AI Talent War Spreads to Wall Street
Channel: Bloomberg Television
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Read a transcript preview of “AI Talent War Spreads to Wall Street” from Bloomberg Television, uploaded on 2026-11-01.
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Language: English (original, creator captions)
[0:00] With the rise in the use of artificial intelligence, the competition among companies looking for AI
[0:04] talent is heating up, and it's about to get even more fierce.
[0:07] It is Wall Street's quant firms. They are looking to tap into the sector of the
[0:11] world's scientific minds, and they are paying top dollar for it. Joining us now, Justina Lee.
[0:17] She is Bloomberg's senior market supporter. Justina, appreciate your time. Quant firms, they've always been, you
[0:22] know, the... Were the top destination for for mathematicians, for physicians, people like that. First of
[0:27] all, explain what these quant firms are and and also why they're competing with AI labs
[0:32] and such.
[0:34] Right. I mean, quant firms are short for quantitative trading firms. So there are companies that
[0:39] trade financial markets based on algorithms. And so, actually, a lot of them have been saying
[0:45] they are not that different from an AI lab in the sense that they are also
[0:50] trying to predict something. And instead of predicting the next token, these AI... These bond firms
[0:56] are trying to predict where markets go, and they make money by trading based on those
[1:01] signals.
[1:02] Scrolling through Instagram, the algor