Crusoe Signs $13 Billion AI Cloud Deal with Jane Street, Bloomberg News Reports
- On Thursday, data center developer Crusoe signed a $13 billion, five-year cloud contract with quantitative trading firm Jane Street Group, providing clusters of GPUs and AI infrastructure for training and inference.
- The five-year commitment helped Crusoe secure a new $3 billion funding round that values the company at roughly $30 billion, according to reports citing people familiar with the matter.
- Quantitative trading firm Jane Street, which trades securities rather than selling software, has now contracted more AI compute capacity than most model developers, reshaping infrastructure demand.
- Crusoe competes with hyperscalers like Meta Platforms and Oracle, delivering AI-optimised data center services that allow clients to bypass bidding wars for scarce compute capacity.
- Founded in 2018 as a cryptocurrency business using flared natural gas, Crusoe has pivoted to building AI infrastructure, aiming to accelerate the merging of energy resources with artificial intelligence.
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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.
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