"Steve Cohen Foresees $25 Million AI Savings and 4-Day Workweek Implementation"

Billionaire investor Steve Cohen of Point72 Asset Management believes that AI is already making a significant impact on businesses, citing an example where his firm could save $25 million using large language models to improve efficiency. Cohen sees AI as a durable theme for investing and emphasizes the need for all companies to consider its potential to change business operations, warning that those who ignore it may face trouble in the future. The excitement around AI has been a driving force in the market rally, benefiting chipmakers like Nvidia and tech giants such as Microsoft with direct business ties to AI models.