Alex Gerko’s edge as a trader comes from a supercomputer powered by geothermal energy in Iceland. Years before ChatGPT became a household name, his trading firm, XTX Markets, built an artificial-intelligence system aimed squarely at one goal: making money. That bold bet on AI has made XTX one of the most profitable players in the secretive world of algorithmic trading.
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The billionaire math geek who turned AI into a money-printing machine
“All these HFT firms…are trying to leapfrog each other by becoming faster and faster,” Gerko said in a 2019 discussion with students, a video of which was viewed by The Wall Street Journal. “We decided we’re just not a part of this game.”
