‘Human capital’ is the term of the moment as AI takes over the corporate world. Standard Chartered CEO Bill Winters said his bank was getting rid of “low value” human capital with the help of AI while Microsoft CEO Satya Nadella said firms need to balance human and token capital. The term is not new to finance; Goldman Sachs and hedge fund D.E. Shaw have been building out human capital teams for years, but AI is changing things there too.
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D.E. Shaw is currently hiring for an AI specialist to be “an early member of a growing team” that builds that builds tools to help “attract, assess, develop, and retain talent.” The hedge fund is looking for someone young; the job spec asks for someone with a degree and “up to five years of experience.” The specialist must build prototype tools in Python, write user guides on AI technologies and research burgeoning AI models and applications.
D.E. Shaw declined to comment, but this appears to be an opening in the generative AI team led by senior vice president Caitlin Fitzgerald Ketner. She was previously head of talent assessment and performance, but transitioned roles last Feburary to become head of human capital generative AI. Daniel Wal, a former Carnegie Mellon doctoral researcher in behavioural economics, joined the team last July as an AI engineer.
The fund wants experienced AI specialists too. It’s hiring an AI enablement strategist in its learning and development team with at least 15 years of experience. They’ll be focused on using AI to enhance training opportunities for staff, rather than specifically educating on AI itself.
Banks are perhaps the most vocal fans of AI in finance, but the quant trading space may be using it even more per capita. At prop trading firm Hudson River Trading, staff will occasionally enter an “AI delirium” and spend $1k a day on tokens. Quants also tell us that coding makes up the majority of their workload today, oftentimes assisted by AI coding agents.
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