Crusoe Signs $13 Billion AI Cloud Deal with Jane Street, Bloomberg News Reports
The contract will supply GPUs and AI infrastructure through Crusoe’s cloud platform as demand for computing power drives data-center spending.
- On Thursday, AI data center startup Crusoe signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion.
- Launched in 2018 as a crypto mining operation, Crusoe pivoted into a major AI infrastructure provider, developing hyperscale data centers for clients like Oracle and OpenAI to meet surging computing demand.
- According to Bloomberg, the company raised a new around $3 billion round at a roughly $30 billion valuation, 10 months after its previous funding round.
- Atreides Management and Valor Equity Partners co-led the round, which includes participation from Mubadala Capital, while Crusoe met recently with Goldman Sachs and Morgan Stanley regarding a potential near-term IPO.
- Securing Jane Street as a high-profile customer helped attract investor interest in the fundraising effort, positioning Crusoe as a key player as data center spending surges amid rising AI demand.
11 Articles
11 Articles
Jane Street signs $13bn five-year AI cloud deal with Crusoe
A proprietary trading firm has just signed one of the largest AI cloud contracts of the year. Jane Street is committing roughly $13bn over five years to Crusoe, the data centre company, for clusters of AI chips and the infrastructure around them. The terms were first reported by Bloomberg, citing people familiar with the arrangement, and […] This story continues at The Next Web
Crusoe signs $13 billion AI cloud deal with Jane Street, Bloomberg News ...
Crusoe Signs Roughly $13 Billion AI Cloud Deal With Jane Street
Crusoe, a data center upstart with contracts to supply AI computing power to the likes of Meta Platforms Inc. and Oracle Corp., has signed a cloud contract with trading firm Jane Street Group valued at around $13 billion, according to people with knowledge of the matter.
Crusoe, the company that went from using residual gas to mining Bitcoin to building artificial intelligence infrastructure, would have signed a US$13 billion cloud deal with Jane Street. The compromise, still presented as a report, would greatly surpass the previous alliance of the trading firm with CoreWeave and show how much quantitative finance competes for computing capacity.
Coverage Details
Bias Distribution
- 86% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
