Steve Cohen says a 4-day work week is coming in part because of AI

Billionaire financier and Mets owner Steve Cohen said he believes a four-day work week could soon become the norm — an idea that also influenced his 2023 investment in startup golf league TGL .

“I think I would have invested in golf anyway, because I think there’s longer-term thinking, but I think a four-day work week is coming,” Cohen told CNBC’s “Squawk Box” on Wednesday.

The growing presence of artificial intelligence will also likely contribute to a shorter work week, as well as the fact that productivity levels are typically lower on Friday, Cohen said.

Cohen’s family office, Cohen Private Ventures, has purchased the rights to the New York team in the new high-tech prime-time golf league. Cohen is reportedly in talks to invest in the PGA Tour as well.

He added that while he doesn’t know exactly when the change will happen, he believes the four-day work week is imminent.

“I just think it’s a possibility. … It just goes to the theme of more recreation for people, which means rounds of golf will increase, interest will increase (and) I guess the courses will be crowded,” Cohen said.

Certainly, he noted that if the markets remain open on Friday, he does not intend to let his traders take a day off.

“Forgetting us, I think the vast majority of people will have the opportunity, I think, at some point to have a three-game weekend.”


Back to top button