Bridgewater’s Greg Jensen: treat AI labs like systemically important banks if they own >5% of compute

What's the deal? Bridgewater managing CIO Greg Jensen argues that any firm controlling more than ~5% of U.S. or global AI compute should face heightened oversight “like we do with systemically important banks,” and that caps on compute ownership may be needed — in a The Information Q&A with Dakin Campbell.

Caveats: Interview/opinion. The 5% threshold and 35–50% concentration figures are Jensen’s estimates, not regulators’ rules. How a compute “SIFI” test would be measured (training vs inference; owned vs reserved) is unspecified. China-cooperation comments in the piece are speculative.

The signal: A top macro allocator is importing bank-style systemic-risk language into frontier AI — and Bridgewater’s own AIA stack (rent-vs-own, multi-model RL, Thinking Machines) shows how large allocators actually consume frontier compute.

Source: The Information — Bridgewater’s Greg Jensen on regulating AI firms like SIFIs.