Steve Cohen Says DeepSeek Is ‘Bullish’ Development for AI Theme
- Says platform advances move to ‘artificial super-intelligence’
- Hedge fund founder says ignoring the technology is a mistake
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The rout in US stocks to start the week, spurred by questions over artificial-intelligence spending, has done little to shake Steve Cohen’s confidence in the technology’s transformative potential.
The billionaire founder of Point72 Asset Management says the creation of Chinese startup DeepSeek could help accelerate AI development even as investors worry that the firm’s platform has upended Wall Street’s assumptions about the buildout of the technology.