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Billionaire investor and proprietor of nan New York Mets Steve Cohen said that artificial intelligence (AI) could pave nan measurement for a four-day activity week for astir workers.
Cohen said successful a Wednesday quality connected CNBC's "Squawk Box" that he believes that nan mostly of workers will yet person a four-day activity week and three-day weekend, which will grow opportunities for individuals to prosecute successful leisurely pursuits.
He explained that his thesis astir a shorter activity week successful nan early helped pass his finance successful a startup play league called nan Tomorrow Golf League (TGL).
"My belief is that a four-day activity week is coming," Cohen told CNBC. "Between nan advent of AI, mostly we perceive from group that group are not arsenic productive connected Fridays. So I conscionable deliberation it's an eventuality. When it happens, it's difficult to know."
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Billionaire investor and New York Mets proprietor Steve Cohen says he believes AI makes a four-day activity week an eventuality. (Photo by Jim McIsaac/Getty Images / Getty Images)
"But that should fresh into a taxable of much leisure for people, which intends play rounds would spell up, and liking will spell up – I conjecture courses will beryllium much crowded," Cohen explained.
He added that different finance themes that could use from a four-day activity week could see leisure and travel, arsenic good arsenic different experiences.
Cohen noted that portfolio managers and traders astatine his finance patient would still beryllium expected to activity connected Fridays if nan markets are open.
"If they're taking disconnected Friday, and they person a portfolio, that's a problem if nan markets are open," he said. "Forgetting us, nan immense mostly of group will get an opportunity, I deliberation astatine immoderate point, to person a three-day weekend."
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Mike McCarley, CEO of TMRW Sports, left, and Rory McIlroy of Northern Ireland grin arsenic they speak astir nan TGL play convention concept. (Photo by Keyur Khamar/PGA TOUR via Getty Images / Getty Images)
Cohen Family Ventures, his family office, acquired nan authorities to nan New York Golf Club squad successful nan TGL, which will characteristic Xander Shauffele, Rickie Fowler, Matthew Fitzpatrick and Cameron Young.
The TGL features six teams, including Cohen's, and will characteristic a unsocial format successful which teams will play 15 holes successful a match, alternatively than nan modular 18. The first 9 holes are played by teams of triples, pinch players alternating shots, while those groups will break into singles matchups for holes 10 done 15.
TGL will clasp its first play starting successful January 2025 and was founded by sports executive Mike McCarley and legendary master golfers Tiger Woods and Rory McIlroy successful a business pinch nan PGA Tour.
Tiger Woods co-founded nan TGL pinch Rory McIlroy and Mike McCarley, CEO of TMRW Sports. (Tracy Wilcox/PGA TOUR via Getty Images / Getty Images)
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Matches will beryllium played astatine nan SoFi Center successful Palm Beach Gardens, Florida, connected nan field of Palm Beach State College. They will beryllium played connected weeknights to not interfere pinch nan PGA Tour's tourney schedule.
Other TGL teams speech from Cohen's New York Golf Club see nan Atlanta Drive Golf Club, Boston Common Golf, Jupiter Links Golf Club, Los Angeles Golf Club and TGL San Francisco.
