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Tudor Investment founder: US stocks will hit new lows, warns that AI could lead to 50% human extinction.
According to Deep Tide TechFlow news on May 7, as reported by CNBC, Wall Street's famous Hedging fund manager, Paul Tudor Jones, founder and chief investment officer of Tudor Investment. This pro issued a double warning on CNBC's "Squawk Box" program:
About the market: Even if Trump lowers tariffs to 40%-50%, it will be the largest tax increase since the 1960s, potentially leading to a 2%-3% decline in economic growth. He expects that unless the Federal Reserve takes strong rate cut actions, U.S. stocks will hit new lows.
Regarding technology: After attending an exclusive technology conference, Jones expressed deep concerns about the development of AI. He warned that while AI can play a positive role in health and education, there is a 10% chance it could lead to the death of 50% of humanity within the next 20 years, with major risks stemming from "biohacking" and "weaponization."
He rose to fame for accurately predicting and profiting from the 1987 stock market crash, being regarded as a legend on Wall Street.