Jane Street commits $6 billion to CoreWeave AI cloud, takes $1 billion equity stake

Jane Street Invests $1 Billion in CoreWeave, Boosts Spending Plans

Jane Street Group, a trading firm, has taken an additional $1 billion stake in AI cloud services provider CoreWeave Inc. and plans to spend about $6 billion on the company's technology offerings. Jane Street paid $109 a share to acquire CoreWeave Class A common stock as part of the deal, according to a statement Wednesday. The agreement will give Jane Street access to Nvidia Corp.'s Vera Rubin chips -- set to come out this year -- running in multiple CoreWeave data centers. The firm will also pay CoreWeave for products to help it develop and deploy its own AI software. The agreement is the third multibillion deal announced by CoreWeave this month. Last week, the Livingston, New Jersey-based company unveiled a $21 billion commitment from Meta Platforms Inc. and said Anthropic PBC will spend multiple billions to tap CoreWeave data center capacity. CoreWeave is trying to diversify revenue and sell more of its own software and tools -- beyond offering access to Nvidia's prized processors. The company had been highly dependent on Microsoft Corp., which accounted for roughly 70% of its revenue last year. CoreWeave is part of a group dubbed "neoclouds," which specialize in offering high-performance cloud computing for AI workloads. Customers such as Microsoft, OpenAI and Meta have turned to neoclouds to quickly boost their ability to build and offer AI products. Jane Street previously held 6.17 million CoreWeave shares, or about 1.5% of shares outstanding, according to data compiled by Bloomberg. The firm has invested in other AI companies, including Anthropic's Series E and Series F fundraising rounds. The company is also in talks to colead an investment in cloud-computing startup Fluidstack Ltd. that aims to bring in about $1 billion at a target valuation of $18 billion, people familiar with the matter said this week. Trading firms like Jane Street and Hudson River Trading use computing capacity to fuel their algorithms, allowing them to react to market moves in microseconds. More processing power lets them handle more data and make more trading decisions. But the infrastructure can cost billions of dollars to run and keep up. Jane Street's trading business has allowed it to become one of the most lucrative operations on Wall Street. Its revenue in the first nine months of 2025 surpassed $24 billion, well past its previous annual record of $20.5 billion set in 2024, Bloomberg reported in December.

Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

April 15 (Reuters) - Trading firm Jane Street has committed about $6 billion for CoreWeave's (CRWV.O), opens new tab cloud services, marking the third multi-billion-dollar deal for the Nvidia-backed neocloud company in a week and underscoring surging demand for computing capacity as AI use rises. Jane Street also made a $1 ⁠billion equity investment in CoreWeave at a purchase price of $109 per share, representing a discount of 7% to CoreWeave's last closing price. The investment will bring Jane Street's position in CoreWeave to about $1.44 billion, according to LSEG ⁠data, making the firm the fifth-largest shareholder in the company. CoreWeave shares, which have surged nearly 64% so far this year, ⁠were down marginally in premarket trading. Last week, the company struck a multi-year deal ⁠with Claude-creator Anthropic to supply the AI company with computing capacity ⁠and also announced an expanded $21 billion deal with Meta (META.O), opens new tab. Reporting by Deborah Sophia in Bengaluru; Editing by Tasim Zahid Our Standards: The Thomson Reuters Trust Principles., opens new tab

