Jane Street backs CoreWeave
Jane Street signed a multibillion‑dollar AI cloud agreement with CoreWeave and took a reported $1 billion equity stake to secure specialised compute across multiple data centers. Coverage says the firm plans roughly $6 billion of spending with CoreWeave and that the deal follows large commitments from other model buyers, underscoring demand for high‑performance, throughput‑oriented AI infrastructure (thenextweb.com) (bloomberg.com) (benzinga.com).
Jane Street has committed about $6 billion to CoreWeave’s artificial intelligence cloud and invested another $1 billion in the company’s stock. (coreweave.com) The companies announced the deal on April 15, saying it expands an existing relationship and gives Jane Street access to next-generation computing across multiple CoreWeave facilities. Jane Street bought Class A shares at $109 each, according to CoreWeave’s statement. (coreweave.com) Reuters reported the stock purchase price was about 7 percent below CoreWeave’s previous closing price. Bloomberg reported Jane Street had taken an additional $1 billion stake while planning to spend about $6 billion on CoreWeave’s services. (reuters.com) (bloomberg.com) CoreWeave rents out specialized chips and data center capacity for artificial intelligence workloads, the heavy computing jobs used to train and run large models. Jane Street said it wants that capacity for machine learning research in global financial markets, where firms train models on large volumes of market data. (coreweave.com) (thenextweb.com) The agreement adds another large customer commitment days after CoreWeave expanded a separate deal with Meta to about $21 billion through 2032. Bloomberg said the Meta contracts now total $35 billion, making Meta one of CoreWeave’s biggest customers. (bloomberg.com) (cnbc.com) CoreWeave also disclosed a multi-year agreement with Anthropic on April 10 to support development and deployment of Anthropic’s models. Reuters described the Jane Street transaction as the third multibillion-dollar deal CoreWeave announced in about a week. (benzinga.com) (reuters.com) CoreWeave’s announcement said Jane Street will get access to NVIDIA’s Vera Rubin systems, a coming generation of chips and servers designed for larger artificial intelligence workloads. The deal shows buyers are reserving future capacity, not just current machines, as demand stretches across multiple data centers. (coreweave.com) (thenextweb.com) Jane Street said the spending fits its effort to scale machine learning across its business over time. For CoreWeave, the new commitment extends a run of large contracts that tie its growth to a small group of customers racing to lock in scarce high-end compute. (coreweave.com) (reuters.com)
