Citadel founder Ken Griffin told the Future of Global Markets Conference in New York that companies have been inconsistent at extracting value from AI models despite rising spending. He said investors are 'almost certainly' in an AI bubble, while still expecting AI to create new opportunities and reshape competition. Griffin's comments came as Anthropic prepares to file for a stock market listing and reportedly plans to spend $750 billion on computing power.
techspot.com
· 2026-10-21
A developer built an open-source project called agent-wow to test frontier language models inside World of Warcraft, using reasoning rather than game-specific training. Running Codex with GPT-6 Astra (xhigh), the agent created an orc character and completed all starting-zone quests in 40 minutes with zero deaths and minimal issues.
agent-wow.sh
· 2026-10-02
Carnegie Mellon University announced a $3 billion gift from Citadel founder Ken Griffin, described as the largest individual gift in higher education history. $1 billion will go toward CMU's Pittsburgh campus, while $2 billion will fund a new 35-acre campus, CMU Miami, in the Wynwood neighborhood, which aims to begin enrolling students in 2028.
cmu.edu
· 2026-09-30
Maria Cabral Menezes, a 27-year-old former JPMorgan and Citadel trader, left finance to launch Reset Spray, a $29 product she describes as 'dry shampoo for clothes' that lets people refresh lightly worn garments between washes. The spray, which debuted in early August, generated $10,000 in sales in under a day and a half.
entrepreneur.com
· 2026-09-18
Alec Litowitz joined Citadel in 1994 without a finance background, brought on by Ken Griffin for his way of thinking rather than his resume. He went on to help scale Citadel's equity business from about $100 million to $10 billion in assets before spending 18 years leading Magnetar Capital, which grew to roughly $20 billion by 2022.
entrepreneur.com
· 2026-09-17
The SEC has sent subpoenas to major Wall Street banks seeking details on trades, borrowing, and lender communications tied to Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner. The fund managed over $30 billion and used heavy leverage to chase AI-driven gains, but a reversal in AI and tech stock prices last month forced it into a fire sale, dumping most of its holdings to rival Citadel at a discount.
yro.slashdot.org
· 2026-08-24
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