Bridgewater’s Greg Jensen wants AI compute giants treated like too-big-to-fail banks

Greg Jensen has a simple thesis: when a handful of companies control enough of any critical infrastructure to destabilize society, regulators step in. He thinks AI compute is next. The co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, is calling for oversight mechanisms modeled on those applied to systemically important financial institutions, better known as SIFIs, for any company that controls more than 5% of global or US AI compute resources. Why the 5% threshold matters The SIFI framework was born from the 2008 financial crisis, when regulators realized that certain institutions had grown so large and so interconnected that their failure would threaten the entire system. The designation triggers heightened capital requirements, stress testing, and regulatory scrutiny that ordinary firms never face. The timing of Jensen’s remarks, reported around September 17-18, 2026 following an interview with The Information, is not accidental. Jensen pointed to projections that OpenAI and Anthropic together could command somewhere between 35% and 50% of the world’s AI compute capacity within roughly two years. That kind of concentration, in his view, crea...