[perkolator]

There is nothing really surprising about this.

Jim Simmons that recently passed away did exactly this in finance decades ago. He didn't build a team of the brightest minds in finance.

He hired brilliant people that specifically did not work in finance. I think he even mentioned that astronomy was one of his favorite areas to hire from for finance.

I am sure we highly underestimate the indoctrination against new ideas that anyone at the top of a field has been subject to.

Humans love to turn everything into a high school prom king/queen popularity election though even when it is obvious the best people for the job didn't even go to the prom.

[rchaud]

Structured finance is a math gig where the only constraint is legality. And as history shows, math nerds have no clue how to constrain the runaway damage their structured instruments can cause.

I suppose I shouldn't be surprised that AI development appears to be heading the same way.