Summary · why it matters
Bridgewater co-chief investment officer Greg Jensen warned that the AI boom poses growing risks, comparing the current environment to February 2020 and likening AI to the earliest days of the coronavirus pandemic. Speaking on Bloomberg's Odd Lots podcast, Jensen said that until AI starts killing people, history suggests nothing will be done, and that it would be much better to start dealing with it beforehand. An early investor in OpenAI and Anthropic who has spent three decades at Bridgewater, Jensen now oversees the firm's AI lab and its Pure Alpha strategy, which combines AI with human investors. He said human intuition is still the bigger part and works better, but that the gap is narrowing and AI could become significantly better than the group of all humans at Bridgewater within a few years. Jensen said slowing the AI industry down may prove the best strategy, warning that the longer you wait, the more hopeless it gets, and suggested making developers or corporations responsible for any crimes committed by their AI programs. His warning comes as employees at leading AI firms publicly warn of rising risks from advanced AI, an Anthropic ex-employee said this week that AI poses existential risks to the human race, and investor Paul Tudor Jones compared the rise of AI to waiting for a Category 6 hurricane. OpenAI is reportedly considering slowing the development of cutting-edge AI, with CEO Sam Altman hoping other companies follow suit, and both OpenAI and Anthropic submitted initial public offering filings with the U.S. Securities and Exchange Commission early this summer without providing pricing or a potential timeline.