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AI ★ FEATURED

Millennium Management is building its own AI lab and that changes the competitive calculus for quant finance

Millennium Management is launching a dedicated AI lab set to go operational within weeks, with a 50-person machine learning team led by an IBM Watson veteran. The $70 billion hedge fund's move signals that institutional quant finance is shifting from buying AI tools to building proprietary AI infrastructure, raising the stakes in talent competition with Big Tech and frontier AI startups.