# Hudson River Trading's Blistering Token Burn > Source: > Published: 2026-06-17 11:31:55+00:00 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](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) Only [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) [Subscribe to the Odd Lots Newsletter](http://bloomberg.com/subscriptions/oddlots)**Join the conversation:** [discord.gg/oddlots](https://discord.gg/oddlots) The Iran War’s Lasting Scars Across Asia 20:04 Carmen Li's Plan to Build a Futures Market for Compute 32:56 Anjney Midha's Plan to Radically Lower the Price of Compute 50:20