An artificial intelligence cloud computing company announced Wednesday it has secured a significant contract with a major high-speed trading firm.
Lamda, which received backing from chip manufacturer Nvidia and secured $1.5 billion in funding last year following an agreement to supply Microsoft with chip access, revealed the new partnership with Hudson River Trading. The arrangement will provide the trading company with access to over 1,000 of the newest “Blackwell” chip systems from Nvidia.
The trading firm generated $12.3 billion in trading revenues last year, according to reports from last month. Neither company revealed the monetary value of their new agreement.
According to Stephen Balaban, who serves as co-founder and chief technology officer at Lamda, the contract involves chip systems that his company had already acquired and set up in their data center facilities, rather than requiring new chip purchases.
While Hudson River Trading maintains a significant relationship with Alphabet’s Google Cloud services, the firm has only publicly disclosed using Nvidia’s chips through Google’s platform, not Google’s proprietary AI chip technology. Balaban explained that the widespread availability of Nvidia’s AI chips has made them particularly attractive to major clients.
“It’s the only product that’s available in every one of the major cloud providers,” Balaban stated.
