AI tycoon Chen Tianshi, co-founder of chip company Cambricon Technologies, saw his net worth skyrocket to $10 billion in 2024. This surge is attributed to Cambricon's stock price, which skyrocketed by 500% shortly after its listing in Shanghai. Despite this, market analysts remain cautious about the company's future stock performance. As of January 15, 2024, the market capitalization of Cambricon Technologies reached 291 billion RMB (approximately $40 billion), making it a major player in China's ChiNext market.

Recently, Accenture's earnings report wowed investors. The company's fourth-quarter revenue exceeded expectations, reaching $16.41 billion, a year-over-year increase of 2.6%. Particularly exciting is that Accenture's new business orders grew by 21%, reaching $20.1 billion, with orders for Generative AI surpassing $1 billion for the first time, totaling $3 billion for the year. Image source note: Image generated by AI, image licensed from Midjourney.

Palantir Technologies has entered into a partnership with Microsoft to provide secure cloud computing, artificial intelligence, and analytical capabilities to support the missions of defense and intelligence agencies of the U.S. government. This news resulted in an 11% increase in Palantir's stock price, and Microsoft's stock also saw an uptick. The collaboration allows the U.S. government to leverage Azure OpenAI services to access large language models, Microsoft’s partnership with OpenAI, and Palantir's AI platform.

Almost all of the wealth growth among the world's richest individuals this year has come from artificial intelligence. Nvidia's market value has surpassed Amazon for the first time, making it the market leader among chip manufacturers. Even knowledge and skills are being called into question.