Kenneth Griffin, CEO and founder of hedge fund Citadel, stated that artificial intelligence (AI) will find it difficult to replace human jobs in the near future.
According to the economic media CNBC on the 1st (local time), Griffin attended Citadel's internship event held in New York last week and said, "We are at a point considered a true inflection point in the evolution of technology." He added, "Some believe that within three years, most of the work done by humans will be performed in some form by large language models (LLM) and AI tools, but for various reasons, I am not convinced that such groundbreaking progress will occur in the near future."
Griffin also pointed out the limitations of machine learning models in adapting to change. He evaluated, "Autonomous vehicles do not work well in the north due to snow. When the terrain changes, they have no idea what to do," and added, "They work much better when there is consistency." He explained that since machine learning models are limited to specific scenarios, he is skeptical about predictions that human jobs will be eliminated anytime soon.
However, he also emphasized that the impact of AI cannot be ignored in the long term. He predicted, "With advances in computing power, we can now solve all kinds of problems that were unsolvable 5, 10, or 15 years ago," and added, "(Advanced technologies including AI) will fundamentally change healthcare. Cancer will be eradicated within our lifetime."
On the day, Griffin also revealed that he focuses on hiring and does not hesitate to assign responsibilities to young employees and interns. Citadel's internship program is considered one of the most competitive programs in the United States. It was reported that about 85,000 students applied for 300 positions this year. CNBC reported that the acceptance rate is below 0.5%, lower than Harvard University and the Massachusetts Institute of Technology (MIT). He said, "The people we hire will be Citadel's leaders not 30 to 40 years from now, but just a few years from now."
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