Saylor Credits AI with Raising $15 Billion for Strategy's Aggressive Crypto Play

Crypto billionaire Michael Saylor credits AI chatbot ChatGPT for helping his company raise $15 billion through bitcoin-backed financial products. This funding was used to further Strategy's aggressive cryptocurrency buying strategy.

The company, formerly known as MicroStrategy, transformed itself into a bitcoin-focused business in 2020 and became the first publicly traded company to make Bitcoin a core treasury asset.

Strategy now owns nearly 850,000 Bitcoins worth more than $50 billion at current market prices. Saylor believes workers and entrepreneurs should focus on directing AI rather than competing with it.