Wall Street's fastest traders invest in AI infrastructure to stay competitive
In brief
- Jane Street and Hudson River Trading are heavily investing in AI-dedicated data centers.
- They are also funding startups developing specialized AI chips.
- The goal is to preserve their competitive edge in algorithmic trading.
Firms like Jane Street and Hudson River Trading are building their own AI-focused data centers and backing chip startups to maintain their technological edge according to the article.
What it changes for you
- Finance & BankingBanks and investment funds must anticipate how these investments will affect the costs and performance of trading algorithms.
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