Earlier quoted context omitted.
>Academia is already facing difficulties in computer science because much of the state-of-the-art research is being done by private companies...As a consequence, there are a number of areas in computer science where the leading academic papers are literally a good half decade behind the state-of-the-art that is buried in NDAs. Can you elaborate on which areas of CS academia you think are more sophisticated in the cor…
From what I understand, a lot of the FPGA and vector calculus stuff that financial-services companies are doing is leaps and bounds ahead of the published materials. But I'm not under NDA in any related projects, so that's just hearsay.
In my anecdotal experience, the financial industry is light years behind most post-graduate level mathematicians and physicists. Finanical math is kind of scary for anyone who knows more math than the average banker.