zuckerberg, Bill Gates," he said.

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