CoreWeave Lands Another Order From a Financial Giant: HRT Signs a Multi-Billion-Dollar Deal to Accelerate AI Computing Into the Trading Sector
Hudson River Trading ("HRT") has signed a multi-year agreement with $CoreWeave (CRWV.US)$ to build a brand-new trading research model and system using the latter’s artificial intelligence computing services. In an interview, CoreWeave’s chief revenue officer, Jon Jones, said the value of the deal is in the billions of dollars and represents a substantial deepening of the two companies’ existing partnership, but he declined to disclose the specific financial terms. Under the agreement, HRT will become one of CoreWeave’s first customers to gain large-scale access to Nvidia’s (NVDA.US) latest Vera Rubin AI chips.