Wall Street high-frequency traders build data centers and back chip startups for AI
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
High-frequency trading firms like Jane Street, Hudson River Trading, XTX Markets, and Optiver are heavily investing in AI computing power, with compute spending rising ten to twenty times since ChatGPT launched. Jane Street invested $1 billion directly in CoreWeave and committed $6 billion to its services, while Hudson River spends $1 billion annually on AI.
Continue in the app — vote & join in ➔Source: The Decoder (AI) · via ahirlevel.hu