Palihapitiya observes automated AI agent-based hedge funds are emerging to replace traditional firms like Citadel and Millennium.
“If you go on x, I've gone down the automated trading rabbit hole. So I don't know if you guys know, but there are these incredible, young, vibrant projects that are basically replacing a citadel, replacing a millennium, and they're building these automated agent based hedge funds that are transacting across all kinds of markets all the time.”
Palihapitiya reports 8090 automated 81.4% of Bissell part approvals at half prior cost
“Retiring spreadsheets in favor of software… 8090 built the system that now runs part and model numbering inside BISSELL’s product development organization. The rules that a handful of expert reviewers once enforced by hand are now written into software, requests that follow https://t.co/TuQWZAiRco”