Wall Street high-frequency traders build data centers and invest billions in AI chips to stay competitive

High-frequency trading firms including Jane Street, Hudson River Trading and XTX Markets are investing billions in AI infrastructure, building data centers and backing chip startups as machine learning becomes central to market prediction. Jane Street has committed $6 billion to CoreWeave computing services and invested $1 billion directly in the startup, while Hudson River Trading spends $1 billion annually on AI and signed a multiyear deal with CoreWeave. XTX Markets is constructing a data center in Finland. Industry executives warn that inaction poses greater risk than the rising costs of fast-aging chips.