Wall Street and AI Startups Are Fighting Over Entry-Level Quants

The article discusses the intense competition between Wall Street firms and AI startups for entry-level quants, or quantitative researchers. Wall Street firms have traditionally been a hub for quants, but AI startups are now aggressively recruiting these talented individuals. The article highlights a recent event held by Anthropic, an AI startup, where they hosted around 150 quant researchers on a rooftop bar in Manhattan, urging them to consider a career outside of Wall Street. This reflects the growing demand for quants in the AI industry, as these firms seek to harness their skills in data analysis, modeling, and algorithm development. The competition for these highly sought-after candidates has led to bidding wars, with both Wall Street and AI startups offering attractive compensation packages and the promise of innovative work. This tug-of-war highlights the changing landscape of the job market, as the tech industry continues to expand and draw talent away from traditional financial institutions.