CoreWeave and Quantitative Firm Hudson River Reach Multi-Billion Dollar AI Cloud Computing Agreement

Odaily Planet Daily News: Quantitative trading firm Hudson River Trading (HRT) has entered into a multi-year partnership agreement with artificial intelligence cloud computing company CoreWeave. The two parties will leverage CoreWeave's AI computing services to develop new trading research tools and models. CoreWeave Chief Revenue Officer Jon Jones stated that the agreement represents a "significant expansion" of their existing collaboration, though specific financial terms were not disclosed. According to sources familiar with the matter, the deal is valued at several billion dollars. This partnership highlights the rapid growth in demand for high-performance AI infrastructure among financial institutions. As the application of AI models in quantitative trading, risk analysis, and market forecasting continues to expand, trading firms are increasing their investments in GPU computing power and dedicated cloud computing resources. (Bloomberg)