SAN FRANCISCO, May 20 (Reuters) -

A rtificial intelligence cloud computing startup Lamda on

Wednesday said it has won a cloud contract with high-speed

trading firm Hudson River Trading.

Lamba, which is backed by Nvidia ( NVDA ) and raised $1.5

billion last year after signing a deal to provide Microsoft with

access to Nvidia's ( NVDA ) chips, said the deal with Hudson River

Trading will entail renting more than 1,000 of Nvidia's ( NVDA ) latest

"Blackwell" systems to the trading firm, which Reuters last

month reported had $12.3 billion in trading revenues last year.

Lamda and Hudson River Trading did not disclose the

financial terms of the deal. Stephen Balaban, co-founder and

chief technology officer at Lamda, said the deal involved Nvidia ( NVDA )

systems that Lamda has already purchased and installed in a data

center, rather than a new purchase of chips.

Hudson River Trading is a major customer for Alphabet's

Google Cloud, but has only announced use of Nvidia's ( NVDA )

chips in Google's cloud, rather than Google's own custom AI

chips. Balaban said the ubiquity of Nvidia's ( NVDA ) AI chips has become

one of their strongest selling points to large customers like

Hudson River Trading.

"It's the only product that's available in every one of the

major cloud providers," Balaban told Reuters.