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Quant hedge funds expand AI research investment amid intensifying talent war
Quantitative hedge funds and trading firms are expanding their investment in academic research and dedicated AI laboratories as competition with technology companies for machine-learning specialists intensifies, according to a report by Bloomberg. Firms including G-Research, Qube Research & Technologies, Capital Fund Management (CFM) and Jump Trading are funding PhD programmes, sponsoring university researchers and establishing specialist laboratories to attract scientists capable of developing increasingly sophisticated trading models. Competition for talent has driven first-year compensation