Billionaire Steve Cohen says he sees four-day work week coming due to AI

Billionaire financier and Mets owner Steve Cohen expressed his belief that a four-day work week could become the norm, a concept that influenced his 2023 investment in the golf startup league TGL.

"I think I would have done the golf investment anyway, because I think there’s a longer-term thought, but my belief is a four-day work week is coming," Cohen told CNBC’s “Squawk Box” on Wednesday.

Cohen noted that the increasing presence of artificial intelligence is likely to contribute to a shorter work week, along with the observation that productivity levels are generally lower on Fridays.

Cohen Private Ventures, his family office, acquired the rights to the New York Team in the new primetime, high-tech golf league. Reports indicate that Cohen is also considering an investment in the PGA Tour.

While he isn’t certain of the exact timing, Cohen believes that the four-day work week is on the horizon.

"I just think it’s an eventuality. … That’s just going into a theme of more leisure for people, which means golf rounds that go up, interest will go up, [and] I guess courses will be crowded," Cohen explained.

However, Cohen noted that if the markets remain open on Fridays, he doesn’t foresee allowing his traders to take the day off.

"Forgetting us, I think the vast majority of people will get an opportunity, I think at some point, to have a three-game weekend."