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Billionaire investor Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom
The firm is aiming to raise $1 billion, with Cohen himself and Point72 employees expected to contribute.
Cohen recently came out as a long-term AI bull. He has called AI a really durable them for investing, comparing the rise to the technological developments in the 1990s.
The massive rally in AI-related stocks such as N...

Amidst the non-farm payroll data significantly surpassing expectations, the May CPI figures were released, showing an unadjusted year-over-year increase of 3.3%, with a forecast of 3.4%. Following the announcement, major stock indices began to surge, heralding the commencement of another episode in the interest rate cut saga. My speculation is that the influx of illegal immigrants in the United States may have contributed to the prosperity of the...