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Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake
- On Wednesday, quantitative trading firm Jane Street committed $7 billion to CoreWeave, including a $6 billion cloud computing agreement and a $1 billion equity investment at $109 per share.
- CoreWeave has transformed into a major infrastructure player by specializing exclusively on AI workloads, securing contracts with Meta , OpenAI , and NVIDIA that dwarf its IPO valuation.
- "Jane Street operates like a frontier lab," said Max Hjelm, senior vice president of revenue at CoreWeave, noting the firm requires massive computational power to refine its complex trading models.
- By acquiring its $1 billion equity stake, Jane Street became one of CoreWeave's five largest shareholders, aligning its financial interests directly with the continued infrastructure buildout the firm relies upon.
- As financial firms commit billions to compute infrastructure, industry analysts question whether CoreWeave's long-term contracts will produce returns matching the rapid capital expenditure seen across the sector this year.
18 Articles
18 Articles
CoreWeave Just Locked In $21 Billion From Meta. Here's Who Else Wins.
The post CoreWeave Just Locked In $21 Billion From Meta. Here’s Who Else Wins. appeared first on 24/7 Wall St.. CoreWeave (NASDAQ:CRWV) just secured a $21 billion commitment from Meta, expanding what was already a landmark relationship and cementing CoreWeave as the preferred AI cloud infrastructure partner for the world’s largest social platform. We’ve been watching CoreWeave for the past year now, and this deal is the kind of contract that rew…
Jane Street signs $6 billion AI cloud deal with CoreWeave, invests $1 billion in equity
In short: Jane Street has signed a $6 billion AI cloud agreement with CoreWeave and taken a $1 billion equity stake at $109 per share, making the quantitative trading firm one of CoreWeave’s five largest shareholders. The deal provides Jane Street with access to NVIDIA’s next-generation Vera Rubin compute and adds to CoreWeave’s growing contract […] This story continues at The Next Web
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