Risk: High

Starting as a Quantitative AI Researcher from scratch can be highly risky, especially for those who can't afford to lose money. Beginners in this field could potentially lose money invested in training courses, software, and data resources. It's common for novices to spend money without getting immediate returns, as mastering AI and quantitative analysis takes time and practice. Startup costs for tools and education can range from $500 to $2000, and there's a risk that these expenses may not pay off quickly. Online discussions often highlight the challenges of failing to generate profits initially. I'd rate the risk a 1 out of 3 because there is a high chance of losing money and time, particularly for newcomers without prior experience or financial stability.