- AI-related stocks have seen a spectacular surge in 2023, following ChatGPT’s smashing debut.
- Some of the world’s wealthiest people have made a killing from the rally.
- Meta founder Mark Zuckerberg and Oracle boss Larry Ellison have seen their personal fortunes swell by over $40 billion each.
Artificial intelligence has been one of the defining themes for stocks in 2023 – and it’s also helping the rich get richer.
The surge in interest in the intelligent language tool ChatGPT quickly spread across markets, with big-name investors rushing to snap up shares in companies they believe could power AI’s rise to prominence.
Big Tech giants like Meta Platforms and Nvidia have already racked up triple-digit gains thanks to the AI boom, while Microsoft, Google parent Alphabet, and Oracle have also all surged.
That’s helped the companies’ founders – already among the world’s richest people at the start of 2023 – to become even wealthier.
