You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world."I'll give you one little anecdote. My CTO comes to me and says I can save the firm $25 million by using these LLMs to improve our efficiency,""Now, we're a nice sized firm. We're not a huge firm. So imagine what big companies can do.
Cohen called AI a"really durable theme" for investing and said that basically every company needs to be thinking about how it can change the business."If you're a company and you're not thinking about this, you're going to wake up one day and go 'we're in trouble,'" Cohen said.
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