About this episode
The episode discusses Hudson River Trading's use of AI and its implications for market making and technology deployment.
Today’s episode, which was recorded at our recent live show at New York’s City Winery, follows up on a conversation we had with Iain Dunning, head of AI at Hudson River Trading. Last year, we talked about how his firm uses AI. Now, some seven months later, we follow up on how one of the biggest market makers around is deploying this technology. We talk about the price of memory, bottlenecks in compute, how much HRT employees are actually spending on tokens, why the firm might develop its own chips, as well as AI-induced delirium. Read more: Jane Street Plans New Data Center as Compute Power Runs Scarce Nvidia-Backed Robotics Startup Generalist AI Valued at $2 Billion Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots Newsletter Join the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.
People in this episode
Guest: Iain Dunning
Topics covered
- AI in trading
- market making
- token burn
- compute power
- technology deployment
Keywords
- AI
- Hudson River Trading
- token burn
- compute power
- market makers
Mentioned in this episode
Organizations: Hudson River Trading, Nvidia, Jane Street
Places: New York, City Winery
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