HFT giants now fight for compute: Jane Street-backed Thinking Machines hits $40B valuation
dinabass · x · 2026-10-23
Bloomberg's Big Take reports that high-frequency trading firms, once competing over nanoseconds, are now racing for compute—building data centers and backing AI infrastructure startups. The chart shows market makers' AI bets: Jane Street-backed Thinking Machines at $40B valuation, Etched (Jane Street, HRT, Jump) at $21B, plus Positron ($5B), OLIX ($3.3B) and Gimlet ($3B).
Related event: High-Frequency Trading Giants Pour Billions Into AI Compute Race(2 posts)→
More from Venture
- Apple hits record high; Polymarket puts 42% odds it's world's largest company by year-end — Polymarket · 2026-10-23
- Polymarket odds jump to 65% that Anthropic's IPO ticker will be $ANT — Polymarket · 2026-10-23
- China AI Model Developer Stocks Face Brutal Selloff With No End in Sight — pstAsiatech · 2026-10-23
- How to Build and Run an Army of AI UGC Creator Accounts, in 9 Steps — tibo_maker · 2026-10-23
- Indie maker Tibo shares the playbook behind his $8M SaaS exit and $1M MRR portfolio — tibo_maker · 2026-10-23
- MicroCapClub's Ian Cassel: AI erases the info edge, meeting management is the last moat — rickasaurus · 2026-10-23