Wall Street traders spend billions on AI data centers and chip startups

high-frequency traders such as jane street and hudson river trading are aggressively investing in ai computing power to maintain their edge in the market. jane street runs a data center in texas with over 4,000 nvidia gpus, while hudson river trading spends $1 billion a year on ai and has signed a multiyear deal with coreweave. jane street has also invested $1 billion in coreweave and committed $6 billion to its computing services. additionally, jane street led a funding round for chip startup etched and became the first customer for its ai chip. this increased spending is driven by the growing reliance on machine learning for predicting market moves, with one executive estimating that compute spending is now ten to twenty times higher than before chatgpt launched.