Ken Griffin Says AI Hype Buys $500 Billion Data Centers, Not Job Replacement
KEY POINTS
- •Ken Griffin, Citadel CEO and $48.3 billion billionaire, said AI hype drives massive spending over real productivity.
- •He highlighted US data center investments soaring past $500 billion this year from tech giants like Microsoft and Meta.
- •Griffin criticized generative AI’s superficial reports and disagreed with forecasts of massive job losses within five years.
At the 2026 World Economic Forum in Davos, Citadel CEO Ken Griffin—measuring his influence in a casual $48.3 billion net worth—served a brutal reality check: the AI boom is mostly a $500 billion-per-year extravaganza fueled by hype and CEO PowerPoints, not deep productivity. Despite Dario Amodei warning half of all entry-level white-collar jobs could vanish by 2031, Griffin believes AI's generative reports look insightful until you scroll down and hit garbage mode. He sees AI as a shiny new tech toy empowering CTOs nationwide but warns the world isn’t getting ready for an AI Harbinger or Terminator sequel just yet.
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Congrats to AI for raising $500 billion to mostly produce impressive-looking garbage reports. Hype’s the new productivity, apparently.
When your AI report looks smarter than you until page two, you know the robots still need a caffeine boost.
Ken Griffin: ‘AI is great—if you’re funding data centers, less so if you’re expecting job slashing magic.’
Source: Businessinsider | Published: 1/22/2026 | Author: Thibault Spirlet
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