Billionaire investor Steve Cohen remains optimistic about the long-term potential of artificial intelligence, emphasizing its transformative impact over the next 10 to 20 years despite recent volatility. Cohen highlighted the importance of understanding the AI boom’s episodic nature and the need for accurate information to navigate fluctuations in the market, particularly after the recent rout caused by Chinese AI startup DeepSeek. Point72’s chairman and CEO also announced plans to launch a $1.5 billion AI-focused hedge fund to capitalize on the ongoing technological advancements.
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David Lammy Said Cutting Foreign Aid Was 'A Big Strategic Mistake' Just 2 Weeks Ago
Foreign Secretary David Lammy criticized the US for potentially cutting international aid, warning that it could allow China to expand its influence. However, just two weeks later, the UK Prime Minister announced a plan to increase defence spending by cutting the international development budget, sparking backlash from Labour figures and charities. Lammy has been consistent in his opposition to foreign aid cuts, as has Chancellor Rachel Reeves, who previously warned that such cuts would diminish...
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