tech
Wall Street is paying $25,000 a day for AI trainers who used to work there
Felipe Sinisterra and Dave Wang, two ex-bankers, are booked out for the next two months teaching financial institutions to actually use the AI tools they have already bought.
TL;DR
- Two former investment bankers, Felipe Sinisterra and Dave Wang, are charging up to $25,000 per day for AI training services.
- Their clients, including T. Rowe Price, Citigroup, and Bank of America, are paying for instruction on how to use AI tools they have already purchased.
- The training focuses on practical application of commercial AI models like ChatGPT and Gemini for tasks such as earnings interpretation and market analysis.
- The high daily rate signals the cost's insignificance relative to the potential gains and outpaces traditional consulting firm fees.
- The demand reflects a struggle in fitting probabilistic AI tools into a profession reliant on deterministic outputs, a detail often omitted in AI strategy planning.
- The long-term viability of such specialized training may be challenged as AI vendors increasingly offer integrated financial workflows.