#data-centers Tech News.
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High-frequency trading firms including Jane Street and Hudson River Trading are investing billions in AI infrastructure. Hudson River spends $1 billion annually on AI and signed a multiyear deal with CoreWeave. Jane Street invested $1 billion in CoreWeave and committed $6 billion to its computing services. Executives note compute spending is ten to twenty times higher than before ChatGPT launched.
Google cleared 250,000 trees at its planned data centre site in Muhos, northern Finland, before finishing the required environmental assessment. The clearing covers 330 hectares, about 400 metres from the Oulujoki river. Finland's Licensing and Supervision Authority ordered Google to stop on 6 October.
Nine companies including Nvidia, Micron, and Oracle are seeing massive revenue growth driven by AI data center demand. Nvidia reported $96.2 billion in quarterly revenue with data centers accounting for 92% of sales. The sector relies on chips, cooling, and power, with capital spending expected to reach $1.3 trillion by 2027.
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