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Investors ‘almost certainly’ in midst of AI bubble: Ken Griffin
Griffin said AI spending is outrunning profits, even as he expects the technology to create decades-long winners and new startups.
- Ken Griffin, founder of the $77 billion hedge fund Citadel and market maker Citadel Securities, warned on Tuesday that artificial intelligence will make once-stable, well-paid jobs like translators obsolete.
- Despite the "tremendous" advancement of models, Griffin said in New York that producing market-beating returns remains "squarely in the domain of humans." He argued the core business is research.
- Citadel provided stock pickers with assistants late last year "to further accelerate their research process," though Griffin warned against "offloading human judgment" to the technology.
- As a business owner, Griffin noted that artificial intelligence is frightening because "you're seeing your competitive moats being filled in by bulldozers," forcing established companies to innovate faster than ever.
- Predicting a "golden age" for entrepreneurs, Griffin added that the country should embrace "reskilling" for those at risk as barriers to starting small businesses fall.
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Jon Gray, Blackstone president and COO, joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, state of the AI boom, M&A landscape, state of the economy, the Fed's inflation fight, and more.
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BizTocKen Griffin: There Are “Almost Certainly Bubbles” in AI Right Now
Ken Griffin spent most of 2026 dismissing AI hype, then watched agentic tools collapse weeks of Citadel research into hours. Now he thinks a bubble is forming, and his reasoning explains why the market barely flinched at the word.
·Lakewood, United States
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Total News Sources35
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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