June 15 (Cointime) - Several billionaire investors, including Stanley Druckenmiller and Dawn Fitzpatrick, are optimistic about the transformative power of artificial intelligence (AI). Druckenmiller has compared the impact of AI to that of the internet revolution and remains confident in AI-related firms like Nvidia, despite concerns about overvaluation.

Fitzpatrick acknowledges the game-changing capabilities of AI but warns against chasing every AI prospect. On the other hand, Ray Dalio expresses skepticism towards cryptocurrencies due to perceived financial instability and questions their inherent value proposition compared to tangible technologies like AI. He warns of the extreme volatility of cryptocurrencies and their limited acceptance as a medium of exchange.