Stanley Druckenmiller's AI writing has split Wall Street down the middle
Billionaire investor Stanley Druckenmiller.
Bloomberg/Getty Images Stanley Druckenmiller's use of AI to write a viral op-ed this week has divided the financial world.
The billionaire investor compared tools like ChatGPT to calculators or speechwriters.
Some financial gurus said he should have disclosed his use of AI.
Others said it's the new normal.
When Stanley Druckenmiller speaks, markets listen.
When the legendary trader uses AI to craft his message, investors can't stop talking.
Druckenmiller has said he used AI to help write his viral op-ed in the Wall Street Journal this week.
In the piece, he criticized Scott Bessent, the US Treasury chief and his former protégé, for ramping up bond buybacks in a bid to drive down Treasury yields.
The billionaire investor — who worked with Bessent at George Soros' hedge fund and Fed Chair Kevin Warsh at Duquesne Family Office — told the Journal that he felt "kind of proud" at age 73 to be using AI tools like Claude and ChatGPT, which he compared to using a calculator or a speechwriter.
Druckenmiller said he was much better at economics than writing, and defended the op-ed as representative of his views.
"These are my ideas and I've been speaking about them for over 15 years, as anyone who knows me knows," he said.
Paul Gigot, the Journal's editorial page editor, said in a statement to his own publication that "AI is a fact of modern life" and "nobody can doubt that his op-ed is his genuine opinion." Druckenmiller and The Wall Street Journal didn't immediately respond to requests for comment from Business Insider.
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