Posted 4/7/2024, 7:50:00 AM
Ken Griffin Urges Caution on AI Optimism, Sees Risk of Disappointment
- Ken Griffin believes investors are too optimistic about AI and its potential economic impact
- He sees AI leading to incremental gains like replacing some entry-level jobs, but not transforming industries
- Many AI and tech stocks have extremely high valuations based on high growth expectations around AI
- There's skepticism even among tech workers that AI will be as transformative as predicted
- Investors should consider the assumptions underlying these inflated valuations and the risk if AI growth disappoints