Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Redwood Materials Diverts Its Battery Hoard Toward the AI Energy Boom

Redwood Materials Diverts Its Battery Hoard Toward the AI Energy Boom

June 27, 2025
When Should You Refinance Your Mortgage?

When Should You Refinance Your Mortgage?

June 26, 2025
She Works in Venice and Says Celebrity Weddings Are a Good Thing

She Works in Venice and Says Celebrity Weddings Are a Good Thing

June 26, 2025
Tax Brackets And Federal Income Tax Rates For 2024-2025

Tax Brackets And Federal Income Tax Rates For 2024-2025

June 26, 2025
Bank of Montreal Joins a Lineup of Top Banks to Enforce RTO

Bank of Montreal Joins a Lineup of Top Banks to Enforce RTO

June 26, 2025
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
June 27, 2025 12:17 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
Fin Street NewsFin Street News
Home » Ken Griffin: AI Not Going to Be a Game Changer for Investment Business
Ken Griffin: AI Not Going to Be a Game Changer for Investment Business
Finance

Ken Griffin: AI Not Going to Be a Game Changer for Investment Business

News RoomBy News RoomMay 2, 20250 ViewsNo Comments

Ken Griffin, the founder and CEO of Citadel, said he doesn’t think AI will revolutionize the investment business.

“Do we use it in our investment business? A little bit, a little bit. I can’t say it’s been game-changing,” Griffin said in an interview that was published on the Stanford Graduate School of Business’ YouTube channel on Thursday.

Griffin was speaking to students as part of Stanford’s “View From The Top” interview series when he was asked how AI will affect Citadel.

“It saves some time. It’s a productivity enhancement tool. It’s nice, I don’t think it’s going to revolutionize most of what we do in finance,” Griffin added.

Griffin said generative AI models do not lend themselves well to investment analysis because they cannot make long-term forecasts.

“So machine learning models work really well with problems that are more static in nature. Reading a radiological report. But investing is about understanding how the future is going to unfold, and that’s where these models really struggle, right?” Griffin said.

“They work great in short-term trading, and short-term, I mean as in like the next five minutes. But when you think about the next year or two years, they really start to fall apart,” he continued.

To be sure, Griffin did not brush aside the impact AI could have on the world at large. In the interview, Griffin said AI is “going to change the world around you in a lot of profound ways.” He cited jobs such as working at a call center or translating documents disappearing as AI begins to take over these tasks.

“So machine learning is going to come with a cost to society, a cost that we need to understand. How do we help these people land on their feet so we don’t end up with a backlash against AI and machine learning,” Griffin said.

Griffin’s view of AI in his industry contrasts with that of many business leaders across industries, from e-commerce and retail to tech and banking. JPMorgan’s CEO Jamie Dimon has been more bullish on the impact of AI on his bank’s operations.

In April 2024, Dimon wrote in his annual letter to shareholders that JPMorgan envisions having generative AI “reimagine entire business workflows.”

“While we do not know the full effect or the precise rate at which AI will change our business — or how it will affect society at large — we are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years,” Dimon wrote.

Representatives for Griffin at Citadel did not respond to a request for comment from Business Insider.



Read the full article here

business changer game Griffin investment Ken
Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Top General Offers Look Into Planning to Defeat Iran’s Nuclear Sites

Top General Offers Look Into Planning to Defeat Iran’s Nuclear Sites

Americans Look to Stock up on Emergency Supplies As Anxiety Builds

Americans Look to Stock up on Emergency Supplies As Anxiety Builds

Microsoft Moves CISO Out of Its Security Group to Be Closer to AI Work

Microsoft Moves CISO Out of Its Security Group to Be Closer to AI Work

Orlando Bloom and Katy Perry’s Relationship Timeline, From Dating to Marriage and Kids

Orlando Bloom and Katy Perry’s Relationship Timeline, From Dating to Marriage and Kids

Engineers Gate’s Performance Hot Streak Fuels Surge in Assets and PMs

Engineers Gate’s Performance Hot Streak Fuels Surge in Assets and PMs

Marketing Leaders Talked AI Strategies at BI’s CMO Insider Breakfast

Marketing Leaders Talked AI Strategies at BI’s CMO Insider Breakfast

Ex-Barclays CEO Lied About Jeffrey Epstein Ties, Court Rules

Ex-Barclays CEO Lied About Jeffrey Epstein Ties, Court Rules

Diddy Trial: Prosecutor Says Mogul Refused to Take ‘No’ for Answer

Diddy Trial: Prosecutor Says Mogul Refused to Take ‘No’ for Answer

Top US General Shares How Patriots Shot Down Iranian Missiles

Top US General Shares How Patriots Shot Down Iranian Missiles

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

When Should You Refinance Your Mortgage?

When Should You Refinance Your Mortgage?

June 26, 2025
She Works in Venice and Says Celebrity Weddings Are a Good Thing

She Works in Venice and Says Celebrity Weddings Are a Good Thing

June 26, 2025
Tax Brackets And Federal Income Tax Rates For 2024-2025

Tax Brackets And Federal Income Tax Rates For 2024-2025

June 26, 2025
Bank of Montreal Joins a Lineup of Top Banks to Enforce RTO

Bank of Montreal Joins a Lineup of Top Banks to Enforce RTO

June 26, 2025
Tax Refund Status: How To Track Your Tax Refund

Tax Refund Status: How To Track Your Tax Refund

June 26, 2025

Latest News

I Help Busy People Organize Digital Clutter — Here Are My 5 Top Tips

I Help Busy People Organize Digital Clutter — Here Are My 5 Top Tips

June 26, 2025
What Is An Expense Ratio And What’s A Good One?

What Is An Expense Ratio And What’s A Good One?

June 26, 2025
Nike Is Raising Prices As It Expects  Billion Tariff Hit

Nike Is Raising Prices As It Expects $1 Billion Tariff Hit

June 26, 2025

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.