Umesh Subramanian says he reaches out to top candidates when they're in their decision-making process about joining the firm.Citadel Citadel CTO Umesh Subramanian said he personally calls top candidates, including recent college grads. The calls have won many candidates over, but occasionally show they're not the right fit, he said. While the hedge fund talent war isn't new, AI has made recruiting even more competitive. Hedge funds are locked in a fierce talent war, shelling out pay packages worth ...

Industry Trend - Stock-picking hedge fund Marshall Wace will start charging clients for increased costs related to hiring and retaining technology, trading, and risk personnel [1] - The move is attributed to an intense competition for talent within the industry [1]

Talent Acquisition - Employee perks are helping companies win the talent war [1]

there's a talent war for new talent coming into companies that have what I would call AI native or AI real skills coming in and I actually I know I've seen the data that you know for younger people coming out of college the job market has been very very difficult and I think we're in this little bit of a bridge because the next generation coming in give it a few more years they have grown up with these tools just the way the prior generation my daughters are 23 they grew up in a mobile environment this next ...

After the trade war, China rerouted trade away from America towards other countries. The US actually got down[1] to 15% of Chinese exports, so China wasn’t fully dependent on the US market.Some would argue that’s a win/win — China just exports goods to other countries, and America builds up its homegrown manufacturing.Similarly, after the talent war, India is rerouting talent away from America and towards other countries. The US actually has only ~17% of the Indian diaspora[2], so Indians aren’t fully depen ...

Talent Acquisition - Employee perks are helping companies win the talent war [1]

So, OpenAI just pulled off a quiet power move, poaching the former finance chief of Elon Musk's rival startup XAI. Mike Liberator, who left XAI after just a few months on the job, starts this morning as OpenAI's new business finance officer for AI infrastructure. He'll report to CFO Sarah Frier and oversee the company's massive capex spend, including contracts like that $300 billion deal with Oracle.Now, his exit was one of several high-profile departures that have thinned out Elon Musk's leadership bench. ...

The mechanism actually doesn't even really matter. It's an inside a share sale that sets this valuation of $500 billion. But it feels like just yesterday that we broke the story on the last $300 billion valuation.Tell us about the jump. Tell us about what we're hearing from sources is going on. Yeah.I mean, it's a significant jump in valuation. More than two thirds of the last price tag, you know, the last round that we reported on, it finalized in March led by SoftBank. Since then, we've seen strong, you k ...

Talent Acquisition & Retention - OpenAI's valuation increase to $500 billion aims to reward current and former employees, addressing the talent war in Silicon Valley [1][4] - The strategy is designed to prevent talent poaching by companies like Meta, which are aggressively recruiting researchers [3][4] - Meta is offering substantial compensation packages, including offers up to $1 billion for individual employees, necessitating OpenAI to compete in this area [6] - Companies are offering hundreds of millions of dollars per year to attract top talent, intensifying competition [6] Competitive Landscape - Meta is aggressively pursuing talent, particularly from OpenAI and Google, to build its "superintelligence group" [3][5][6] - Mark Zuckerberg believes Meta is behind OpenAI and is investing heavily in talent acquisition to catch up [5] Valuation & Employee Incentives - OpenAI's move allows employees to sell their stock and cash in, providing financial incentives to stay with the company [3][4] - This approach contrasts with older startup practices that discouraged employees from cashing out their stock [2]

Bankers from Hong Kong to London have been hit by pay cuts and layoffs as the global economy contracts. But in Japan, there's a hiring boom. So, I think several factors are coming together at the same time to create this perfect storm.The Japanese market is interesting again because inflation is back. Money is very easy to borrow. uh there's a weak yen leading now to a surge in trading for Japanese government bonds, Japanese stocks um and also a burst in foreign investment and this is coming after years of ...