Tech tycoons with a combined net worth of roughly $550 billion gathered in the same room Wednesday to influence how artificial intelligence is regulated.
Some of the richest people in the world were among those invited to the AI summit in Washington, DC, organized by Senate Majority Leader Chuck Schumer. Attendees included Tesla Inc. Chief Executive Officer Elon Musk (worth $242.1 billion), Microsoft Corp. co-founder Bill Gates ($128.6 billion) and Meta Platforms Inc. CEO Mark Zuckerberg ($109.7 billion).
Technology stocks have surged this year alongside growing AI hype, boosting the fortunes of the five participants by a combined $222.5 billion, according to the Bloomberg Billionaires Index. Nvidia has been one of the biggest beneficiaries, with its stock up more than 200%.
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