Svmuu News: As computing power resources become increasingly scarce, Jane Street plans to build its own data center to meet operational expansion needs. The company is in preliminary talks with several firms in the tech, crypto, and financial industries, though the specific capacity and location of the new facility have yet to be determined.
Jane Street currently sources computing power from its Dallas data center and cloud service providers like CoreWeave. It is seeking to increase its computing capacity tenfold, expanding from the tens of thousands of GPUs currently in operation to hundreds of thousands. The new facility could be used to train in-house AI models to predict asset prices. A co-head of technology at Jane Street stated that innovation and experimentation are constrained by available computing power, and the firm is seeking additional capacity to support longer-term risk position trading.