According to investor and television personality Kevin O’Lery, Artificial Intelligence significantly reduces the cost of new customer acquisition, and no company neglecting AI is a meaningful investment.
In an interview with cointelegraph, O’Lary said that New-Castmer acquisition, which is mainly done through material construction and multimedia marketing, has been the highest cost increase in the last 36 months “.
“When you look at the cost of manufacturing that material, it is more than quadruple. In some cases, it is 10x,” he said that AI has reduced the cost of material production by 60%.
O’Lery told cointelegraph that before investing in any possible businesses, he inquires about their use of AI:
“Before I meet the CEO, I want to know who is running the show in terms of customer acquisition, customer development, reducing the cost of customer acquisition and increasing ROI at advertising expenses.”
My first question is who is running your AI program? What piles are you on? What devices are you using, and who is doing your social media? ,
The investor said that the cost of acquisition is reduced as well as the cost of acquisition, with the geopolitical importance of AI and the need to maintain American leadership in the field.
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Investment in bitzero
O’Lery Bitzero is also an investor in a bitcoin (BTC) mining and high-demonstration computing company that operates data centers in Norway, Finland and North Dakota in the US state.
The investor told cointelegraph that being the owner of the infrastructure behind bitcoin and AI would probably prove to be a more durable and profitable business model than pursuing businesses that this infrastructure works.
He said, “This is an old analogy since the days of gold, hundreds of years ago. People who earned the most money with minimal risk, sell jeans and pics and shovels,” he said.
America and China are in an AI Cold War
“We are in a technical war with China – we are really,” the investor said. O’Lei compared AI Chips to Rani Madhumkhi in a bee colony and AI developers to worker bees.
Developers and programmers gather around the new AI chips and produce “honey” or computer code, the investor told the coinelgraph.
By limiting the use of AI chips manufactured by American companies through restrictions and punitive trade policies, it allows competitive nations to spread their chipsets and architecture, and enhances AI development, O’Leeri concluded.
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