Paul Tudor Jones speaks on stage during the 2024 Robin Hood Benefit at the Jacob Javits Center on May 13, 2024 in New York City.
Kevin Kane | getty images
Billionaire hedge fund manager Paul Tudor Jones sent a warning signal on Thursday, arguing that the US is late on artificial intelligence regulation.
“We need to do it tomorrow,” he told CNBC’s “Squawk Box” on Thursday. “We’re already late. We should have done this sooner.”
According to Jones, governments need to watermark AI to distinguish between genuine content and deepfakes. As he raised these concerns, Jones also told CNBC that he has recently bought more AI stocks.
As technology becomes more sophisticated, professionals are becoming concerned about the dangers of AI.
At a recent conference with AI experts and model makers, Jones said 80% of participants supported AI regulation, up from about 20% last year. The leader of one of those companies said he was surprised the industry hasn’t been regulated yet, Jones said.
Lawmakers and experts have long advocated for regulations to mitigate security, privacy, and security concerns associated with the nascent technology.
EU passes AI Act in 2024. Some US states have also passed or introduced their own laws, many of which target child protection. In March, the White House issued a nationwide AI policy framework.
Also, the US is engaged in a bitter rivalry with China to design the best AI models and strategies. wall street journal informed The two countries are considering official discussions about AI at an upcoming meeting between President Donald Trump and China’s Xi Jinping this week.
“Everyone wants what’s best for their people,” Jones said, adding that he does not think China wants to “annihilate” the United States. “We must have a conversation with them about AI safety.”
