Steve Cohen says AI will be decadeslong theme, but Monday proves it won't be a 'straight line'

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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