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Billionaire David Shaw’s Firm Bets Big on AI Stocks Amid Wall Street Frenzy
Billionaire David Shaw’s Firm Bets Big on AI Stocks Amid Wall Street Frenzy
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BTCCSquare news:
Wall Street's obsession with artificial intelligence shows no signs of abating as quantitative hedge fund D.E. Shaw & Co. makes significant moves in AI-related equities. The $65 billion firm, founded by computer scientist David E. Shaw, has been actively rebalancing its portfolio of tech luminaries despite Shaw's reduced operational involvement.
The AI investment thesis continues gaining momentum across institutional investors, mirroring the transformative impact once predicted for internet technologies. From pharmaceutical research to customer service automation, AI applications promise sweeping efficiency gains across industries—a potential that hasn't escaped sophisticated Quant funds.
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