Castle Investment founder Griffin: Generative AI cannot help hedge funds achieve excess returns.

Jin10 data reported on October 16 that Griffin, the founder of Castle Investment, stated that generative artificial intelligence cannot help hedge funds achieve market-beating returns, nor has it had a substantial impact on the industry. Griffin said: “Generative AI does have some role in enhancing productivity, but it is still far from discovering excess returns.” Griffin emphasized that this technology will not replace the meaningful research conducted by Castle Investment. Griffin has previously expressed skepticism about artificial intelligence, describing it as a limited tool in investment analysis and downplaying claims that this technology will replace human jobs in the short term. Griffin added that AI is driving American companies to increase investment in technology and elevate the status of chief technology officers, resulting in some business advancements that should have been realized over the past 25 years.