Elon Musk shared a video clip warning that AI now replaces high-skilled finance jobs. The speaker, Citadel CEO Ken Griffin, stated agentic programs do PhD-level work in hours.
Griffin made the remarks at Stanford College. He stated the AI toolkit has turn out to be profoundly extra highly effective in simply 9 months, prompting concern about its influence on extremely expert professions.
Citadel’s AI Awakening
Griffin, a longtime AI skeptic, admitted the know-how has modified how his hedge fund operates internally. He stated work normally finished by grasp’s and PhD holders over weeks or months now takes hours or days.
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The Citadel chief instructed Stanford college students he went dwelling one Friday “pretty depressed” by the change. He stated witnessing it inside his personal agency marked his first sense of actual AI influence at scale.
“These usually are not mid-tier white-collar jobs. These are terribly high-skilled jobs being automated by agentic AI,” stated Ken Griffin, CEO of Citadel.
Traditionally, Citadel has employed tons of of quantitative researchers from high arithmetic and physics packages. Griffin’s feedback recommend AI is now competing for that elite expertise pool immediately.
The Wider Workforce Story
Citadel’s expertise tracks a broader 2026 development. Tech employers cited AI because the set off behind hundreds of layoffs this yr, with agentic programs accounting for a rising share of cuts.
Musk himself has lengthy argued AI will get rid of most paid work over time. Nonetheless, not each analyst agrees on the timing.
A current a16z evaluation of 4 main research discovered AI isn’t killing jobs at scale but. Displacement stays concentrated in slim duties reasonably than full occupations throughout the broader financial system.
Crypto-native corporations have nonetheless constructed product roadmaps round brokers that commerce and settle immediately. Coinbase, Microsoft, and different giant employers body current cuts as a pivot towards smaller, AI-augmented groups.
Whether or not Griffin’s Friday despair spreads throughout the finance trade will hinge on how sturdy the current productiveness leap proves via year-end. Earnings calls within the coming quarter may reveal which corporations quantify their AI-driven value cuts.
Traders may even be watching whether or not Citadel itself publicly particulars how a lot capability it has freed up by handing PhD-level work to brokers.
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