CoreWeave announced a $6 billion agreement for its AI‑cloud platform and a $1 billion purchase of Class A common stock from global trading firm Jane Street. The deal, which expands an existing partnership, gives Jane Street access to CoreWeave’s next‑generation NVIDIA‑based compute across multiple data‑center facilities, including the Vera Rubin platform, and includes dedicated software tooling, technical support, and customized storage and connectivity tailored to the firm’s quantitative research needs.
Jane Street’s commitment reflects its strategy to embed advanced machine learning into its trading operations. By leveraging CoreWeave’s high‑performance GPU infrastructure, the firm can train large, complex models on massive volumes of noisy data and deploy them at scale, thereby improving market efficiency. CoreWeave, in turn, gains a long‑term customer that will drive sustained demand for its specialized AI cloud services.
The $1 billion equity investment was made at a purchase price of $109.00 per share, giving Jane Street a significant stake in CoreWeave. The $6 billion cloud commitment represents a substantial revenue source for CoreWeave, while the equity infusion strengthens its balance sheet and supports further expansion of its data‑center footprint. Together, the two components of the deal underscore the strategic importance of AI infrastructure to both companies’ growth plans.
CoreWeave’s announcement follows a series of high‑profile contracts, including recent agreements with Meta and Anthropic, and comes as the global cloud‑AI market is projected to expand rapidly. The company’s focus on NVIDIA’s Vera Rubin technology positions it ahead of competitors such as Amazon, Microsoft, and Google, while its specialized GPU cloud offering appeals to firms that require the highest performance for training and inference workloads.
"We are deeply committed to investing in cutting‑edge technologies that support our research in global financial markets, training large, complex models on massive volumes of noisy data, refining them continuously, and deploying at a scale to help make markets more efficient. Access to CoreWeave's leading AI cloud platform enables our researchers to move at the pace our competitive business demands." – Jane Street
"Jane Street operates like a frontier lab, continually breaking new ground in deep learning and pushing the scale and complexity of their models. CoreWeave was built for this purpose and we're excited to expand our collaboration with Jane Street." – Max Hjelm, Senior Vice President of Revenue, CoreWeave
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