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AI Talent War Spreads to Wall Street

Bloomberg Senior Markets Reporter Justina Lee tells Bloomberg This Weekend that quantitative trading firms are competing with AI labs for top scientists and researchers, with first-year compensation for some PhDs reaching as much as $800,000. Speaking with hosts David Gura and Lisa Mateo, Lee explains how firms are using fellowships, university sponsorships and recruiting events to compete with AI companies offering lucrative pay, equity and the chance to work on cutting-edge technology. (Source: Bloomberg)

Bloomberg · 3h ago
The Tech Tumult Rocks Wall Street

Investors are growing nervous about the huge spending bills that tech giants are amassing to pay for their bets on artificial intelligence.

The New York Times · Oct 30
Tech Stocks Plummet; Hackers Steal Over $6B in Cryptocurrency

Wall Street will be looking to bounce back after a very tough day for tech companies on Thursday that saw shares of Amazon, Intel and Google’s parent company Alphabet plummet. It comes as the crypto industry suffered the biggest heist in history with hackers making off with nearly $6 billion in cryptocurrency. NBC’s Brian Cheung reports for TODAY.

NBC News · Oct 30
AI Policy Risks Loom Over Stock, Bond Traders Ahead of Midterms

Wall Street expects Democrats to win at least one of the houses of Congress in the US midterm elections on Tuesday, setting the stage for a potentially volatile ride in the stock and bond markets with artificial intelligence oversight, defense spending and crypto legislation on the table.

Bloomberg · Oct 30