"Shark Tank" Investor Kevin O'Leary Says in the Majority of AI Plays, "Nobody's Making Any Money" -- but There Is 1 Notable Exception
Kevin O'Leary of Shark Tank fame knows a thing or two about business. He founded educational computer game maker SoftKey -- later called The Learning Company -- in 1986. SoftKey made its fortune with such well-known titles as Carmen Sandiego and Reader Rabbit. O'Leary ultimately sold the business to Mattel in 2002 for a cool $4 billion.
Mr. Wonderful, as he's known on the show, is known for his strong opinions, and he isn't afraid to speak his mind. O'Leary has often told entrepreneurs on the show, "Take that idea behind the barn and shoot it." While some find his approach callous, he takes a different view. "I'm there to tell them the truth. That's why they call me Mr. Wonderful."
As a successful investor, O'Leary is keenly following the accelerating adoption of artificial intelligence (AI). During a recent interview on Fox Business, he said that AI "will enhance productivity in America in remarkable ways." However, he warns investors that in most AI plays, "nobody's making any money" -- with one notable exception.
Source Fool.com
