Ken Griffin, founder and CEO of Citadel, said artificial intelligence is rapidly transforming high-level financial research, warning that tasks once requiring teams of PhD-level professionals are now being completed by AI in a matter of days rather than months.
AI Reshaping Elite Finance Work Speaking at the Stanford Leadership Forum earlier this month, Griffin described what he called a "step change function" in AI capabilities inside Citadel's operations.
He said the firm is already using AI agents to perform complex analytical work that previously took weeks or even months for highly trained researchers.
"To be blunt, work that we would usually do with people with master's and PhDs in finance over the course of weeks or months [is now] being done by AI agents over the course of hours or days," Griffin said.
Read Also: Kevin O'Leary Says 'I Know' AI Is Killing Jobs, But His Companies Are 'Saving A Ton of Dough' And Boosting Profits Thanks To AI ‘Extraordinarily High-Skilled Jobs' Under Pressure Griffin stressed that the shift is not limited to routine automation but is affecting top-tier white-collar roles.
