Reported 1 day ago
Steve Cohen, the billionaire founder of Point72 Asset Management, expressed optimism about the potential of artificial intelligence, particularly highlighting the Chinese startup DeepSeek as a catalyst for advancing AI technology. Despite recent concerns over declining US stocks and AI investments, Cohen believes the emergence of DeepSeek signals a shift towards artificial super-intelligence. He emphasized the need for investors to focus on long-term AI themes, although he anticipates market turbulence ahead due to slowing economic growth and persistent inflation.
Source: YAHOO