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The rapid appearance of the Chinese Artificial Intelligence Group of Deepseek for the sector is “Bullish,” said HEDGE Funds Manager Steve Cohen, who blamed for misinformation that he was in technological stakes on Monday.
“Our opinion is that what happened to Deepsek is actually a bull’s because it progresses the transition to artificial super intelligence, and that comes and comes quickly,” he said at a conference on Hedge funds in Miami, referring to that AI models This will one day have a better cognitive reasoning than people.
His Hedge Fund Point72 recently launched a new strategy that focuses on trading AI property, including hardware like a semiconductor. He manages about $ 1.5 billion and the Turion Fund has been named after mathematician Alan Turing.
At the Global ALTS conference in Miami, Cohen added: “There are a lot of people talking who have not done a job, and they can wrongly inform investors and they can wrongly inform the public and we saw that yesterday.”
High manager of the Hedge Fund has greatly taken place market route On Monday, which included Nvidia – which is widely considered the leader of AI shares – about 17 percent fell.
AND Slide in stock He encouraged a new model that discovered Deepseek, who claimed that a technological breakthrough that cost far less than the development from the model designed by American rivals. The price of Nvidia shares on Tuesday gathered almost 9 percent on Tuesday, while investors plunged into shares.
Cohen said his gaze on AI – and his impact on the market – in the long run distorted. Instead of focusing on this week’s stock moves, he said that Ai was a “huge shift” and would affect “everything and how they spend their lives and how they operate.”
“There will be moments where people will doubt it as yesterday and there are a lot of people who own these shares who may not know what they own and why they own it,” he said.
Cohen stepped down from trading in his Hedge Fund last year, but remains the company’s executive, leading his business strategy and helping talent management.
Like competitors Citadel and Millennium, Point72 is the so -called multipurpose hedge fund, which employs 185 investment teams focused on various trading strategies in shares, macronage and computer trade. He also owns a Mets baseball team in New York, which has spent more of its time in recent years.
Cohen, 68, told the participants at the Miami conference: “I had this vision to be 70 still behind the screen and I was like that, it doesn’t make sense.”
