"Person of the Year is a powerful way to focus the world's attention on the people that shape our lives. And this year, no-one had a greater impact than the individuals who imagined, designed, and built AI," Time editor-in-chief Sam Jacobs wrote in a letter to readers.

The magazine says AI is "wowing and worrying humanity" and changing the world in "sometimes frightening ways".

Donald Trump, then President-elect of the United States, was named Time's "Person of the Year" for 2024, marking his second time after 2016.