High-frequency trading firms such as Jane Street are investing in AI and chip startups and neoclouds, and building data centers to gain an edge in the AI era (Bloomberg)
Billions spent on AI computing power offer no guarantee of a trading edge.
Bloomberg reports that high-frequency traders face pressure to secure compute to keep up with rivals. Firms including Jane Street are backing AI developers, chip startups and specialist cloud providers. Some are building their own data centers. Reporter Justina Lee describes the contest as a shift from fighting over nanoseconds to fighting for computing power.
Techmeme's note
Bloomberg reports that high-frequency traders face pressure to secure compute to keep up with rivals. Firms including Jane Street are backing AI developers, chip startups and specialist cloud providers. Some are building their own data centers. Reporter Justina Lee describes the contest as a shift from fighting over nanoseconds to fighting for computing power.
Techmeme's note
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