Earlier quoted context omitted.
How does that work? Funding is useful, but we aren't seeing fully-automated startups, and often, founders don't need all that much funding.
By completely eliminating the need for a human workforce, therefore rendering a majority of humanity obsolete, therefore lots of social inequality, therefore lots of starvation, poverty and death. When billionaires say "think about the trillions of people that will benefit from AI" and some notion of living in a post scarcity world, they are talking about _their_ descendants, not yours.
Nobody wants to be king of the ashes. The future is going to be the same as now, just with a little less menial work.