Cohen said the AI boom could see ups and downs and the lack of accurate information could exacerbate volatility around AI-related investments.

Billionaire investor Steven Cohen reportedly sees DeepSeek’s AI technology development as beneficial to the industry. Read more here.

Our view is that what happened with DeepSeek is actually bullish because it advances the move to artificial super intelligence, and that’s coming and it’s coming quick,” he said at a hedge fund conference in Miami,

The rout in US stocks to start the week, spurred by questions over artificial-intelligence spending, has done little to shake Steve Cohen’s confidence in the technology’s transformative potential.