Jane Street plans to build a new data center to address the growing scarcity of computing power.

CoinFeed reported on June 5th, citing Bloomberg, that high-frequency trading giant Jane Street plans to build its own data center to meet its expanding operational needs as computing resources become increasingly scarce. The company is in preliminary talks with several companies in the technology, crypto, and financial industries; the specific capacity and location of the new facility have not yet been determined. Jane Street currently obtains computing power through its Dallas data center and cloud service providers such as CoreWeave. Jane Street seeks to increase its computing capacity tenfold, currently running tens of thousands of GPUs and soon to hundreds of thousands. The new facility can be used to train internal AI models to predict asset prices. The company's co-head of technology stated that innovation and experimentation are limited by available computing power. Jane Street is seeking additional computing power to support longer-term, riskier position trading.