AI Firms Are Hunting for Quants in Wall Street's Backyard — and Dangling Monster Paydays

The AI labs are coming for Wall Street’s quants

Getty Images; Alyssa Powell/BI In May, a group of more than 20 finance whizzes from across the country descended on OpenAI’s San Francisco HQ for what CEO Sam Altman cheekily called a “party.” They sat through a presentation, mingled with researchers, and some received formal interview invites. A month later in New York City, Altman’s team held another recruiting overture for quant trading professionals — the highly coveted mathematicians, physi…

AI firms are hunting for quants in Wall Street's backyard — and dangling monster paydays

Getty Images; Alyssa Powell/BIOpenAI and other firms are recruiting Wall Street quants to build artificial general intelligence.AI labs are offering multimillion-dollar packages, outbidding traditional Wall Street firms.The shift in AI valuations is changing the calculus for quants considering a move.In May, a group of more than 20 finance whizzes from across the country descended on OpenAI's San Francisco HQ for what CEO Sam Altman cheekily cal…