Poaching quants for Silicon Valley isn't new. But AI startups awash in cash can not only match but outbid Wall Street pay. Junior and midlevel traders at top high-speed trading firms are now fielding multimillion-dollar packages — up sharply from a year ago. Additionally, as some AI valuations soar into the billions, the risk calculus is shifting for some quants.
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OpenAI and other AI players are targeting Wall Street's quant stars with multimillion-dollar paydays
"Optimizing ads at Google gets boring," said Paul Carr, who recruited quants for years as a business development head at prop trading firm Tower Research. "This is different."
