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Wall Street and AI startups are fighting over entry-level quants
Business Standard
|August 09, 2025
At a rooftop bar on Manhattan's Lower East Side, roughly 150 quant researchers met with employees at the artificial-intelligence startup Anthropic who implored them to consider a life away from Wall Street.
Over plates of potstickers and popcorn chicken, they rubbed shoulders at the June mixer with former hedge fund quants-turned-Silicon Valley evangelists who encouraged them to apply for jobs at Anthropic, according to the company. This month, the San Francisco-based firm is going global with another quant "social hour" in London.
The recruiting campaign mirrors similar efforts by rivals OpenAI and Perplexity AI. And a number of leading figures in the AI industry already come with quant backgrounds, including OpenAI Chief Research Officer Mark Chen and Perplexity co-founder Johnny Ho. But quants lured by dreams of building AI models and tools instead of profit-seeking algorithms for traders—often for lofty pay and benefits comparable to the world of finance—also face the risk of disappointment.
This story is from the August 09, 2025 edition of Business Standard.
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