Billionaire investor and Citadel CEO Ken Griffin is pumping the brakes on the rampant enthusiasm for artificial intelligence (AI), warning that its true economic impact may be decades away while simultaneously sounding the alarm on immediate economic threats, including high inflation and a historically weak U.S. dollar.
AI Boom Eerily Similar To Early Days On The Internet
Speaking at the ‘Future of Global Markets 2025’ conference, Griffin drew parallels between the current AI boom and the early days of the internet.
While he believes AI will ultimately change the world, he cautioned that investors are miscalculating the timeline for its widespread adoption and profitability.
“The dream may not take three or five years to play out, it could be 20 years… it can be 30 years,” Griffin stated. He predicted the industry would undergo “a real sort of sorting at the winners or losers,” similar to the dot-com bubble, before the technology’s true value is cemented.
Full story available on Benzinga.com
Billionaire investor and Citadel CEO Ken Griffin is pumping the brakes on the rampant enthusiasm for artificial intelligence (AI), warning that its true economic impact may be decades away while simultaneously sounding the alarm on immediate economic threats, including high inflation and a historically weak U.S. dollar.
AI Boom Eerily Similar To Early Days On The Internet
Speaking at the ‘Future of Global Markets 2025’ conference, Griffin drew parallels between the current AI boom and the early days of the internet.
While he believes AI will ultimately change the world, he cautioned that investors are miscalculating the timeline for its widespread adoption and profitability.
“The dream may not take three or five years to play out, it could be 20 years… it can be 30 years,” Griffin stated. He predicted the industry would undergo “a real sort of sorting at the winners or losers,” similar to the dot-com bubble, before the technology’s true value is cemented.
Full story available on Benzinga.com
Billionaire investor and Citadel CEO Ken Griffin is pumping the brakes on the rampant enthusiasm for artificial intelligence (AI), warning that its true economic impact may be decades away while simultaneously sounding the alarm on immediate economic threats, including high inflation and a historically weak U.S. dollar.
AI Boom Eerily Similar To Early Days On The Internet
Speaking at the ‘Future of Global Markets 2025’ conference, Griffin drew parallels between the current AI boom and the early days of the internet.
While he believes AI will ultimately change the world, he cautioned that investors are miscalculating the timeline for its widespread adoption and profitability.
“The dream may not take three or five years to play out, it could be 20 years… it can be 30 years,” Griffin stated. He predicted the industry would undergo “a real sort of sorting at the winners or losers,” similar to the dot-com bubble, before the technology’s true value is cemented.
Finally, someone isn’t afraid to speak the truth. Everyone knew that computers, semiconductors, and internet were going to change the …Full story available on Benzinga.com Read MoreEquities, FDN, FTEC, IGM, IXN, MAGS, Market Summary, News, QQQ, QTUM, SPY, Futures, Markets, Tech, General, FDN, US33733E3027, IGM, US4642875490, IXN, US4642872919, SPY, US78462F1030, MAGS, IL0010829161, QQQ, US73935A1043, FTEC, QTUM, News, Equities, Market Summary, Futures, Markets, Tech, General, Benzinga Markets
