Gautam Adani, the richest man in Asia, is addicted to ChatGPT


New Delhi
CNN

Asia’s richest man, Gautam Adani, says he’s addicted to ChatGPT, the powerful new AI tool that interacts with users in a frighteningly conversational and persuasive manner.

In a LinkedIn post last week, the 60-year-old Indian entrepreneur said the launch of ChatGPT was “a transformative moment in the democratization of AI given its amazing capabilities as well as comical failures.”

The billionaire has admitted to having “some addiction” to ChatGPT since he started using it.

The tool, made publicly available by artificial intelligence research firm OpenAI late last year, has sparked conversations about how “generative AI” services — which can turn prompts into original articles, stories, songs and images after training on massive online datasets — can transform radically the way we live and work.

Some claim it will put artists, teachers, programmers, and writers out of their jobs. Others are more optimistic, presumably because it will allow employees to process to-do lists more efficiently.

“But there can be no doubt that generative AI will have massive ramifications,” Adani wrote in his post, adding that generative AI carries “the same potential and danger” as silicon chips.

“For nearly five decades, leadership in chip design and large-scale chip production has put the United States ahead of the rest of the world and has given rise to many partner countries and tech giants such as Intel, Qualcomm, TSMC, etc.,” Adani, of He has businesses in sectors ranging from ports to power plants, he wrote.

“It also paved the way for precision and guided weapons used in modern warfare, with more chips installed than ever before,” he added. He said the race in generative AI would quickly become “as complex and interconnected as the ongoing silicon chip war”.

The chip industry has recently emerged as a new flashpoint in tensions between the United States and ChinaAnd With Washington blocking sales of advanced computer chips and chip-making equipment to Chinese companies. Some Chinese investments in the European chip industry have also been banned.

The Indian infrastructure mogul believes China has an edge over the United States in the AI ​​race because Chinese researchers have published twice as many academic papers on the topic as their American counterparts in 2021, he wrote in the post published Friday after attending the World Economic Conference. Forum in Davos.

Back home, Adani also contemplates taking five new companies into the stock market the next five years, according to Yogishinder Singh, chief financial officer of his group.

Speaking to reporters on Saturday in the western Indian city of Ahmedabad – where the Adani empire is headquartered – Singh said the group’s metals, mining, power, data centre, airports and roads businesses were likely to spin off between 2025 and 2028.

Adani Enterprises, the flagship company of the group, acts as the incubator for Adani’s business. Once they mature, they are often given their independence through a listing on the stock market. Several Adani companies have become leading players in their sectors.

Later this month, Adani Enterprises also raised 200 billion rupees ($2.5 billion) by issuing new shares. It will be India’s largest ever public equity offering.

Adani, a college dropout and self-taught industrialist, has a net worth of more than $120 billion, making him the third richest man in the world, ahead of Jeff Bezos and Bill Gates.

Shares of Adani’s seven companies – in sectors ranging from ports to power plants – have experienced turbo growth in the past few years. But some analysts fear that growth comes at great risk as Adani’s $206 billion juggernaut has been fueled by his $30 billion borrowing binge, making his business one of the most indebted in the country.

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