Ken Griffin has said his firms are in the process of negotiating an enterprise-wide license to use OpenAI’s ChatGPT tool

3/19/2023

Ken Griffin, billionaire founder of Citadel, said his firms are in the process of negotiating an enterprise-wide license to use OpenAI’s ChatGPT tool.

“This branch of technology has real impact on our business,” he said. “Everything from helping our developers write better code to translating software between languages to analyze various types of information that we analyze in the ordinary course of our business.”

“It is the fastest-growing consumer application in the history of the internet,” he said “I’m really excited to see how this changes the world.”

“It will take an enormous amount of work that’s done today by people, and do it in a distinctly different, highly automated, efficient way,” he said.

Recently, Ken Griffin of Citadel also said because the Federal Reserve intervened in Silicon Valley Bank, "US capitalism is ‘breaking down before our eyes," per the Financial Times.

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” he said in an interview on Monday with the Financial Times.

“The regulator was the definition of being asleep at the wheel,” Griffin said.

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