OREANDA-NEWS  ByteDance founder and TikTok owner Zhang Yiming, 43, has become Asia's richest man, according to Bloomberg data. The 43-year-old entrepreneur's fortune exceeded $105 billion, which allowed him to surpass Indian tycoon Gautam Adani, who was leading the list (105.5 billion versus 104.8 billion).

Since 2019, Zhang Yiming has increased his fortune eight-fold thanks to the popularity of TikTok and successes in the field of artificial intelligence, including the launch of the popular chatbot Doubao. This demonstrates how the boom in popularity of AI allows industry representatives to surpass the capital of billionaires who earn in more traditional fields, such as the aforementioned Adani and Uniqlo founder Tadashi Yanai, the journalists note.

This month alone, the Chinese businessman's fortune has grown by $12 billion. "He did not deviate from the planned course and continued to actively increase investments in artificial intelligence," commented Lian Jie Su, chief analyst at Omdia research firm.

Earlier it became known that Nvidia CEO Jensen Huang, one of the world's top 10 billionaires, criticized the proposal to slow down the development of artificial intelligence put forward by Antropic CEO Dario Amodei and supported by a number of other AI industry leaders. According to Huang, if a manufacturer is not sure about the characteristics of a product or service, you just need to keep them in place and "put everything in order," and the choice between the speed of innovation and the ability to create safe products, from his point of view, is false.