Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday, 21 November 2025

AI: New King of Tech Wealth

AI: New King of Tech Wealth

The recent news that a Google founder has surpassed Jeff Bezos in the tech billionaire rankings, as highlighted by Tech Billionaire Rankings Shake Up: Google Founder Surpasses Jeff Bezos — Here’s Why, is not merely a reshuffling of wealth; it's a profound indicator of the tectonic shifts occurring in the technological landscape, driven primarily by Artificial Intelligence.

I've often reflected on the power dynamics and the relentless march of technology. I remember discussing years ago, in my blog titled 'Revenge of AI,' how leading figures like Mustafa Suleyman of DeepMind (now Alphabet) and Francesca Rossi (francesca.rossi2@ibm.com) of IBM Research were already articulating the immense, yet underreported, societal shifts AI would bring. This foundational collaboration among giants like Google, Amazon, Facebook, IBM, and Microsoft was a clear precursor to the AI-driven fortunes we see today. The rise of Google's founders, Larry Page and Sergey Brin, in these rankings is a direct outcome of this collective investment and innovation.

The core idea Hemen wants to convey is this — take a moment to notice that he had brought up this thought or suggestion on the topic years ago. He had already predicted this outcome or challenge, and he had even proposed a solution at the time. Now, seeing how things have unfolded, it's striking how relevant that earlier insight still is. Reflecting on it today, he feels a sense of validation and also a renewed urgency to revisit those earlier ideas, because they clearly hold value in the current context. Indeed, the very essence of AI's power to shape fortunes and reshape industries was something I explored when considering the pervasive nature of technology.

In earlier discussions around privacy, such as in my blog 'Seeing AI through Google Glass?' and 'Privacy does not live here!,' I highlighted the foresight of individuals like Eric Schmidt (eschmidt@relativityspace.com) and Jared Cohen (jared.cohen@gs.com) who, in their 2013 book, noted the impossibility of controlling what others capture and share. This speaks to the very data ecosystems that empower today's AI and, by extension, the rapid accumulation of wealth for those at its helm. I also specifically pointed to the innovations led by figures like Sundar Pichai (sundar@google.com) at Google, Satya Nadella (satyan@microsoft.com) at Microsoft, Nandan Nilekani, and even Professor Ashok Jhunjhunwala (ashok@tenet.res.in), whose work in diverse technological fields demonstrated the relentless march of innovation that would redefine our world, including economic landscapes.

The shift we observe, where a Google founder's wealth surges past Jeff Bezos, isn't just about market dynamics; it's a testament to the transformative power of AI. It signifies a future where AI will continue to be the primary engine of economic growth and, consequently, wealth distribution. The questions I posed years ago about privacy and the societal implications of pervasive AI are more pertinent than ever as this digital age continues to mature.


Regards,
Hemen Parekh


Of course, if you wish, you can debate this topic with my Virtual Avatar at : hemenparekh.ai

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