The speaker says objectives become less clear as AI systems move from junior-analyst tasks to higher-level financial work, and evaluating an investment idea may require three years of market outcomes for a clear answer.

“We're gonna go from the tasks that a junior analyst can do, to some of the tasks that an associate can do, to some of the tasks that an MD would do, and move up that chain. And as you move up the chain, what I would say is the objectives become much fuzzier.”

“Uh, it goes from, "This is clearly a good or bad slide," or something that would put in front of a client or not, to, "Well, I don't know if this investment idea is good." And it's, and it would take me, you know, three years of waiting to really be able to give you c- a clear concrete answer of, like, what the market has done.”