Ken Griffin, founder and CEO of Citadel, said Tuesday that the hype around artificial intelligence could be overblown at this stage.
"Here's the problem with large language models: they are built on the past, everything we do is about the future," Griffin said. "We are at the start of the journey of large language models. It will be really interesting to see where this journey takes us. It will have a real impact across the economy."issued an eye-popping warning recently, saying AI could be putting pressure on the existence of humanity.
"Programing is going be a big target for generative AI," Griffin said, asked by an intern about AI's impact on his business. "You want to make sure that if you are a software engineer, you are putting yourself really close to the domain problems that need to be solved. Your career path will be defined by your ability to solve problems. The days of 'I'm a good programmer' are becoming numbered.
Many of Citadel's interns have a computer science background. The firm's internship program has become extremely competitive. A total of 69,000 students applied for about 300 positions this year. The acceptance rate of less than 1% is even lower than that of Harvard and MIT. Griffin, who also learned programming in school, stressed that software engineering will continue to be part of the toolkit that helps run his business as the skill is crucial in identifying and solving commercial problems.
The interns are kicking off the 11-week program in Fort Lauderdale for Citadel and in Palm Beach for Citadel Securities this week.
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