"I don't know if we know who the next Mark Zuckerberg is in terms of artificial intelligence, but there will be another Mark Zuckerberg, Bill Gates," says Breyer, speaking at the Delivering Alpha conference in New York City, presented by CNBC and Institutional Investor.
There will be "a type of individual or set of individuals that understand that the self-learning capabilities applied to healthcare and finance will look extraordinary over the next decade, because it is so different and fundamental," Breyer says.
First generation computing power involves executing an assigned series of tasks, an algorithm, over and over again. Artificial intelligence, by comparison, allows algorithms to "modify themselves in real time as the data are presented to them and get better and better at what they do," explains Tom Siebel, the former chairman and CEO of Siebel Systems, also at the Delivering Alpha conference. Siebel Systems was a software company that was acquired by Oracle in 2005.
As the future stars of AI build new companies with this new technology, they will create tremendous value for investors, says Breyer.