AI community is ‘making a terrible mistake’ in hyping the tech, says Citadel’s Ke. . .

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7072636512214945792

AI community is ‘making a terrible mistake’ in hyping the tech, says Citadel’s Ken Griffin: https://lnkd.in/giqaPTKM :

‘I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of generative AI. I think they’re actually doing everybody a huge disservice with the level of hype they are creating.’
— Ken Griffin, founder and CEO, Citadel

Griffin said #AI would be #transformative someday but was still in its early stages. Talk that #AI will #eliminate millions of white-collar #jobs is #premature, Griffin said. “Some professions are accepting of #errors, but you have to be really accurate in #finance. You have to be really #accurate as a #lawyer.”

Bloomberg Hedge Funds at War for Top Traders Dangle $120 Million Payouts https://lnkd.in/gzzQ-Xgw : Paid sabbaticals, huge signing bonuses are among tools being used, as clients foot the bill in chase for steady returns.

We shared similar observations earlier on #Quantitative #Finance and #Trading and related #Financial #Risk #Management #Models https://lnkd.in/g2uvszWi
#HedgeFunds: How to Apply AI Successfully Even when #AI Isn’t #HolyGrail: https://lnkd.in/gYCJv_tD:
Such as discussed in our Princeton University, CFA Institute-CFA Society, and global and US #HedgeFund-#Alternative #Asset #CIO Keynotes :

Princeton University #Princeton Presentations on #Quant #Finance & #Trading and #FinTech-#Crypto Conferences sponsored by Citadel, Goldman Sachs, Princeton Bendheim Center for Finance, Operations Research & Financial Engineering Department, Princeton University:
#AI #ML #Quant #Cyber #Crypto #Quantum #Risk #Computing
ModelRiskArbitrage.com :

Princeton University Presentation on #ModelRiskManagement: https://lnkd.in/eDE4UTr

Princeton University Presentation on #BlackHat #ModelRiskArbitrage:
https://lnkd.in/euWCMmX

Princeton University Presentation on #AI-#GenerativeAI-#GAN #Risks
https://lnkd.in/e5-asuY

#HedgeFund-#PrivateEquity CIOs-COOs Keynote: #FutureOfFinance Alternative #Assets, Alternative #Risks: How We Create the Digital Future And You Can Too: https://lnkd.in/drkwCYmg

#EuropeanUnion #FinTech #Innovation Conference FinTech Risk Management 2 #QuantumUncertainty in #Quant #Finance-#Trading & Hedge Funds Risk Management https://lnkd.in/g5gCZETs

Creating #FutureOfFinance Since 1993: FutureOfFinance.org

#HedgeFunds: How to Apply AI Successfully Even when #AI Isn’t #HolyGrail: Worlds of #StockMarkets vs. Cats & Dogs: https://lnkd.in/g-CpaFdp : Download 217-Slide Deck https://lnkd.in/gYCJv_tD :

#CyberFinance: Advancing Beyond ‘#Predictive’ to ‘#Anticipatory#Risk #Analytics https://lnkd.in/ePrQxJe .

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C4I-Cyber Quantum Valley-SiliconValley Digital Pioneer USAF-USSF Ventures Engineering Sustainabilityy

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Global Post AI-Quantum Finance & Trading Networks Pioneer Dr.-Eng.-Prof. Yogesh Malhotra is the “Singular Post AI-Quantum Pioneer” identified by Grok AI with R&D impact recognized among Artificial Intelligence (AI) and Quantitative Finance Nobel Laureates. As MIT-Princeton AI-ML-Cyber-Crypto-Quantum Finance & Trading and FinTech-Crypto Faculty-Industry Expert, and U.S. and Global Hedge Funds Advisory & Venture Capital CEO-CTO Teams Mentor, he has pioneered Silicon Valley-Wall Street-Pentagon Digital CEO-CTO Practices, Technologies, and Networks from world’s first-foremost-largest Global Digital Transformation Networks to New York State IDEA Award recognized Pentagon-USAF MVP Global Post AI-Quantum Networks pioneering Future of Finance and Trading practices as Trillion-Dollar Wall Street Hedge Funds and Investment Banks leader.