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 book, which includes Meta ($35B), OpenAI ($12B), and NVIDIA ($6.3B in capacity commitments). Jane Street, the quantitative trading firm that generated $20.5 billion in net trading revenue last year, has signed a $6 billion AI cloud agreement with CoreWeave and taken a $1 billion equity stake in the company, a deal that says as much about the future of finance as it does about the AI infrastructure market. Under the agreement, CoreWeave will provide Jane Street with access to next-generation compute across multiple data centre facilities, including systems built on NVIDIA's forthcoming Vera Rubin architecture. Jane Street's $1 billion equity investment, at $109 per share, makes it one of CoreWeave's five largest shareholders and values the cloud provider's stock at a 176% premium to its IPO price just thirteen months ago. Jane Street is not a typical CoreWeave customer. The firm, founded in 2000 with offices in New York, London, Hong Kong, Singapore, and Amsterdam, runs a research-driven trading operation that already deploys tens of thousands of high-end GPUs across its own computing infrastructure. Its engineers build neural network models that power trading strategies across global financial markets, processing massive volumes of noisy market data in real time. The firm's statement framed the deal in language usually reserved for AI research labs: "training large, complex models on massive volumes of noisy data, refining them continuously, and deploying at a scale to help make markets more efficient." Max Hjelm, CoreWeave's senior vice president of revenue, was more direct: "Jane Street operates like a frontier lab." That comparison is not hyperbole. Jane Street's 2024 net income was $13 billion, roughly what it costs to train a frontier language model several times over. Through the first three quarters of 2025, the firm's revenue had already exceeded $24 billion, with a single quarter, Q2 2025, producing $10.1 billion in net trading revenue. This is a company with both the appetite and the capital to consume compute at frontier scale. For CoreWeave, the deal extends a pattern that has transformed it from a niche GPU cloud provider into one of the most consequential infrastructure companies in AI. The company went public on Nasdaq in March 2025 at $40 per share, raising $1.5 billion at a valuation of roughly $23 billion. Since then, it has signed contracts that dwarf its own market capitalisation at IPO. Meta's deal alone is worth $35 billion through 2032, expanded from an initial commitment in an agreement announced earlier this month. OpenAI has committed approximately $12 billion over five years. NVIDIA itself invested $2 billion in CoreWeave in January 2026 and separately agreed to purchase $6.3 billion in unsold compute capacity through April 2032, effectively underwriting CoreWeave's buildout with a demand guarantee. Jane Street's $6 billion commitment adds another major customer to a roster that also includes Anthropic, Google, and Microsoft. The concentration of AI spending among a handful of cloud providers is reshaping the infrastructure market. CoreWeave's pitch is specialisation: rather than competing with AWS or Azure across the full spectrum of cloud services, it builds exclusively for AI workloads, offering dedicated connectivity, custom storage configurations, and the kind of responsive technical support that general-purpose cloud providers struggle to match for demanding customers. The agreement specifies access to NVIDIA's Vera Rubin technology, the next-generation GPU platform that NVIDIA claims will deliver up to ten times lower cost per token compared to its current Blackwell architecture. CoreWeave is among the first cloud providers to offer Vera Rubin systems, with deployment beginning in Q2 2026. For Jane Street, the appeal is clear. Quantitative trading models are becoming deeper and more computationally expensive, and the firms that can train and refine them fastest have a direct competitive advantage. Access to next-generation silicon before competitors do is not a nice-to-have; in a business where nanoseconds matter, it is the difference between capturing and missing a trade. The equity investment reinforces the point. By taking a $1 billion stake in CoreWeave, Jane Street is not just buying cloud capacity; it is aligning its financial interests with the continued buildout of the infrastructure it depends on. If CoreWeave succeeds, Jane Street benefits both as a customer and as a shareholder. The deal is the latest evidence that the boundary between AI companies and their customers is dissolving. Jane Street is a trading firm, but it operates its own GPU clusters, employs machine learning researchers, and now invests directly in AI infrastructure providers. The same pattern is visible across finance: hedge funds, high-frequency trading firms, and quantitative asset managers are all committing billions to the compute infrastructure that powers their models. This has implications beyond Wall Street. CoreWeave's ability to sign contracts totalling tens of billions of dollars rests on the assumption that demand for AI compute will continue to grow at rates that justify massive capital expenditure. The company's customers are, in effect, pre-funding a buildout that will take years to complete. If AI compute demand plateaus or shifts to more efficient architectures faster than expected, the long-term contracts that underpin CoreWeave's valuation become liabilities rather than assets. For now, the demand signal is unambiguous. Between Meta, OpenAI, NVIDIA, Jane Street, and a growing list of enterprise customers, CoreWeave has secured commitments that would have been difficult to imagine when it listed thirteen months ago. The company's stock has nearly tripled since its IPO, and each new contract reinforces the thesis that specialised AI cloud providers can compete with, and in some cases outperform, the hyperscalers on workloads that matter most. Jane Street's bet is that the returns on AI-driven trading will justify $6 billion in cloud spending and a $1 billion equity position in the company providing it. Given that the firm made $13 billion in net income last year, the maths is not hard to see. The harder question is whether the broader AI infrastructure boom, in which a handful of companies are committing capital at a pace not seen since the fibre-optic buildout of the late 1990s, will produce returns to match. Jane Street, at least, is trading as though it will.

