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

Citadel founder Ken Griffin told a New York audience on October 20 that AI is “almost certainly” in a bubble. He stopped short of calling a crash but said firms that emerge from it will lead markets for decades. Some Citadel research shrank from weeks to two or three hours Griffin was speaking at the Future of Global Markets Conference, an annual event hosted by Citadel Securities, on Tuesday night. “Any radical transformation of our economy is generally intertwined with a bubble,” he said. He cited the dot-com era and said he wished he had held on to his Amazon stock. The companies that survive a bubble “are the market leaders for decades to come,” Griffin said, adding the froth was no reason to sell.

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