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Point72 Founder Says DeepSeek Is ‘Super Bullish’ For AI Industry

  • Steve Cohen, founder of hedge fund Point72, believes that the recent turmoil caused by Chinese AI start-up DeepSeek is actually positive for the AI industry.
  • Cohen sees this as a step towards artificial superintelligence, which he believes is coming quickly.
  • DeepSeek's rise in popularity and its cost-effective AI models have raised questions about the heavy spending on AI infrastructure by Western tech companies.
  • Cohen also predicts that market growth may slow down due to President Trump's proposed tariff and immigration plans.

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