A large number of talents are leaving Wall Street in droves and heading towards AI startups.

date
09/08/2025
Approximately 150 quantitative researchers gathered with employees from the artificial intelligence startup Anthropic at a rooftop bar in the Lower East Side of Manhattan, New York. Anthropic employees earnestly urged these quantitative researchers to consider leaving Wall Street. According to Anthropic, at this networking event in June, attendees enjoyed potstickers and salt and pepper chicken while mingling with "Silicon Valley evangelists" who had worked as quantitative researchers at hedge funds. The latter encouraged everyone to apply for positions at Anthropic. This month, the San Francisco-based company will hold another social event for quantitative workers in London. However, despite being enticed by the dream of creating AI models and tools, and often receiving generous salaries and benefits comparable to those in the finance industry, quantitative analysts may also face the risk of disappointment. "They say 'come and build the god of machines'," said Agustin Lebron, a former Jane Street trader now working at a systematic trading startup, "but I doubt that for many people, it would ultimately turn into 'come and figure out how to get people to see ads and buy things'."