Steve Cohen Protection Fund Director still ‘increased’ on AI after the large seller
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The rapid arrival of China’s Deepseek Artificial Intelligence group is a group of Bull Bullish for the industry, the director of the billionaire protection Fund Steve Cohen, who blamed the reduction of technology in the second information on false information. deviated.
Our view is what happened to DeepSeek really optimistic because it turned to switch to artificial super intelligence, and that was coming and it was coming quickly, he said at a conference. Protection Fund in Miami, mentioning AI model Someday may have better perceived awareness theory.
The British Point72 protection fund has recently launched a new strategy focusing on AI asset transactions, including hardware like semiconductors. It manages about 1.5 billion dollars and is named Turion Foundation at the name of the Alan Turing mathematician.
At the global Alts Conference in Miami, Cohen added: There are many people out there talking and not doing this job and they can false information about investors and they can false information about the public. And we saw a little about that yesterday. “
The manager of the high -end protection fund is mostly removed Market habits On Monday, including NVIDIA – considered the leader of AI stocks – decreased by about 17 %.
The Slide in stocks has been activated by a new model Deepseek, which announced a much lower price breakthrough to develop compared to models designed by US rivals. Nvidia’s stock price increased by nearly 9 % on Tuesday as investors fell back.
Cohen said his point of view – And its influence in the market – long -term deviations. Instead of focusing on this week’s stock moves, he said who is a major change of Muslims and will affect people, and the way they proceed their lives and the way they do business.
There will be moments when people will doubt it like yesterday and there are many people who own these stocks probably do not know what they own and why they own it, he said.
Cohen stepped back from the transaction at his protection fund last year, but still the executive director at the company, leading his business strategy and helped manage talent.
Like competitors Citadel and Millennium, Point72 is a multi -management protection fund, using 185 investment groups focusing on many trading strategies in stocks, Macro transactions and computers. He also owns a Mets baseball team in New York, which has consumed more time in recent years.
Cohen, 68, told the attendees at the Miami Conference: I had this vision that 70 was still behind the screen and I was like, that didn’t make any sense.
