Key facts
- Citadel founder Ken Griffin believes AI will replace white-collar jobs.
- He stated that human creativity is essential for Citadel's research.
- Griffin predicted a "golden age" for entrepreneurs due to falling business startup barriers.
Citadel founder Ken Griffin expressed concern about artificial intelligence's impact on white-collar jobs, predicting that roles like translators could become obsolete. He advocated for the US to embrace "reskilling" initiatives to support affected workers. However, Griffin asserted that human creativity and ingenuity remain crucial for Citadel's core business of fundamental research and generating market-beating returns. He noted that while AI assistants have been provided to stock pickers to enhance research, human judgment is still paramount. Griffin also anticipates a "golden age" for entrepreneurs as barriers to starting businesses decrease, despite the transformative changes AI will bring.