GoKawiilEx-crypto hedge fund manager rebuilds firm using only AI agents, cuts costs 99%
Brian Kelly, who previously ran a cryptocurrency hedge fund, has launched a new trading firm called Bracket22 that operates entirely through agentic AI rather than human staff. He told CNBC that his prior operation cost roughly $5 million annually in payroll, benefits and office expenses for seven or eight employees, while Bracket22 now runs on just $30,000 to $40,000 a year covering all AI agents and computing needs.
GoKawiil's interpretation of the reporting above, not reported fact.
Kelly's firm illustrates how far Wall Street could push automation, potentially replacing entire teams of analysts and traders with software that operates continuously without salaries or benefits. This kind of cost collapse could reshape hiring, competitive dynamics and regulatory scrutiny across the finance industry as more firms experiment with fully AI-run operations.
- Bracket22 runs entirely on agentic AI instead of human employees.
- Annual costs dropped from about $5 million to $30,000-$40,000.
- The case reflects broader Wall Street experimentation with AI-driven trading firms.
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Published there as: “How one hedge-fund manager built his firm to be powered entirely by AI agents”
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