Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Jane Street Reportedly Plans to Build Own Data Center for In-house Use, Potentially to Train Internal AI Models
Recommend 5 Positive 5 Negative 3 |
||||
|
||||
|
Bloomberg, citing sources, reported that quantitative trading giant Jane Street is planning to build and finance its own data center. According to people familiar with the matter, Jane Street is expanding its operations to keep up with growing demand for computing power. The firm has been in discussions with companies across the technology, cryptocurrency and financial sectors to explore the possibility of building a new facility, in addition to its existing investments in artificial intelligence (AI) computing capacity. Sources said that for the new data center, Jane Street is approaching potential partners to seek an additional capacity of approximately 100 to 200 megawatts. People familiar with the matter noted that the talks are at an early stage, and the exact capacity and location of the center have yet to be determined. Jane Street currently obtains part of its computing power from a data center in Dallas and has established partnerships with cloud service providers such as CoreWeave, Inc. (CRWV.US). The report said Jane Street’s approach differs from the way private equity typically invests in AI data centers, as the facility would be primarily for its own use. Two sources indicated that the company may use the facility to train internal AI models for functions such as forecasting future asset prices. Founded in 2000, Jane Street executes trades for investors and also trades with its own capital. Since its inception, it has developed the capability to process thousands of transactions within seconds, similar to other high-frequency trading firms, while also profiting from holding certain positions for hours, days or even weeks. In June last year, Jane Street pre-leased more than 70% of the office space in Phase 1 of HENDERSON LAND (00012.HK)’s Central Harbourfront project, marking the largest single office leasing transaction in Central’s core district in decades. The monthly rent is HKD137 per square foot for a five-year term, with the lease commencing in 2028. The property will be handed over to the tenant for fitting-out in 2027. (da/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
