AI Founders Vie for Big Wealth in Unicorn Frenzy

Entrepreneurs and veteran CEOs alike are getting rich as investors make big bets on artificial intelligence.

Reid Hoffman, co-founder of LinkedIn Corp.

Photographer: David Paul Morris/Bloomberg
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When Mustafa Suleyman partnered with billionaire LinkedIn founder Reid Hoffman last year on a startup called Inflection AI, he saw the potential in their prized project: a chatbot meant to be an “emotional companion that is kind, encouraging and rational.”

Now, so do deep-pocketed investors.