Steve Cohen, Chairman and CEO Point 72 speaks to CNBC on April 3, 2024.
CNBC
Miami Beach, Florida. The billionaire investor Steve Cohen stands in addition to his long -term look of artificial intelligence despite the recent wild fluctuations, saying that the transformation may take decades to achieve it.
“This is a topic from 10 to 20 years. It will affect everyone on how they do their lives, and how they do their work,” Cohen said at the iconnections Global Alts conference on Tuesday. “We are still in the second half, the second half of something will be a transformation of the economy and the world …. It is an exciting and important transformation of its ignorance, and I think it is a mistake.”
The Chairman and CEO of Point72 hedge funds were suspended, as the young Chinese company Deepseek ignited AI AI A tremendous defeat In the United States technology shares on Monday. Dibsic models, highly competitive, made from a small part of the cost, rocked the investor confidence in the story of artificial intelligence and Holding around NVIDIA chips.
Cohen, who is also owned in New York Mits, said the artificial intelligence boom can see up and down, and the lack of accurate information may exacerbate the fluctuations about the investments related to the prosecution.
“It will be accidental. He will not go in a straight line. There will be progress, then calm down,” Cohen said. “There will be moments when people doubt this yesterday. There are many people who own these shares who may not know what they have and why they own, unlike they know they should have some securities of artificial intelligence.
NVIDIA, the largest enabling factor in artificial intelligence so far, has seen the tank share by 17 % on Monday, or approximately $ 600 billion in the market value – The largest decrease in one day In the value of an American company. The name Megacap 7 % recovered on Tuesday.
Cohen also revealed that his company raised $ 1.5 billion for the new hedge fund, which focuses on artificial intelligence to benefit from the mutation.
