Jane Street Inks $6B AI Cloud Deal with CoreWeave, $1B Stake

Quantitative trading firm Jane Street has agreed to a $6 billion contract for artificial intelligence cloud services from CoreWeave, along with a $1 billion equity investment in the provider, the companies announced on April 15. The deal, which includes access to advanced computing resources across multiple data centers, positions Jane Street as one of CoreWeave's five largest shareholders and highlights the growing integration of AI infrastructure in financial markets.

Under the agreement, CoreWeave will supply Jane Street with computational capacity featuring NVIDIA's forthcoming Vera Rubin architecture, set for deployment in the second quarter of 2026. This setup also encompasses dedicated network connectivity, customized storage, and specialized technical support to support the firm's research and deployment needs. The equity purchase occurred at $109 per share, a 7 percent discount to CoreWeave's previous closing price, bringing Jane Street's total stake to approximately $1.44 billion.

Jane Street, founded in 2000 and employing more than 3,500 people across offices in New York, London, Hong Kong, Singapore, and Amsterdam, relies on machine learning models to process vast...