Steve Cohen, founder of Point72, spoke at the iConnections conference, highlighting that recent advancements by Chinese startup DeepSeek signify positive growth for the AI sector. He argued that DeepSeek's developments boost the move towards artificial superintelligence, and while he acknowledged potential slowing due to economic policies, he maintained a bullish outlook on industry innovations. Cohen indicated that despite bumps along the way, numerous companies would eventually succeed, reflecting his confidence in AI's trajectory and the U.S. position in the global landscape despite challenges from China.
Cohen emphasized that what's happening with DeepSeek is actually super bullish for the AI industry and that advances towards artificial superintelligence are coming quickly.
While optimistic about AI's potential, Cohen cautioned that tariffs and immigration policies could negatively impact overall economic growth and consumer spending.
Cohen described the AI industry's advancement as containing bumps but assured that there would be many winners in this episodic journey towards superintelligence.
He stated that the U.S. has not lost the AI race despite recent successes by Chinese companies, asserting a continued bright future for AI development.
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