Ken Griffin says generative AI isn't helping hedge funds outperform market: Report

AI in Hedge Funds - Ken Griffin states AI is enhancing worker productivity but currently falls short in uncovering alpha for hedge funds [1][2] - Citadel's in-depth research hasn't been replaced by AI [2] - AI's ability to process vast amounts of data and make unemotional decisions positions it better than the average investor, but not experts [2] Market Dynamics & Competition - In a zero-sum game scenario, if everyone uses AI, outwitting others becomes challenging [3] - The key question is whether one's AI agent can outperform others [3][4]