xAI is massively recruiting Wall Street bankers and credit experts to train Grok; Musk admits programming is lagging behind competitors.

According to 1M AI NEWS, xAI has been posting multiple job openings on its website, recruiting bankers, portfolio managers, traders, and credit analysts from Wall Street to join its data annotation team training Grok. Recruitment areas cover financial modeling, leveraged loan underwriting, distressed debt investment, and sub-categories such as MBS (mortgage-backed securities) and CLO (collateralized loan obligations), with additional focus on crypto and equity markets. xAI will particularly focus on expanding training data in the credit market, which is currently facing pressure from private credit fund redemptions. xAI refers to these trainers as "AI mentors," responsible for feeding data into Grok and adjusting its responses. The team is led by Diego Pasini, a young man who joined the company shortly after graduating high school and has been working at xAI for over a year. Pasini stated at an employee meeting last month that "training data is a major bottleneck," and Grok currently relies heavily on data from Musk's social media platform X. Musk recently admitted at a conference that xAI lags behind its competitors in programming capabilities, which has been a major revenue source for OpenAI and Anthropic. Last week, xAI poached two executives from the AI ​​programming tool Cursor, which is currently seeking a new round of funding at a valuation of $50 billion. OpenAI and Anthropic have both released tools for finance professionals, focusing on scenarios such as market analysis and investment memo generation. xAI is generally considered to be lagging behind its competitors in expanding its commercial client base, and its revenue to date has primarily come from collaborations with Musk's Tesla and SpaceX.