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Top related persons:
Tim Mace - 3 Mace - 2 Ken Griffin's Citadel - 1 Li Deng - 1 Deng - 1 Ken - 1 Ken Griffin - 1 Michael Stover - 1
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Man - 2 Microsoft - 1 Business - 1 Citadel - 1 Milken Institute - 1 Millennium Management - 1 Bloomberg - 1 Balyasny Asset Management - 1

Search resuls for: "Tim Mace"


3 mentions found


☆ Inside the rocky marriage of hedge funds and top AI talent
  + stars: | 2024-02-27 | by ( Bianca Chan | ) www.businessinsider.com   time to read: +11 min
AI researchers have struggled with hedge funds' culture around proprietary secrets, which goes against the open-source philosophy foundational to AI and academia. Some recruiters, including Michael Stover, are seeing double- and triple-digit growth in AI hiring among hedge funds and prop-trading firms. For heads of AI, he said, hedge funds are dishing out a minimum of $1.5 million in total comp. But perhaps the top reason hedge funds are interested in the technology is that AI capabilities are bait in the war for investing talent. It's one of the few large US hedge funds without an executive or centralized team dedicated to AI or machine learning.
Persons: Ken Griffin's Citadel, Li Deng, Deng, Ken, Ken Griffin, Michael Stover, Stover, ExodusPoint, Balyasny, Agni Ghosh, Stott, isn't, Sumeet Chabria, Conor Twomey, Tim Mace, Mace, May's Ghosh, it's, They're, Peter Finter, Finter, That's, Ghosh, you've Organizations: Microsoft, Business, Citadel, Milken Institute, Reuters, Millennium Management, Bloomberg, Balyasny Asset Management, Man, Bank of America, Wall, Wall Street, Tech, Google Locations: Chicago, Seattle, Beverly Hills , California, London, San Francisco, Silicon Valley, Wall
☆ From Goldman to Bridgewater, here's everything we know about how Wall Street is embracing AI
  + stars: | 2024-01-29 | by ( Bianca Chan | Michelle Abrego | ) www.businessinsider.com   time to read: +5 min
Once ChatGPT hit the scene at the end of 2022, Wall Street ramped up its efforts in AI. Here is what we know about how Wall Street is embracing AI:AdvertisementBanks accelerated their AI research and use cases due to the rise of ChatGPTWe identified 17 of the top AI executives and technologists to know at the country's biggest banks. Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. As financial firms' AI strategies come into focus, they're hiring more technologists with specialized skills. For those who want to land an AI job on Wall Street, here's everything you need to know about how tech skills and roles are changing.
Persons: ChatGPT, —, Banks, Jamie Dimon, Dimon, Goldman Sachs, Marco Argenti, Dimitris Tsementzis, aren't, Bridgewater, Charlie Flanagan, Tim Mace, AllianceBernstein, Andrew Chin Organizations: JPMorgan, Man, Service, fintech, Deutsche Bank, fund's AIA, Management Locations: dealmaking, Swedish
☆ Man Group's new AI lead breaks down plans to change how investors work at the largest publicly listed hedge fund
  + stars: | 2023-11-13 | by ( Bianca Chan | ) www.businessinsider.com   time to read: +4 min
The goal is to concentrate Man's AI and machine learning firepower to reduce duplicative efforts across disparate trading desks and teams. The company's software engineers are using generative AI to generate code, which could help Man's some-500 technologists be more efficient. In that way, uniting Man's data and machine learning efforts to explore generative AI use cases was a natural step, Mace said. Generative AI creates new human-like content like images, text, or even snippets of code based on prompts. Generative AI is "very different to how we use the other AI techniques, which is really exciting.
Persons: Tim Mace, I've, Mace
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