{"slug": "hudson-river-trading-s-blistering-token-burn", "title": "Hudson River Trading's Blistering Token Burn", "summary": "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.", "body_md": "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.\n\nRead more:[Jane Street Plans New Data Center as Compute Power Runs Scarce](https://www.bloomberg.com/news/articles/2026-06-04/jane-street-plans-new-data-center-as-compute-power-runs-scarce?utm_medium=referral&utm_source=podcast&utm_campaign=odd_lots&utm_content=article)[Nvidia-Backed Robotics Startup Generalist AI Valued at $2 Billion](https://www.bloomberg.com/news/articles/2026-06-04/nvidia-backed-robotics-startup-generalist-ai-valued-at-2-billion?utm_medium=referral&utm_source=podcast&utm_campaign=odd_lots&utm_content=article)\n\nOnly [Bloomberg - Business News, Stock Markets, Finance, Breaking & World News](http://bloomberg.com/) 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](https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast)\n\n[Subscribe to the Odd Lots Newsletter](http://bloomberg.com/subscriptions/oddlots)**Join the conversation:** [discord.gg/oddlots](https://discord.gg/oddlots)\n\nThe Iran War’s Lasting Scars Across Asia\n\n20:04\n\nCarmen Li's Plan to Build a Futures Market for Compute\n\n32:56\n\nAnjney Midha's Plan to Radically Lower the Price of Compute\n\n50:20", "url": "https://wpnews.pro/news/hudson-river-trading-s-blistering-token-burn", "canonical_source": "https://omny.fm/shows/odd-lots/inside-hudson-river-tradings-blistering-token-burn", "published_at": "2026-06-17 11:31:55+00:00", "updated_at": "2026-06-17 11:53:25.494574+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips", "ai-tools", "ai-research"], "entities": ["Hudson River Trading", "Iain Dunning", "Jane Street", "Nvidia", "Generalist AI"], "alternates": {"html": "https://wpnews.pro/news/hudson-river-trading-s-blistering-token-burn", "markdown": "https://wpnews.pro/news/hudson-river-trading-s-blistering-token-burn.md", "text": "https://wpnews.pro/news/hudson-river-trading-s-blistering-token-burn.txt", "jsonld": "https://wpnews.pro/news/hudson-river-trading-s-blistering-token-burn.jsonld"}}