This New Billionaire Is Building An Army Of Robot Construction Workers
- 3 months ago
John Fish created New England’s largest general contractor, Suffolk, on the backs of laborers. Now he’s betting the future is filled with hardwired hard hats and AI foremen.
A 63-year-old construction industry lifer, Fish made a fortune building high-rises from Massachusetts to California. He’s worth $2.3 billion, thanks to his 100% stake in $6 billion (revenue) Suffolk, the Boston-based construction firm which in the last 20 years has built more than 150 million square feet of commercial real estate in the U.S., including much of Boston’s skyline and hotels in Los Angeles and Miami.
Now he’s looking to disrupt the $2.1 trillion industry that made him so successful. His Suffolk Technologies division is building new construction-focused software products, some of which it’s spinning off into separate ventures, while his venture investing arm has taken stakes in dozens of ambitious construction tech startups that do everything from 3D printing of walls to manufacturing emission-free portable power generators.
Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/02/20/watch-out-workers-john-fish-and-his-ai-is-coming-for-blue-collar-jobs-too/?sh=4e81a84e41df
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A 63-year-old construction industry lifer, Fish made a fortune building high-rises from Massachusetts to California. He’s worth $2.3 billion, thanks to his 100% stake in $6 billion (revenue) Suffolk, the Boston-based construction firm which in the last 20 years has built more than 150 million square feet of commercial real estate in the U.S., including much of Boston’s skyline and hotels in Los Angeles and Miami.
Now he’s looking to disrupt the $2.1 trillion industry that made him so successful. His Suffolk Technologies division is building new construction-focused software products, some of which it’s spinning off into separate ventures, while his venture investing arm has taken stakes in dozens of ambitious construction tech startups that do everything from 3D printing of walls to manufacturing emission-free portable power generators.
Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/02/20/watch-out-workers-john-fish-and-his-ai-is-coming-for-blue-collar-jobs-too/?sh=4e81a84e41df
Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.