Hudson River Trading signed a multibillion-dollar, multiyear agreement with CoreWeave to expand computing infrastructure for its trading research and models, making HRT one of the first customers to g…
CoreWeave has signed a multibillion-dollar, multi-year agreement with Hudson River Trading to provide GPU compute capacity for trading research and model development, giving HRT early access to Nvidia…
Hudson River Trading, a Wall Street firm, reported an $11.4 billion trading windfall, capitalizing on market volatility driven by swings in AI stocks and the Iran war. The firm's success highlights th…
James Dacombe, a 25-year-old high school dropout from Harrogate, has become Europe's youngest self-made billionaire after his AI chip startup Olix tripled in value since February, reaching a $3.3 bill…
CoreWeave shares surged about 14% in after-hours trading Tuesday after the AI cloud provider reported record second-quarter revenue of $2.575 billion, up 112% year-over-year, and a revenue backlog of …
James Dacombe, 25, who dropped out of a Harrogate sixth form college nine years ago, holds a stake in his AI chip company Olix valued at about £946M ($1.27B) after the London-based inference chip desi…
British semiconductor startup Olix, founded by 25-year-old Thiel fellow James Dacombe in 2024, has raised $312 million in a Series B round to build specialized AI inference chips and take on Nvidia. T…
OLIX, a London AI chip developer founded by 25-year-old James Dacombe, raised $312 million in a Series B round led by Fundomo, valuing the company at $3.3 billion before its first processor ships. The…
Olix Computing, a UK-based AI chip startup founded in 2024, closed a $312 million Series B at a $3.3 billion post-money valuation, marking Europe's largest semiconductor funding round. The company, wh…
Man Group, the world's largest listed hedge fund manager, is aggressively integrating large language models into its trading operations, including a partnership with Anthropic to deploy Claude across …
Hudson River Trading (HRT), an algorithmic trading firm, applies artificial intelligence to financial markets by defining AI as a system that perceives its environment and acts to achieve goals. The f…
AI chip startup Etched announced it has booked $1 billion in contract orders and raised $800 million to date, including a $500 million round at a $5 billion valuation, as it emerges from stealth with …
Hudson River Trading is aggressively consuming AI tokens as it deploys the technology for market making, facing bottlenecks in compute and memory costs that may drive the firm to develop its own chips…