Artificial intelligence has enriched the US tech elite by half a trillion dollars per year

According to the Financial Times and Bloomberg, the fortunes of the richest founders and executives of IT giants increased by $550 billion. The combined capital of the top ten industry leaders reached $2.5 trillion on Christmas Eve, compared to $1.9 trillion at the beginning of the year.

The main catalyst for this jump was the S&P 500 index, which rose by more than 18%, as well as unprecedented global investments in artificial intelligence infrastructure - from chip production to the development of a network of data centers.

Elon Musk still remains at the top of the ranking, whose personal fortune has increased by almost 50%, reaching $645 billion. This was facilitated by both a new compensation package from Tesla shareholders and the rapid growth of the valuation of the space company SpaceX to $800 billion.

Nvidia founder Jensen Huang's net worth reached $156 billion. Nvidia itself became the world's most valuable public corporation with a capitalization of over $5 trillion.

Jeff Bezos sold $5.6 billion in Amazon shares, and Michael Dell sold securities worth over $2 billion. Google co-founders Larry Page and Sergey Brin, thanks to the company's progress in its own AI developments, increased their fortunes to $270 billion and $255 billion, respectively, surpassing their competitors.

Mark Zuckerberg, on the other hand, lost ground as Meta shares fell amid investor concerns about the huge costs. Similar volatility befell Larry Ellison: Oracle shares initially soared after the announcement of a mega-contract with OpenAI, but later lost 40% of their value due to doubts about the project's funding.

The only member of the top 10 whose fortune decreased was Bill Gates, who continues to systematically sell Microsoft shares to replenish his charitable funds.

We previously wrote about what Elon Musk's daily schedule looks like .

Meanwhile, during a call with investors to announce Tesla's third-quarter results, CEO Elon Musk again threatened to quit if he wasn't given a $1 trillion compensation package . He also made some strange statements about scaling up Tesla's Optimus robots.

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