Itô co-founders join Jump Trading to lead new compute trading desk

Itô's co-founders, Alejandro and Affaan, announced that the Itô team has joined Jump Trading to lead a new internal compute trading desk. They describe building a platform for the middle market for compute and inference, after speaking with over a thousand funds, corporations, VCs and others. They cite capacity contracts commonly starting at 3 to 5 year commitments with around 30% paid upfront, against usage-based, often month-to-month revenue, and note variable costs often made up 60+% of expenditures for the layer above the models. Inbound: [email protected].

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