Ken Griffin

But even the massive financial losses in 08, in the scheme of life, had very little forewarning.

So I think it's very important that when you're in the money management business, you put your risk management hat on.

You keep in mind that no matter how exuberant the market may be at any moment in time, when you're late in that cycle, that cycle can shift in the blink of an eye.

AI is clearly having a moment in the sun today.

And the AI community is going to have to demonstrate its ability to deliver literally trillions of dollars of value.

And, you know, I as an American hope that that comes to pass, but there are reasons that we should all be just a bit concerned about the speed with which this change will happen.

I mean, it's a simple, here's a simple framework.

When they invented the personal computer, okay, did we think the world was gonna change in a profound way?

Of course we did.

But it's taken 50 years to play out.

We're still very much in the middle of the journey.

AI today, large language models in particular, have been in existence for a few years.

I think there's a real chance that when we think about the forms of,

AI that are alluded to by many of the market's leaders today, that their dream for the future may not take three to five years to play out.

It could be 20 years.

It could be 30 years.

You know, it's like the Internet, and people hate this analogy, but like the dot-com moment back at the start of this century, did anyone have any doubt that the Internet was going to change the world?

No.

Has the internet changed the world?

Absolutely.