Precocious 29 year-old concocts horrific future for finance jobs

http://news.efinancialcareers.com/uk-en/268250/trump-to-kill-rules-restricting-pay-for-wall-street-bankers-pe-execs-making-10x-bank-bosses/ Machine learning is the new new thing. Managing directors are quitting Goldman Sachs for the chance of a one year machine learning residency at Google. Hedge funds are congregating at machine learning conferences, looking for recruits. If you don’t know machine learning, you’re up with the zeitgeist. But what if the glorious machine learning future doesn’t involve groups of incredibly intelligent and highly paid quants working in offices dispensing avocados on demand? What if it involves groups of incredibly intelligent and lowly paid quants staring at their screens in their dressing gowns, eating instant noodles? Thanks to Richard Craib, a 29 year-old who runs Numerai, a hedge fund in San Francisco, the latter is now a distinct possibility. Craib, himself a machine learning expert from the near future who…


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