Lambda secures cloud deal to supply Hudson River Trading with NVIDIA chips
▼ Summary
– Lambda, a GPU-cloud startup heading toward an IPO, has signed a cloud-infrastructure deal with quantitative trading firm Hudson River Trading (HRT).
– The deal gives HRT access to NVIDIA chips through Lambda’s cloud services.
– Lambda’s customer list already includes major companies like Microsoft and NVIDIA.
IPO-bound GPU cloud startup Lambda has landed a major cloud infrastructure agreement with Hudson River Trading (HRT), one of the largest quantitative trading firms in the United States. Under the deal, Lambda will provide HRT with access to NVIDIA chips, a move that adds a heavyweight financial client to a roster already featuring Microsoft and NVIDIA itself. The arrangement was first reported by Reuters on Wednesday.
Lambda, which is preparing for an initial public offering, has carved out a niche by offering cloud-based access to high-performance NVIDIA graphics processing units, a resource in high demand for AI workloads and, increasingly, for algorithmic trading. For HRT, securing reliable access to these chips is critical for running the complex models that drive its high-speed trading strategies.
This partnership underscores a broader trend: quantitative trading firms are aggressively investing in computing power to gain a competitive edge. By tapping Lambda’s cloud infrastructure, HRT avoids the capital expense of building and maintaining its own GPU clusters while gaining scalable, on-demand access to cutting-edge hardware.
For Lambda, the deal signals strong market validation ahead of its IPO. Adding a client of HRT’s stature not only diversifies its revenue base beyond tech giants but also demonstrates the versatility of its cloud platform across different high-performance computing sectors.
(Source: The Next Web)
