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The Wall Street Journal defended publishing an AI generated op-ed<\/a> written by hedge fund billionaire Stanley Druckenmiller criticizing Treasury Secretary Scott Bessent’s bond buyback expansion, hours after Druckenmiller admitted his letter was written with artificial intelligence.<\/p>\n Stanley Druckenmiller, chairman and chief executive officer of Duquesne Family Office, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023.<\/p>\n Jeenah Moon\/BloombergKey Facts<\/p>\n Druckenmiller, who once worked with Bessent under George Soros, said Bessent\u2019s policy<\/a> to double the maximum size of government bond repurchases to $4 billion per operation was “price management \u2014 and a mistake.\u201d<\/p>\n The billionaire\u2019s op-ed sparked criticism from social media users who accused it of being AI-generated, citing an AI-detection tool called Pangram that called the letter 100% artificial intelligence.<\/p>\n Druckenmiller told NOTUS<\/a> \u201cof course I used AI,\u201d adding, \u201cI’m not embarrassed by it \u2026 I write everything using AI now for the same reason I use a calculator when I do math problems.\u201d<\/p>\n Paul Gigot, an opinion editor with the Journal, said in a statement emailed to Forbes that the Journal considers whether \u201cwhat we publish from contributors reflects an author\u2019s original argument, and if the author has the standing and credibility to make it,\u201d calling AI \u201ca fact of modern life.\u201d<\/p>\n Gigot noted the Journal\u2019s long-time relationship with Druckenmiller, who has written multiple op-eds for the news outlet, adding, \u201cnobody can doubt that his op-ed is his genuine opinion.\u201d<\/p>\n The Wall Street Journal\u2019s AI Policy<\/p>\n It is unclear whether the Wall Street Journal has official policies on AI-assisted submissions from outside contributors, though Druckenmiller\u2019s op-ed suggests the news outlet accepts AI generated content as long as it comes from a credible source whose submitted content aligns with their original argument. The Journal says it uses AI<\/a> for \u201ccomplex data-driven investigations, to summarize articles, to translate some content into local languages and to power website features,\u201d noting, \u201cWork that includes AI inputs is reviewed by a journalist before publishing.\u201d <\/p>\n WHAT DID DRUCKENMILLER\u2019S OP-ED SAY?<\/p>\n Druckenmiller compared the buyback expansion to a “credible fiscal package,” writing, “Governments defending prices against fundamentals always lose.” Bessent\u2019s expansion was announced on Aug. 19 and triggered a slump in yields on long-dated bonds, which returned to their original levels the following afternoon\u2014movement Druckenmiller cited as the market\u2019s swift rejection of the policy.<\/p>\n Forbes Valuation<\/p>\n We estimate Druckenmiller\u2019s net worth at $7.8 billion as of Tuesday, a fortune that has grown 66% since 2020.<\/p>\n Key Background<\/p>\n