$2 billion USD AI fund performing well! Bridgewater CEO: Machine investments are now comparable to those made by humans.

Bridgewater Associates, the world's largest hedge fund, CEO Nir Bar Dea said that the fund launched last year which uses machine learning and artificial intelligence for decision-making has performance "comparable" to human-led investment strategies. On Tuesday, Bar Dea stated at the Bloomberg Investment Conference in New York that Bridgewater established a $2 billion fund last year, and since its inception, the fund has generated "unique alpha returns unrelated to our human operations," although he did not disclose the return rate so far. Bar Dea mentioned that although he believes attempting to predict the impact of artificial intelligence on society is "futile," this technology has enormous potential in the investment field. He encourages anyone interested in this to "get their hands dirty and try it themselves." It is understood that the hedge fund revealed to investors when launching the artificial intelligence fund that it relies on proprietary technology developed over more than a decade. This was part of a broader plan led by co-chief investment officer Greg Jensen, which was expected to eventually incorporate models developed by companies such as OpenAI, Anthropic, and Perplexity. Bar Dea also stated that artificial intelligence will impact recruitment strategies, as companies will increasingly prefer to hire talents who can do tasks that machines cannot handle, rather than focusing on skills that can be standardized. Bar Dea said: "We have been exploring how to replace human work with technology so that humans can focus on tasks that technology cannot accomplish. For 50 years, we have been adjusting the talent acquisition standards of Bridgewater Fund. This means shifting the focus from analytical skills and financial background to looking for talents with conceptual thinking and the ability to pose philosophical questions." Bar Dea was appointed as the sole CEO in 2023 and quickly launched an ambitious strategy aimed at increasing the company's profitability by limiting the size of the flagship fund, increasing investment in artificial intelligence talent and funding, and expanding into Asia and the stock market. Bridgewater Fund was founded by billionaire Ray Dalio, who resigned from his position as one of the company's three co-chief information officers in 2022.