The AI community may regret its early hype around the technology, billionaire investor Ken Griffin warned.
That’s Citadel CEO and founder Ken Griffin, who warned Tuesday that artificial-intelligence purveyors may regret the attention they’re generating around the technology, CNBC reported.
Speaking at an event for the hedge fund’s new class of interns in Fort Lauderdale, Fla., Griffin said AI would be transformative someday but was still in its early stages, according to the report. Talk that AI will eliminate millions of white-collar jobs is premature, Griffin said. “Some professions are accepting of errors, but you have to be... “‘I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of generative AI.
— Ken Griffin, founder and CEO, Citadel That’s Citadel CEO and founder Ken Griffin, who warned Tuesday that artificial-intelligence purveyors may regret the attention they’re generating around the technology, CNBC reported. Speaking at an event for the hedge fund’s new class of interns in Fort Lauderdale, Fla., Griffin said AI would be transformative someday but was still in its early stages, according to the report. Talk that AI will eliminate millions of white-collar jobs is premature, Griffin said. “Some professions are accepting of errors, but you have to be really accurate in finance. You have to be really accurate as a lawyer.
AI-related stocks have been on a tear in 2023, with megacap tech shares driving gains for the S&P 500 SPX . Chip maker Nvidia Corp. NVDA saw shares surge in late May after it delivered a blowout earnings forecast centered on soaring demand for chips related to AI applications. That built on an already staggering upside run for the stock, which is up 164% so far in 2023.
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