‘Every Company Is an AI Company Today,’ Billionaire Bill Ackman Says. Here’s What’s Driving Pershing Square’s Big Bet on Meta Platforms.

Like it or not, we’re living in a golden age of artificial intelligence (AI). Markets have gone wild over trailblazing startups tinkering with machine learning, and we’ve all been spoonfed the same narrative that a new breed of innovative AI companies are going to lead legacy tech firms into the future.

Well, billionaire investor Bill Ackman isn’t buying that narrative anymore. Appearing on CNBC earlier this month, the Pershing Square Capital Management founder made a firm declaration that every company today is actually an AI company. “And if you’re not,” he said. “You’re going to fall behind.”