Source: Business Insider
Summary
Jane Street, a global leader in quantitative trading and investment, has installed Etched’s first shipped AI cluster system. Following the successful installation, Jane Street led a massive funding round for Etched. The startup revealed the investment but did not disclose the amount.
Our Reading
The announcement sounds ambitious.
Etched’s AI cluster system has made its first shipment to Jane Street. The system’s performance impressed Jane Street enough to lead another funding round for Etched. This investment follows a trend of established companies backing AI startups. Etched’s system is likely to be used for predictive analytics and data processing. The “innovation” is just more of the same, with AI slapped on for good measure.
Author: Evan Null
