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by b20000
1522 days ago
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because they are hoping to run into interesting people to hire. why would they share knowledge otherwise? if they are interested in doing that, why not share all the details of their tech stack and what they are doing exactly in the market? it's very hard to hire, especially with FAANGs who compete with them for talent. |
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Because they believe in the value of science?
They don't need to publish to compete with top-tier public companies. I don't know of any other trading firm that contributes to open-source development, or to a language infrastructure, or to academic advancement in the way and to the extent that Jane Street do. Most companies keep everything proprietary and highly secret.
But JS chooses to publish. And it's not like that's an easy task that you can just do for fun on a whim; it takes a long time to put together a good paper. They also regularly collaborate with people in academia on long-term projects and evaluations.
I understand the perspective you're suggesting, but I genuinely believe it is wrong, and I also believe that you do not have any evidence to back it up. I think their public contributions speak for themselves, but I've also met some of their more academically inclined engineers (including their CTO), and they come from an academic background and seem to genuinely believe in academic publishing as a goal in itself. It's not totally crazy that there exists one such company out there. (There are actually a couple, but not terribly many, and the others are not relevant in the present discussion.)