ken griffin

Billionaire Ken Griffin comments on how becoming a programmer has become harder because of generative AI

Unusual Whales

Jun 9, 2023 • 1 min read

Per Business Insider

Citadel founder Ken Griffin has given his two cents on how he thinks that becoming a software programmer could be harder due to the rise of generative AI. This comes as new technologies like OpenAI's ChatGPT make it easy for anyone to produce code with the right commands.

The billionaire gave the statement to the newest class of Citadel inters at the Four Seasons, and in his speech, the hedge fund CEO commented on how the main important thing that software programmers need to do is to solve problems, per CNBC.

Griffin: "You want to make sure that if you are a software engineer, you are putting yourself really close to the domain problems that need to be solved. Your career path will be defined by your ability to solve problems. The days of 'I'm a good programmer' are becoming numbered."

The CEO talked about the power of machine learning when it came to mathematics and how the technology has started to gain more eyes, especially since it adopted text form.

Griffin: "Suddenly, the power of machine learning, which those of us in this room would appreciate from the mathematical perspective, has been made visible to more people because it now produces text,"

In March, the CEO noted that his firms are in the process of negotiating an enterprise-wide license to use OpenAI's ChatGPT tool. This would allow their developers to write better code, among other benefits.

During that time, he noted that ChatGPT was the "fastest-growing consumer application in the history of the internet."

While many other hedge funds were struggling, Citadel made $16 billion in 2022, with Ken Griffin taking home $4.1 billion that year. This came as the S&P 500 reportedly dropped by almost 20% in 2022 while Citadel grew by 38.1%.

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