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The firm's quantitative investing division is diversifying its technical toolkit by hiring specialists to automate the generation of trading ideas. Citadel plans to grow its total headcount at a "healthy" double-digit rate over the next year, focusing on recruiting researchers from elite organizations such as Google DeepMind to deploy new AI tools.
This hiring push reflects intensified competition between Wall Street hedge funds and Silicon Valley for high-end research talent. The shift toward AI labs indicates a broader strategy to integrate advanced machine learning into algorithmic investment processes to maintain a competitive edge.
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- SOURCEmarketbrief.now