Kelly’s Bracket22: AI-Powered Trading Firm Reduces Costs to $30K-Yearly

Brian Kelly, former head of a cryptocurrency hedge fund, has reimagined his trading operations with Bracket22, a firm entirely powered by agentic AI. By replacing human labor with specialized AI agents, Kelly reduced annual payroll and infrastructure costs to around $30,000–$40,000—down from roughly $5 million previously, including salaries, compute, office space, and bonuses. The shift reflects a broader Wall Street trend, as firms like JPMorgan Chase and Morgan Stanley accelerate AI adoption, though concerns persist over eroding professional judgment.