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
Hollywood Eyes Cheap, Addictive Mini-Dramas As a New Source of Growth

Hollywood Eyes Cheap, Addictive Mini-Dramas As a New Source of Growth

June 3, 2025
Recording Reveals What Tesla Trainer Told Staff About Company Culture

Recording Reveals What Tesla Trainer Told Staff About Company Culture

June 3, 2025
W-4 Form: How To Fill It Out In 2025

W-4 Form: How To Fill It Out In 2025

June 3, 2025
Gen Xer Boosts Pay to 0K With 2nd Job, De-Stresses With Side Hustle

Gen Xer Boosts Pay to $100K With 2nd Job, De-Stresses With Side Hustle

June 3, 2025
Your Guide To Apple Card’s Cash Back Program

Your Guide To Apple Card’s Cash Back Program

June 3, 2025
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
June 3, 2025 5:02 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

Hollywood Eyes Cheap, Addictive Mini-Dramas As a New Source of Growth

Hollywood Eyes Cheap, Addictive Mini-Dramas As a New Source of Growth

Europe Spending More but Moving Too Slowly to Fight Russia: Saab CEO

Europe Spending More but Moving Too Slowly to Fight Russia: Saab CEO

GOP Lawmaker Who Said He’d Ban Stock Trading Made More Than 530 Trades

GOP Lawmaker Who Said He’d Ban Stock Trading Made More Than 530 Trades

Moved From the US to England 5 Years Ago; What Surprised Me

Moved From the US to England 5 Years Ago; What Surprised Me

Nintendo Switch 2 to Boost Sales at Target, Best Buy

Nintendo Switch 2 to Boost Sales at Target, Best Buy

I Own My House and My Partner Pays Me Rent

I Own My House and My Partner Pays Me Rent

Laurene Powell Jobs Sounds Impressed by Mystery OpenAI Device

Laurene Powell Jobs Sounds Impressed by Mystery OpenAI Device

Buying a Home Is Hard — Even If You Work for Zillow

Buying a Home Is Hard — Even If You Work for Zillow

Diddy Trial: Accuser ‘Mia’ Explains Why She Told Mogul She Loved Him

Diddy Trial: Accuser ‘Mia’ Explains Why She Told Mogul She Loved Him

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Recording Reveals What Tesla Trainer Told Staff About Company Culture

Recording Reveals What Tesla Trainer Told Staff About Company Culture

June 3, 2025
W-4 Form: How To Fill It Out In 2025

W-4 Form: How To Fill It Out In 2025

June 3, 2025
Gen Xer Boosts Pay to 0K With 2nd Job, De-Stresses With Side Hustle

Gen Xer Boosts Pay to $100K With 2nd Job, De-Stresses With Side Hustle

June 3, 2025
Your Guide To Apple Card’s Cash Back Program

Your Guide To Apple Card’s Cash Back Program

June 3, 2025
Jamie Dimon: the Market Feels ‘Complacent’ Right Now

Jamie Dimon: the Market Feels ‘Complacent’ Right Now

June 3, 2025

Latest News

Can You Pay Off Your Apple Card With A Balance Transfer?

Can You Pay Off Your Apple Card With A Balance Transfer?

June 3, 2025
Europe Spending More but Moving Too Slowly to Fight Russia: Saab CEO

Europe Spending More but Moving Too Slowly to Fight Russia: Saab CEO

June 3, 2025
Windsurf’s CEO Says It’s Hard for Big Teams to Align on New Ideas

Windsurf’s CEO Says It’s Hard for Big Teams to Align on New Ideas

June 3, 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.