Is there any incremental evidence that AI is *actually* taking jobs? I haven't heard of any team being laid off due to AI/automation. On the other hand I have read plenty of stories of lots of humans being hired to review content because algos alone can't do the job.
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AI has impacted traders bigly, both buy/sell side. Some big execution teams are now just two folks monitoring the execution algo, for example. But it's possible that the net job impact is still not that big as the early adopters are hiring quite many computer engineers.
Is it possible to distinguish this from what Renaissance has been doing over the past 30 years?
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Unsure as Renaissance is such a misterious black box. But I would assume that they have enough tech that, if leaked, would make a many analyst, PM, execution jobs obsolete overnight. Either that or they are ponzi..
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