Hedge Fund and Insider Trading News
Recent declines in AI stocks, such as NVDA, have raised concerns.
Jeff Bezos once stated that one breakthrough technology would shape Amazon's destiny, catching Wall Street's biggest analysts off guard.
Generative AI is a "once-in-a-lifetime" technology that is already being used across Amazon to reinvent customer experiences - Andy Jassy, Amazon's new CEO.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040, there would be at least 10 billion humanoid robots, priced between $20,000 and $25,000.
Musk believes this technology could be worth $250 trillion by 2040, roughly equal to the value of an entire ecosystem of AI innovators set to reshape the global economy.
Notable hedge funds and companies mentioned include Bill Ackman, Ray Dalio, Saba Capital, Coatue Management, Millennium Management, Ananym Capital Management, Celestica Inc (CLS), and Amrize Ltd (AMRZ).
Author's summary: AI technology is predicted to reshape the global economy.