Jane Street commits $7 billion to CoreWeave in cloud and equity deal

Jane Street has committed about $6 billion to use CoreWeave's AI cloud platform and made a separate $1 billion equity investment in the company, bringing its total commitment to $7 billion, the companies said April 15. Under the cloud agreement, CoreWeave will give Jane Street access to compute across multiple data center facilities, including Nvidia $NVDA's Vera Rubin technology, along with the software and services needed to deploy and scale its AI operations. CoreWeave said the arrangement includes dedicated connectivity, custom storage configurations, and technical support tailored to Jane Street's research needs. According to Reuters, the $109-per-share price Jane Street paid for its CoreWeave equity stake represented a 7% discount to where the stock last closed. Reuters reported that with the new purchase folded in, Jane Street holds roughly $1.44 billion worth of CoreWeave stock in total, a position large enough to rank it among the company's five biggest shareholders. "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," Jane Street said in a statement. "Access to CoreWeave's leading AI cloud platform enables our researchers to move at the pace our competitive business demands." Max Hjelm, Senior Vice President of Revenue at CoreWeave, said in a statement that "Jane Street operates like a frontier lab, continually breaking new ground in deep learning and pushing the scale and complexity of their models." The deal is the third major agreement CoreWeave has announced this month. Earlier, CoreWeave signed a $21 billion agreement with Meta $META to supply AI cloud capacity through 2032, expanding a prior contract valued at about $14 billion. A day later, CoreWeave reached a multi-year agreement with Anthropic to provide compute supporting the development and deployment of Claude AI models, though financial terms of that deal were not disclosed. CoreWeave, which completed its public listing on Nasdaq $NDAQ in March 2025, has been working to broaden its customer base and expand its software offerings beyond access to Nvidia processors. The company had been heavily dependent on Microsoft $MSFT, which accounted for about 70% of its revenue last year, according to Bloomberg. CoreWeave shares have nearly doubled from their starting point this year, gaining roughly 64% since January. Jane Street, founded in 2000, is a technology-driven trading firm with more than 3,500 employees across offices in New York, London, Hong Kong, Singapore, and Amsterdam. The firm uses large-scale computing to fuel trading algorithms. Its revenue in the first nine months of 2025 surpassed $24 billion, according to Bloomberg, well above its previous annual record of $20.5 billion set in 2024.

