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Elon Musk Is Poaching Wall Street Talent for Grok — Paying $100 an Hour. Here’s Why.

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Why This Matters

Elon Musk's xAI startup is actively recruiting finance professionals to enhance its Grok chatbot with financial strategy skills, paying up to $100 an hour for expert guidance. This move highlights the growing focus of AI companies on integrating advanced financial capabilities to serve the business and finance sectors. The industry trend underscores the increasing importance of specialized AI tools in transforming financial analysis and decision-making for consumers and professionals alike.

Key Takeaways

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Key Takeaways Elon Musk launched xAI in 2023 with the mission of building AI to “advance human comprehension and capabilities.”

Now xAI wants to improve its Grok chatbot and infuse it with financial strategy skills.

The startup is paying up to $100 an hour for bankers to act as AI tutors and teach Grok finance.

Elon Musk’s AI startup xAI is eager to improve its Grok chatbot and equip it with financial strategy skills. To that end, xAI is looking for bankers who are willing to join its team to help develop solutions for investment bankers and financial professionals.

According to job postings on xAI’s website, viewed by Bloomberg, xAI is actively hiring investment bankers, portfolio managers, credit analysts and traders, asking them to join its data annotation teams to train Grok. xAI wants these professionals to teach Grok how to think about financial modeling and investing.

One job posting asks for a finance expert to act as an AI tutor.

“AI Tutors teach our AI models about how people interact and react, as well as how people approach issues and discussions in finance,” the job listing reads. The job requires at least a Master’s degree in a finance-related field and pays up to $100 per hour, depending on relevant experience and qualifications.

The job description also indicates that xAI is recruiting crypto experts to teach Grok about the asset class.

Elon Musk. (Photo by Fabrice COFFRINI / AFP)

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