Updated
Updated · Bloomberg · Aug 20
Hudson River Trading Signs Multibillion-Dollar CoreWeave AI Cloud Deal
Updated
Updated · Bloomberg · Aug 20

Hudson River Trading Signs Multibillion-Dollar CoreWeave AI Cloud Deal

3 articles · Updated · Bloomberg · Aug 20

Summary

  • A multibillion-dollar, multiyear agreement will have Hudson River Trading use CoreWeave’s AI computing services to develop new trading research and models.
  • The deal expands an existing partnership between the two companies, with CoreWeave Chief Revenue Officer Jon Jones calling it a “material expansion” while withholding exact financial terms.
  • The agreement underscores continued demand for specialized AI cloud capacity from large enterprise customers building compute-intensive models and research systems.

Insights

Will a multibillion-dollar AI arms race among Wall Street giants render traditional trading strategies completely obsolete?
How might deploying agentic AI in high-frequency trading permanently alter the fairness of global financial markets?
Could relying on ultra-fast AI supercomputers trigger unprecedented market crashes if these advanced autonomous models malfunction?