Billionaires Ray Dalio and Philippe Laffont are two of the brightest minds in investing, and both have strong views on AI. Laffont runs Coatue Management and has built his hedge fund around the technology. Dalio founded Bridgewater Associates in 1975 and warns that AI has become a crowded trade. Let's start with Laffont. Laffont: AI Is a Supercycle, and the Next $10 Trillion Company Could Come From It Laffont sees a supercycle in AI, and Coatue's four biggest US long positions as of March 31 were all AI-related, Bloomberg reported. Coatue's flagship hedge fund lost 8.3% in July, its worst month in more than a year, but was still up 14.
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