Billionaire Ken Griffin of Citadel Dropped a Can't-Miss, 2-Word Reality Check on the AI Revolution
Technological advances are driven by hype, with next-big-thing innovations taking years to mature.
Overview
For the better part of the last four years, nothing has put the wind in Wall Street's sails quite like the evolution of artificial intelligence (AI).
Empowering software and systems to make autonomous, split-second decisions is a technology that PwC believes can create $15.7 trillion in global economic value by 2030. It's also a technology that's fueled the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) to all-time highs.
Details
The AI revolution has several prominent cheerleaders on Wall Street, ranging from high-profile CEOs to the savviest billionaire money managers. However, you won't find Citadel founder and CEO Ken Griffin among them.
Source
Originally published at www.fool.com.
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