Hedge fund manager Brian Kelly estimates his AI-staffed firm, Bracket22, costs $30,000–$40,000 a year, compared with about $5 million to run his former crypto fund. Agents handle research and analysis, but Kelly makes every trade decision.
Among them, Houston coordinates research, Steffi reads charts and price patterns, Desmond handles quantitative work and Doocy challenges Kelly’s trading thesis. Kelly told CNBC he estimates the system has made him “at least 10 times more productive.”
JPMorgan CEO Jamie Dimon said in February that the bank had plans to redeploy staff displaced by AI. Its headcount stood at 318,512, while operations roles fell 4% and client-facing roles grew 4% over the year. Goldman partner Chris Churchman warned that relying on models for analysis could weaken bankers’ ability to work through problems from scratch.
