
Citadel founder and CEO Ken Griffin stated that investors were overly optimistic about artificial intelligence and a bubble was formed.
Citadel CEO Ken Griffin said at the conference in New York that AI investments have gone overboard and a bubble is almost certain to have formed.
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Citadel founder Ken Griffin evaluated artificial intelligence markets at the Future of Global Markets Conference in New York.
Ken Griffin, founder and CEO of Citadel, one of the world's leading hedge funds, spoke at the Future of Global Markets Conference in New York last night. Stating that investors are too optimistic about artificial intelligence, the famous manager also said that many issues still remain unclear.
“It sure looks like a balloon…”
Stating that companies spend too much money on artificial intelligence and that the investments are too high, Griffin stated that a bubble is almost certain to form:
"Companies have not yet received a return on the money they spent on artificial intelligence. But huge amounts of money have been spent and are being spent on services and infrastructure. It is almost certain that a bubble has formed... Many companies that invested in companies such as OpenAI and Anthropic still cannot find out how efficient the investment is. In fact, every technology that completely changes the economy is usually accompanied by a bubble. The internet bubble in 2000 was like this."
Citadel manager also stated that he is not against artificial intelligence and even believes in this technology, but it is clearly seen that the money invested in artificial intelligence stocks and infrastructure today is excessive.

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