Paul Tudor Jones Calls for Immediate U.S. AI Regulation

Billionaire hedge fund manager Paul Tudor Jones said the U.S. is late to regulating artificial intelligence and needs to act immediately. "Clearly we need to regulate AI. We need to do it tomorrow. We're late already, we should have already done it," Jones told CNBC's "Squawk Box" on Thursday.

He advocated for governments to watermark AI-generated content to help distinguish real material from deepfakes. Jones said 80 percent of participants at a recent conference of AI experts and model makers supported regulation. That figure is up from about 20 percent a year earlier.

The leader of one company at the event expressed surprise that the industry was not yet regulated, according to Jones. Professionals are growing more concerned about the dangers of AI as the technology advances. Lawmakers and experts have advocated for rules to address safety, privacy and security issues.

The European Union passed the AI Act in 2024, while multiple U.S. states have passed or introduced legislation, many focused on child safety.

and International Rivalry In

March the White House released a nationwide AI policy framework. The U.S. remains locked in rivalry with China to develop the best AI models. The Wall Street Journal reported this week that both countries are considering official discussions about AI at an upcoming meeting between President Donald Trump and China's Xi Jinping.

"Everyone wants what's best for their people," Jones said. He added that he does not believe China wants to "wipe out" the U.S. Jones called for dialogue between the two nations on AI safety even as competition continues. Jones disclosed that he recently bought more AI stocks.

The executive pointed to a proposed 1 million barrel-per-day line from Alberta to British Columbia’s northwest coast. Current systems remain constrained even after the Trans Mountain expansion and incremental additions to Enbridge’s Mainline. The company averaged 1.64 million barrels of oil equivalent per day in the first quarter.

That was up from 1.58 million a year earlier. Output at one of its thermal projects reached a record 134,396 barrels per day in the quarter, while total oil sands production across its assets hit about 630,000 barrels per day in April. Pipeline limits have repeatedly forced producers to accept lower prices or curtail growth plans.

A separate proposal would move roughly 550,000 barrels per day to the United States by reviving segments of the Keystone XL route. One 150,000 barrel-per-day expansion project remains on hold pending greater confidence in future takeaway capacity. Federal and provincial governments continue to negotiate carbon pricing rules.

Support for a new West Coast pipeline has been linked to large-scale carbon capture projects.

“We need that pipeline to be able to grow oil sands in a significant way.”