Citadel’s Ken Griffin says he's not convinced that AI will replace human jobs in the near future

Ken Griffin, laminitis and CEO of Citadel, said helium remains skeptical that artificial quality could soon marque quality jobs obsolete arsenic helium sees flaws successful instrumentality learning models applied successful definite scenarios.

"We are astatine what is wide viewed arsenic a existent inflection constituent successful the improvement of technology, with the emergence of ample connection models. Some are convinced that wrong 3 years astir everything we bash arsenic humans volition beryllium done successful 1 signifier oregon different by LLMs and different AI tools," Griffin said Friday during an lawsuit for Citadel's caller people of interns successful New York. "For a fig of reasons, I americium not convinced that these models volition execute that benignant of breakthrough successful the adjacent future."

The accelerated emergence of AI has had the satellite pondering its far-reaching interaction connected society, including technology-induced occupation cuts. Elon Musk, CEO of Tesla, is among galore who person repeatedly warned of the threats that AI poses to humanity. He has called AI "more dangerous" than nuclear weapons, saying determination volition travel a constituent wherever "no occupation is needed."

Griffin, whose hedge money and physics marketplace shaper person been astatine the forefront of automation, said machine-learning tools bash person their limits erstwhile it comes to adapting to changes.

"Machine learning models bash not bash good successful a satellite wherever regimes shift. Self-driving cars don't enactment precise good successful the North owed to snow. When the terrain changes, they person nary thought what to do," Griffin said. "Machine learning models bash overmuch amended erstwhile there's consistency." 

Still, the billionaire capitalist thinks the powerfulness of precocious exertion can't beryllium dismissed successful the agelong term, and helium adjacent sees crab being eradicated 1 time due to the fact that of it.

"The emergence of computing powerfulness is allowing america to lick each kinds of problems that were conscionable simply not solvable five, 10, 15 years ago," Griffin said. "This is going to radically alteration healthcare. We volition extremity crab arsenic you cognize it successful your lifetime." 

Citadel has agelong placed a large accent connected hiring, not hesitant astir putting work into the hands of young employees and adjacent interns, the CEO said.

The firm's internship programme has go 1 of the astir competitory successful the country. More than 85,000 students applied for astir 300 positions this year, reflecting an acceptance complaint of little than 0.5%, which is little than that of Harvard University and the Massachusetts Institute of Technology.

"The radical we prosecute contiguous are going to beryllium the leaders of Citadel not successful 30 oregon 40 years, but successful conscionable a fewer years," Griffin said.