Citadel's Ken Griffin sees an AI bubble but backs its survivors to dominate for decades

Citadel founder Ken Griffin told an audience at Citadel Securities’ Future of Global Markets Conference in New York on October 20 that artificial intelligence was probably in a bubble. He stopped short of predicting a crash and said companies that survive the bubble could lead markets for decades, citing the dot-com era and saying the excess did not justify selling. Griffin also said Citadel’s AI agents, programs that carry out multistep tasks without a human directing every step, have cut some research work from six to eight weeks to two or three hours.