Steve Cohen says AI will be a ten -year motif

Miami Beach, Florida-Investor of the billionaire Steve Cohen stands thanks to the long-term stubborn view on artificial intelligence despite the wild variability, saying that the transformation change can take decades.

“This is a motive from 10 to 20 years. This will affect everyone, as they run their lives, how they run a business, “said Cohen at the Iconnections Global Alts conference on Tuesday. “We are still in the first, second round of something that will be transforming for the economy and the world. … It is such a dramatic, important change that this is ignoring, I think it’s a mistake.”

Commentary of the chairman and general director of Hedge Fund Point72 came when the young Chinese startup Ai Deepseek caused Huge route In American supplies of technology on Monday. Highly competitive Deepseek models resulting from a fraction of costs shocked the investor’s trust in the history of AI I noise around Nvidia systems.

Cohen, who is also the owner of New York Mets, said that AI Boom can see ups and downs, and the lack of accurate information can exacerbate the variability around AI investments.

“It will be episodic. Will not go in a straight line. There will be progress, and then quiet, “said Cohen. “And there will be moments when people will doubt it, just like yesterday. There are many people who owners of those inventories who may not know what some AI securities owns.

NVIDIA, so far the largest AI factor, recorded 17% shares on Monday, i.e. almost $ 600 billion of market value, The largest one -day decline in history Value for an American company. The name Megacap increased almost 9% on Tuesday.

Cohen also said that his company is expecting to raise $ 1.5 billion for a new hedge fund focused on artificial intelligence to use the boom.