11:31 - 4.03.2025

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March 4, Fineko/abc.az. Mark Walter, an American investor and director of investment company Guggenheim Partners, and Thomas Tull, the former owner of film company Legendary Entertainment, are investing $40 bn in artificial intelligence.

ABC.AZ informs that they plan to do this through Walter's company TWG Global. Investors plan to use AI to improve the efficiency and profitability of their companies.

TWG Global manages some of Walter's assets, including his stake in Guggenheim. The Financial Times reports that they decided to invest together in 2022 and hired AI experts for this purpose last year.