High-frequency traders invest in AI computing power
The Decoder: Wall Street's fastest traders are building data centers and backing chip startups to stay ahead in AI
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.
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High-frequency trading firms are investing heavily in AI computing infrastructure, including building their own data centers, signing major cloud contracts, and funding chip startups. These traders increasingly rely on machine learning to predict market moves, and one executive estimates that compute spending is now ten to twenty times higher than before ChatGPT launched. Industry leaders view rising costs and fast-aging chips as significant risks, though some executives believe avoiding investment in AI infrastructure poses an even greater danger.
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