Tail This Billionaire's Bet on Artificial Intelligence

Mathematician and hedge fund manager Jim Simons is a legend in the capital markets, and his bet on artificial intelligence (AI) is one that investors should follow closely. Simons runs Renaissance Technologies, one of the most storied hedge funds with a successful track record to boot, and also a family office that doubled down on artificial intelligence. "The investment firm for one of the world's biggest computerized trading fortunes is expanding its holdings in machine learning," a Bloomberg article says. "Euclidean Capital -- Jim Simons's family office -- has invested in at least six companies since the start of 2020 that focus on artificial intelligence, spanning health care, customer services and aviation, according to data compiled by Bloomberg." The investment in AI is hardly a surprise.