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Entrepreneurs and veteran CEOs alike are reaping the rewards of the booming artificial intelligence (AI) market, as investors pour billions into AI-related startups. Mustafa Suleyman, co-founder of Inflection AI, saw his net worth skyrocket to the hundreds of millions after a $225 million funding round in May 2022. Meanwhile, Jensen Huang, founder of AI chip maker Nvidia Corp., nearly tripled his net worth to $38.5 billion this year. Pitchbook data shows that $35 billion has been invested in AI deals this year, with a record $12.8 billion going to companies working on generative AI. Despite the potential of AI, investors must be wary of overhyped startups.