Artificial intelligence significantly reduces the cost of new customer acquisition, and any AI -neglected company is not a unique investment, according to investor and television personality Kevin O’Leary.
In an interview with Cointelegraph, O’Leary said the new customer acquisition, which is primarily done by creating multimedia content and marketing, is “the highest cost increase in the last 36 months.”
“If you look at the cost of creating that content, it has more than quadrupled. In some cases, it’s 10x,” he said before adding that AI has reduced content manufacture costs by 60%.
O’Leary told Cointelegraph that before investing in any prospects, he asked about their AI use:
“Before I meet the CEO, I want to know who runs the show in terms of developing and maintaining customer acquisition, customer growth, reducing customer acquisition costs, and increasing ROI to ad spending.”
My first question is, who runs your AI program? What are your stacks? What tools do you use, and who makes your social media? “
Reduced acquisition costs, while equally beneficial to businesses, are that -Clip of Geo-strategic importance of AI And the need to maintain US leadership in the sector, the investor added.
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Investing in Bitzero
O’Leary is also an investor in Bitzero, a bitcoin (Btc) The mining and high performance of the computing company that operates data centers in Norway, Finland, and the US state of North Dakota.
Cointelegraph’s investor said that owns – infrastructure behind bitcoin And AI is likely to prove that it is a more sustainable and vibrant business model than chasing the businesses that serve this infrastructure.
“This is the old analogy from the days of gold -years ago. People who made the most money with the least risk of selling jeans and picks and shovels,” he said.
US and China are in a Cold War of AI
“We are in a technological war in China – we really are,” said the investor. O’Leary compared the AI chips to Queen Bee to a bee colony and AI developers with workers’ bees.
Developers and programmers gather around new AI chips and create a “honey” or computer code, the cointelegraph investor said.
Ni limiting the use of AI chips Built by US companies by penalties and Community policiesIt allows competing countries to have their chipsets and architecture to grow, and the development of AI, O’Leary concludes.
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