Quantitative trading firm known for hiring technically rigorous engineers and researchers.
- The Pentagon Stops Using Claude
- Anthropic IPO at Risk, Meta's Muse Pop, Token Prices Fall, Open Source Gains Share, Alignment Fails
- Gabe Stengel - Building Investing Superintelligence - [Invest Like the Best, EP.492]
- Noam Brown – Agent swarms, alignment, & recursive self-improvement
- AI researchers debate how close we are to recursive self-improvement
- 2 Companies Will Control Most of the World's Compute by 2028. Dylan Patel Did the Math.
- OpenAI's Agents Conspired for More Than a Month Without the Company Knowing About It
- Oura's $1B+ pre-IPO buybacks
- Ajeya Cotra – Inside the OpenAI agent swarm that hacked Hugging Face
- Why Nvidia loves backing startups
- Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028
- 20VC_ SpaceX Buys Cursor for $60BN _ Stripe's $8BN OpenRouter Bet _ Anthropic's First Profit & The Math Behind Reaching $600BN in Revenue_ _ Lovable and Higgsfield Raise Mega Rounds
“Oxide Computer, an Emeryville, Calif.-based on-premise cloud computing company, raised $445m in Series D funding. Eclipse led, joined by US Innovative Technology Fund, Riot Ventures, Jane Street, Atreides Management, and AMD Ventures.”
“Etched said in July that it had already secured $1 billion in customer orders, including the one from Jane Street, after manufacturing its test chip at a TSMC factory this summer.”
Source→“it's only been a couple of months since Etched raised $700 million at a $21 billion valuation”
Source→“One intern spent part of his summer researching LLM memorization, figuring out how to quantify and reduce it without hurting out-of-sample performance.”
Source→“Jane Street took 15 years to build the dominant franchise”
Source→“it was able to shake out bugs that were otherwise going to be really hard to find... it helps make those systems more reliable, but also because it helps the teams that build it to just move faster.”
Source→“Ron Minsky... articulating the 'verification bottleneck' problem created by agentic code generation”
Source→“launching an ASIC design competition (protocol emulator chip) with cash prizes for chip tapeouts”
Source→“Jane Street began using it in early 2025 and was impressed enough to invest”
Source→“Jane Street reportedly extracts more value per megawatt than Anthropic does.”
Source→“Crusoe... raised a $3+ billion round at a $30 billion post-money valuation and just signed a five-year, $13 billion deal with Jane Street.”
Source→“Crusoe has a fresh contract with trading firm Jane Street worth $13 billion, Bloomberg reported.”
Source→“Interns work on real projects that are things that we actually want as part of our code base. One of the interns on the ML engineering teams worked on exploring different sorts of low-bit KV quantization strategies.”
Source→“Jane Street lost $15 billion in trading revenue in July after AI stock bets soured, marking the first monthly loss in a decade for one of Wall Street's most profitable proprietary trading firms.”
Source→“Jane Street — one of the world's most sophisticated quantitative trading firms — is not just an early customer of Etched but the lead investor in its $700M round.”
“Jane Street is capturing $300 million per megawatt or $500 million per megawatt while paying Anthropic prices that reflect only a fraction of the value extracted.”
Source→“Literally like three weeks ago, Etched raised at 10 billion. Today, they've announced they've raised 700 million at 21 billion from Jane Street, Kleiner, Sequoia, Andreessen. Four weeks after, double the price.”
Source→“AI chip startup Etched secured a $700 million round led by Jane Street at a $21 billion valuation.”
Source→“Etched, a San Jose, Calif.-based builder of frontier inference clusters, raised $700m at a $21b valuation. Jane Street led, joined by Kleiner Perkins, Sequoia, a16z, Tiger Global, Bain Capital Ventures, Neo, Primary, Stripes, Positive Sum, and Blackstone.”
Source→“Firmus recently raised US$2b at more than a $10.5b post-money valuation from Blackstone, Jane Street, Coatue, and Nvidia.”
Source→“Firmus recently raised US$2b at more than a $10.5b post-money valuation from Blackstone, Jane Street, Coatue, and Nvidia.”
Source→“Firmus, an Australian AI infrastructure company, raised US$2b at more than a $10.5b post-money valuation from Blackstone, Jane Street and insiders Coatue, and Nvidia.”
“Jane Street is interested in AI tech not just as investment, but for internal use: it invested $1 billion in CoreWeave and signed a $6 billion commitment to use its cloud platform for all of its machine learning needs.”
Source→“Jane Street is interested in AI tech not just as investment, but for internal use: it invested $1 billion in CoreWeave and signed a $6 billion commitment to use its cloud platform for all of its machine learning needs. It's also in the process of financing its own AI data center.”
Source→“My guess is it's not worth 10 billion, but my guess is it could be worth 200 billion. And if your fund size and your winners work out, you make this bet and it makes sense.”
Source→“Fluidstack is building AI cloud and GPU infrastructure for training and inference at a moment when compute capacity is the binding constraint for frontier labs and enterprises. An $830M Series A led by Situational Awareness, with BlackRock, Google, and Jane Street in the round”
“Etched, a San Jose, Calif.-based inference chip startup, raised $300m at a $10.3b valuation. Sequoia led, joined by a16z, Jane Street, Diffusion, and SK Hynix.”
Source→“Etched, a four-year-old chip startup based in San Jose, CA, that makes rack-scale inference clusters for frontier AI workloads, raised a $300 million Series C round at a $10.3 billion valuation led by Sequoia, with Andreessen Horowitz, Jane Street, Diffusion, and SK Hynix also participating.”
Source→“Jane Street — traditionally a quantitative trading firm, not a venture capital investor — is reportedly leading one of Etched's fundraising rounds at a $20B valuation.”
Source→“In the industry, they're known as having like a pretty wild retention rate... everyone's doing a little bit of everything else. Like even if you're officially a trader, you're doing a lot of research. Even if you're officially a researcher, you're doing a lot of coding.”
Source→“We're not actually really looking for the interviewee to like get the canonical solution. It's more about like discussing all like the ML possibilities and like seeing if like people can like predict like the failure mode of whatever idea they think is most promising.”
Source→“Leopold Aschenbrenner... has grown his hedge fund, Situational Awareness, to more than $20 billion in assets after gains of more than 1,000% since inception.”
Source→“There aren't that many institutions that have thought as hard as Jane Street about how to turn smart people into some of the most competent researchers and engineers in the world.”
Source→“Trading in particular feels to me like kind of AGI complete... Jane Street isn't betting against AI. They just signed a $6 million compute deal.”
Source→“I have never been more desperate to hire more engineers and more traders than I am today. You have the usual thing of like the other hard parts that we don't yet know how to automate — well, that ends up being where the competitive edge lies.”
Source→“In 2020, there was an open source project called Katago by David Wu from Jane Street, who basically achieved a 40x reduction in compute needed to train a really strong GoBot tabula rasa... This is what most Go practitioners today train against when they're playing an AI.”
Source→“These cabinets, these GB300 cabinets consume at peak about 140 KWE. Compare that to traditional air cooled you're talking about 10 to 40 KWE.”
Source→“In 2020, there was an open source project called Katago by David Wu from Jane Street, who basically achieved a 40x reduction in compute needed to train a really strong GoBot tabula rasa.”
Source→“Participants: Axel (Jane Street engineer), Clark (Jane Street engineer), Dwarkesh Patel, Reiner Pope, Unidentified Participant”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.