They imagine themselves as the Titans from the Dune universe.
Is any of our current AI tech even making significant strides towards achieving this? I really don't think the current crop or billionaires will live to see this being viable even if they live another 100 years.
It's the kind of thing where you have to join the KKK and uncritically accept everything you're told for 20 years and then maybe you'll be able to fathom it. They will of course mistake that for complex philosophy rather than a steaming pile of horse shit.