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AI reshapes Rich Lister business but not their fortunes yet

AI reshapes Rich Lister business but not their fortunes yet

Rich Listers are using AI to overhaul graphic design, advance healthcare and improve cybersecurity, but few are investing personally.

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Grant Petty knew that his development team was using artificial intelligence to re-create real voices – he just didn’t know they were trialling the software on his own voice.

“The other day they play me this deep-faked me, trained off all the product launch videos I’ve done over the years. I’m like, ‘guys! Couldn’t we have used James Earl Jones?’,” the Financial Review Rich List member and founder of film equipment maker Blackmagic Designs says.

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Yolanda Redrup
Yolanda RedrupRich List co-editorYolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
Michael Bailey
Michael BaileyRich List co-editorMichael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

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Original URL: https://www.afr.com/rich-list/ai-reshapes-rich-lister-business-but-not-their-fortunes-yet-20240523-p5jfy5