Griffin Says GenAI Fails to Help Hedge Funds Beat Markets

Ken Griffin, the billionaire founder of Citadel, has stated that generative AI has not been helpful in allowing hedge funds to outperform the markets. He believes that the impact of this technology on the hedge fund industry has been minimal so far. Griffin's remarks suggest that despite the hype surrounding generative AI, it has not yet translated into significant advantages for hedge funds in beating the broader market. He indicates that the technology has not been a game-changer for the industry, contrary to some expectations. The article does not provide further details on Griffin's specific reasons or evidence for his assessment of generative AI's limited impact on hedge fund performance. It remains to be seen whether this technology will evolve to have a more substantial influence on the hedge fund sector in the future.
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