Bill Ackman: "There will be companies that crash, and also certain professions"
Bill Ackman, the Jewish-American billionaire, is interviewed by Globes and warns that certain companies and professions will "crash" due to innovation, but expresses optimism about the Israeli economy. He predicts an Israeli company worth a trillion dollars within a decade, reveals an investment in the Israeli AI company 2Delta, and discusses the establishment of the AOI research institute with a $400 million investment following his daughter's brain injury.
Bill Ackman, founder and CEO of hedge fund Pershing Square, is interviewed by Globes and warns that innovation will bring chaotic change: "Certain companies will crash, and of course certain professions as well." According to him, a strong economy will be flexible, and regulation should not make layoffs difficult. He expresses great optimism about Israel, predicting that a trillion-dollar company will emerge there within 5-10 years, partly thanks to artificial intelligence removing manpower barriers. Ackman reveals an investment in the Israeli company 2Delta, which improves artificial intelligence itself. He also recounts the tragic event in which his daughter Lucy suffered a brain injury, leading him to establish the AOI institute with a donation of at least $400 million for developing brain treatment technologies. Ackman expresses concern about antisemitism in the US on both sides of the political spectrum, and praises Trump's handling of the issue.
Bill Ackman: "There will be companies that crash, and also certain professions"