The chapter examines the elements of the Fifth Wave of technology, and the notion of Society 5.0, Entrepreneurship 5.0, and Industry 5.0, which converges with artificial intelligence (AI), machine learning, and the co-intelligence foundations of new business opportunities. As a result, entrepreneurial decisions are supported by AI-powered analytics that help automate efficiency, monitor outcome and conflicts, and streamline end-to-end task management. Consequently, in AI business models, the real-time decisions are supported by AI-powered analytics, process automations, outcome analysis, conflict management, and streamlined end-to-end task management. This chapter also presents discussions on immersive business technologies, which are built around augmented reality (AR), virtual reality (VR), and mixed reality (MR). These immersive technologies help in converging multi-sensing experiences of customers, employees, and business partners for self-actualization and deep learning within the AI and technology ecosystem. Therefore, in order to implement immersive technology in entrepreneurial business models, firms must make efforts to understand customers’ responses to immersive experiences and the impact of using AR technology in enhancing customer experience.