Yes, for people in academia the trend is clear, but it seems that WallStreet didn't believe this was possible. They assume that spending more money is all you need to dominate technology. Wrong! Technology is about human potential. If you have less money but bigger investment in people you'll win the technological race.
I think Wall Street is in for surprise as they have been profiting from liquidating the inefficiency of worker trust and loyalty for quite some time now.
It think they think American engineering excellence was due to neoliberal inginuenity visavi the USSR, not the engineers and the transfer of academic legacy from generation to generation.
This is even more apparent when large tech corporations are, supposedly, in a big competition but at the same time firing thousands of developers and scientists. Are they interested in making progress or just reducing costs?
What does DeepSeek or really High Flyer do that is particularly exceptional regarding employees? HFT and other elite law or Hedge funds are known to have pretty zany benefits.
