Business · Updated 26 Oct, 03:19 pm IST
High-frequency traders build data centers and invest in AI chips to boost compute
Why it matters for readers: Helps understand why trading firms are spending big on technology to improve automated trading.
- Firms are spending billions on cloud deals, startups and their own data centers to get more AI compute.1
- Jane Street runs a Texas data center with more than 4,000 Nvidia GPUs and invested $1 billion in CoreWeave while committing $6 billion to its services.1
- Hudson River Trading says it spends $1 billion a year on AI and signed a multiyear deal with CoreWeave.1
- XTX Markets is building a data center in Finland as part of the race for compute capacity.1
- Jane Street led a funding round for chip startup Etched and became the first customer for its lower-voltage AI chip to gain performance and efficiency.1
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