Billionaire Sam Hupert says AI won’t end his business

Sam Hupert, the billionaire co-founder of Pro Medicus, has sought to allay investor fears that artificial intelligence poses a threat to his company after shares of the medical imaging software group fell more than 20 percent despite a strong first-half result.

After years of being among the best-performing companies on the ASX, Pro Medicus shares have been caught up in the global wave of panic selling in companies that may be affected by rapid advances in AI.

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