I work at a trading firm. RIP to the GOAT, the god of quants.Reading about him and RenTec, back in high school, was one of the first things that got me attracted to the field.
The issue is that Americans with half-baked knowledge think that all Indians have a caste assigned to them, or that India has a national level caste allocation policy. For Americans who hate India, this gives them more ammo to hate us.
If I interpret OP's statement correctly, that chatGPT can build complex systems from scratch in 10 years. Then according to that statement, the only adaptation is to choose a new career because it has made almost all SWE jobs go the way of the dinosaurs.
So, a LLM, trained extensively on StackOverflow and other data (possibly the plethora of LC solutions out there), is fed a bunch of LC questions and spits out the correct solutions? In other news, water is blue.
It is one thing to train an AI on megatons of data, for questions which have solutions. The day ChatGPT can build a highly scalable system from scratch, or an ultra-low latency trading system that beats the competition, or find bugs in the Linux kernel and solve them; then I will worry.
Till then, these headlines are advertising for Open AI, for people who don't understand software or systems, or are trash engineers. The rest of us aren't going to care that much.
Both. If one is on a competitive exchange or a latency-sensitive asset class, need to be both smart and fast.
Also, strategies change all the time and are mostly the domain of quants and traders. What they did a year ago, could very well be history at the firm they worked at.
I'd say an idea that generates alpha is tougher. I have seen firms like XR have great technology, but sucky ideas. They were fast, not smart and hence they didn't make a killing like their competitors did, due to all the volatility in the last three years.
I work at an HFT. I am expecting most of the major firms, especially Citadel Securities, lobby hard against this.
While non-competes on our side are paid, they're a pain in the ass to navigate if one is a visa worker (my case). So, I am praying for this to pass. If it does, I am starting interviewing with competitors the very next day.
I work for a market maker. Have a maximum possible one year NC. Thinking of doing something similar in case my firm slams me with NC > 6 months, when I resign.
I write low latency C++ for a living. Read "A Tour of C++", focusing on the STL and the basics of the language, basics of templates. Anything else related to STL, look at cppreference.