Hedge fund manager Brian Kelly created Bracket22, a trading firm powered entirely by AI agents. His labor costs dropped from approximately $5 million per year to just $30,000 to $40,000 per year, covering all AI agents and computing infrastructure. The firm trades cryptocurrencies, stocks, and commodities using three specialized AI agents: Steffi for technical analysis, Desmond for quantitative strategies, and Houston serving as mission control. Kelly estimates he is at least ten times more productive with his agents and believes the real opportunity lies in augmenting existing employees rather than replacing them. Other Wall Street players like JPMorgan Chase and Morgan Stanley are also exploring AI agent adoption, though some warnings persist about risks to bankers’ analytical skills.
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