IDK about quantitative trading, but managing real sector companies like pharmaceutical labs requires plenty of skills CEOs and boards of AI labs (and of software companies in general) just don’t have.
However, in February Anthropic hinted they are interested in transpiling legacy COBOL code, causing IBM shares to plunge. There surely is quite a lot of specialized competence and experience needed to disrupt the software sector, but plenty of people with both will be happy to work for OpenAI or Anthropic, and they speak the same IT jargon lab executives know well (as opposed to needing to explain the differences between Stage 1 and 2 clinical trials, for example), hence internal software companies seems more likely than anything related to non-IT
Quant trading is the one I know the best because I’ve been a quant trader. There are real skills that are required, other than just having great trading strategies or w/e but they can all be hired for. It’s also hard to overstate how many traders work at these labs. I think OAI and Anthropic probably have more former quants than any trading firm currently has. They can hire a lot of other necessary skills. They already have SWEs. I think the labs could spin up internal trading firms that are profitable, using their frontier AI, in under a year and be making $1B or more, profitably (after all expenses, including compute, salaries, etc.)
IDK about quantitative trading, but managing real sector companies like pharmaceutical labs requires plenty of skills CEOs and boards of AI labs (and of software companies in general) just don’t have.
However, in February Anthropic hinted they are interested in transpiling legacy COBOL code, causing IBM shares to plunge. There surely is quite a lot of specialized competence and experience needed to disrupt the software sector, but plenty of people with both will be happy to work for OpenAI or Anthropic, and they speak the same IT jargon lab executives know well (as opposed to needing to explain the differences between Stage 1 and 2 clinical trials, for example), hence internal software companies seems more likely than anything related to non-IT
Quant trading is the one I know the best because I’ve been a quant trader. There are real skills that are required, other than just having great trading strategies or w/e but they can all be hired for. It’s also hard to overstate how many traders work at these labs. I think OAI and Anthropic probably have more former quants than any trading firm currently has. They can hire a lot of other necessary skills. They already have SWEs. I think the labs could spin up internal trading firms that are profitable, using their frontier AI, in under a year and be making $1B or more, profitably (after all expenses, including compute, salaries, etc.)