Alex Gerko, the British billionaire trader, is offering to pay students $35,000 a month for internships researching artificial intelligence at his New York office.<\/p>\n
Gerko\u2019s XTX Markets, an algorithmic trading firm which uses machine learning technology to produce price forecasts for financial instruments, has published an advertisement for the internship, which lasts for 12 to 14 weeks.<\/p>\n
The company said the internship \u201cis designed for highly motivated students in the middle years of their advanced degrees, who are eager to push the boundaries of high-risk, high-reward AI research and rapidly integrate cutting-edge ideas into our advanced strategies\u201d. <\/p>\n
\u2022 How Alex Gerko rose from poor Moscow suburb to geek royalty<\/a><\/p>\n XTX Markets is targeting students pursuing an advanced degree \u2014 ideally a PhD \u2014 in computer science, electrical engineering, mathematics, or a related quantitative field, with at least one year remaining before their expected graduation date. <\/p>\n Gerko, 45, grew up in one of Moscow\u2019s poorer suburbs and achieved a PhD in maths from Moscow State University before becoming a trader at Deutsche Bank in 2004, where he worked first in equities and then switched to foreign exchange.<\/p>\n He moved to London with Deutsche in 2006 and joined the British hedge fund GSA Capital three years later, before striking off on his own in 2015 when he set up XTX as a spin-out of GSA.<\/p>\n Gerko is worth about \u00a39 billion, according to this year\u2019s Sunday Times Rich List<\/a>. He is one of Britain\u2019s biggest taxpayers, and has donated millions of pounds to improve numeracy in the UK. Earlier this year he announced plans to open the country\u2019s first specialist secondary school for exceptionally talented young mathematicians.<\/p>\n