Greg Jensen, co–chief investment officer at Bridgewater Associates, thinks the top holders of AI compute warrant extra regulation, similar to what governs the world’s biggest financial institutions.

If a company controls more than, say, 5% of U.S. or global compute, it should be subject to heightened oversight, “like we do with systemically important banks,” Jensen said. In a wide-ranging interview, he also discussed Bridgewater’s growing use of AI in investing and where it still remains cautious, including leaving risk controls and trade execution to what he called “human-driven algorithms.”