The scheme looks like this: Gil, or a firm he backs, acquires a stable, white-collar business with a healthy cashflow, like a law firm or a marketing agency. Then, Gil “helps them scale through AI” — techno corpospeak for “lay off a bunch of workers and automate their labor with AI” — using the proceeds to buy other firms to add to the empire. Think Sam Bankman-Fried meets “The Blob,” and you’re not far off.
Early AI investor Elad Gil finds his next big bet: AI-powered roll-ups