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Inside Hudson River Trading's Blistering Token Burn

Iain Dunning, Head of AI at Hudson River Trading, speaks during an live taping of the Odd Lots podcast at City Winery, in New York, NY on May 28, 2026 Bloomberg

Bloomberg Markets 5d ago

Odd Lots: Inside Hudson River Trading’s Token Burn (Podcast)

Today’s episode, which was recorded at our recent live show at New York’s City Winery, follows up on a conversation we had with Iain Dunning, head of AI at Hudson River Trading. Last year, we talked about how his firm uses AI. Now, some seven months later, we follow up on how one of the biggest market makers around is deploying this technology.

Bloomberg Markets 5d ago

Odd Lots: Why Susquehanna Builds Prediction Markets (Podcast)

Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there’s still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts are illiquid and trading volumes can sometimes be shallow.

Bloomberg Technology 4d ago

Odd Lots: Why Susquehanna Builds Prediction Markets (Podcast)

Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there’s still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts are illiquid and trading volumes can sometimes be shallow.

Bloomberg Markets 4d ago

Inside the California city where democratic socialists are testing their 'anti-business' agenda

Just 30 minutes from San Francisco sits the city of Richmond, Calif., which has quietly become one of the country's most unusual political experiments. It's a city where an activist coalition that includes democratic socialists has exercised influence over local government for years. From the outside, Richmond looks like any other working-class California city with a massive Chevron refinery looming over the shoreline and immigrant-owned businesses lining 23rd Street.

Fox News 4d ago

What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock

Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million. Last month, at least seven houses in the city sold for $1 million over the asking price, and buyers regularly offer to pay in cash or waive contingencies to stay competitive.

Wired 7d ago