Jane Street and Hudson River Trading invest billions in AI data centers
Original title: Wall Street's fastest traders are building data centers and backing chip startups to stay ahead in AI
High-frequency traders are spending 10-20 times more on compute to use machine learning for market predictions.
Jane Street and Hudson River Trading are racing for AI computing power. The firms are building their own data centers and backing chip startups. Jane Street runs a Texas data center with over 4,000 Nvidia GPUs and invested $1 billion in CoreWeave plus $6 billion in computing services. Hudson River Trading spends $1 billion a year on AI and signed a multiyear deal with CoreWeave. XTX Markets is building a data center in Finland. Jane Street led a funding round for Etched and became its first customer for an AI chip.
- Jane Street invests $1 billion directly in CoreWeave and $6 billion in computing services
- Jane Street runs a data center in Texas with more than 4,000 Nvidia GPUs
- Hudson River Trading spends $1 billion a year on AI
- XTX Markets is building a data center in Finland
- Jane Street leads funding for chip startup Etched
- Countries
- FinlandUnited States
From the original article
1 min read at the-decoder.com
High-frequency traders like Jane Street and Hudson River Trading are now racing each other for AI computing power. The article Wall Street's fastest traders are building data centers and backing chip startups to stay ahead in AI appeared first on The Decoder.
By Maximilian Schreiner · the-decoder.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.