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.