CoreWeave Announces $6B Deal With Trading Firm Jane Street

Jane Street said it needs GPU-based computing power to keep its trading and research operations competitive amid growing adoption of AI. CoreWeave, a publicly traded AI cloud infrastructure company, announced on Wednesday a $6 billion deal with quantitative trading firm Jane Street, in which the firm will use CoreWeave's AI cloud computing infrastructure to power its trading and research operations. Under the agreement, CoreWeave will provide Jane Street with compute from multiple data center facilities, the company's announcement said. Jane Street also purchased $1 billion in CoreWeave Class A Common stock at $109 per share, according to CoreWeave. Shares of CoreWeave (CRWV) rose by 1.5% on Wednesday, climbing to about $119.04 at the time of publication, according to data from Yahoo Finance. The deal comes about one week after CoreWeave announced an agreement with Anthropic, in which the AI developer would use CoreWeave's compute infrastructure to power its Claude AI large language models. CoreWeave's pivot to AI predates the crypto mining industry's shift by years, and highlights how miners can repurpose their infrastructure to power high-performance computing and shore up declining revenues amid a challenging economic environment. Related: CoreWeave's $8.5B loan shows how AI is replacing crypto mining finance CoreWeave was founded as a crypto mining company called Atlantic Crypto, in 2017, before beginning a pivot to AI cloud computing infrastructure in 2019. The company's shift to AI infrastructure years ahead of the crypto mining industry's rush into the sector helped establish CoreWeave as a leading "neocloud" company, according to analysts from asset management and investment research company Bernstein. "Neocloud" service providers are cloud computing companies built around graphics processing units (GPUs), which power artificial intelligence workloads. Traditional cloud service providers power their operations with basic computer processing units (CPUs) suitable for running websites, Web2 platforms, video games, media streaming and applications. The analysts compared CoreWeave with IREN and Nebius, and concluded that "relative to its neocloud peers, CRWV has by far the strongest commercial machine." CoreWeave benefits from a mix of contractual agreements and on-demand revenue-generating activities, while also commanding a diverse customer base, Bernstein said. "Nine of the leading 10 AI model providers now leverage CoreWeave's platform," spokespeople for CoreWeave said following the Anthropic deal in April.

CoreWeave Lands $6 Billion Deal With Jane Street

Jane Street is expanding its investment in CoreWeave by buying an additional $1 billion of stock, in addition to a $6 billion infusion to use the self-described hyperscaler's cloud platform. The New York City-based trading firm picked up CoreWeave for $109 a share, according to a Wednesday statement, and will also get access to the latest fleet of Nvidia chips, the Vera Rubin, expected to roll out later this year. "Access to CoreWeave's leading AI cloud platform enables our researchers to move at the pace our competitive business demands," a Jane Street representative said in the press release. Representatives for Jane Street did not immediately respond to Inc.'s request for further comment. Shares of CoreWeave remained flat on Wednesday, trading around $117 per share, as of late morning. Today's announcement tacks on yet another deal for CoreWeave who, five days ago, announced a new partnership with Anthropic to help deploy Claude models. The day before that, CoreWeave unveiled an expanded $21 billion partnership with Meta, one of its largest customers. It's a testament to how CoreWeave is making an active effort decrease customer concentration. (Its largest customer, Microsoft, comprised 67 percent of its total revenue in 2025, according to CoreWeave's latest annual report.) Max Hjelm, CoreWeave's senior vice president of revenue, said in a press statement that "Jane Street operates like a frontier lab." (And frontier labs are expected to be some of the major drivers of AI usage in the years to come.) Jane Street isn't just a trading firm, but a high-frequency trading firm-or those that use powerful technologies and algorithms to make rapid trading decisions in order to turn profits off of timing differences. In finance, that's known as arbitrage and, in Jane Street's case, such decisions can come down to mere milliseconds. Time is money, after all.

Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

Trading firm Jane Street has committed approximately $6 billion for CoreWeave's cloud services. This follows a $1 billion equity investment in CoreWeave, making Jane Street a significant shareholder. These deals highlight the immense demand for computing power driven by the rise of artificial intelligence. CoreWeave has also recently secured major agreements with Anthropic and Meta. Trading firm Jane Street has committed about $6 billion for CoreWeave's cloud services, marking the third multi-billion-dollar deal for the Nvidia-backed neocloud company in a ⁠week ⁠and underscoring surging demand for computing capacity as AI use rises. Jane Street also made a $1 billion equity investment in CoreWeave at a purchase price of $109 per ⁠share, representing a discount of 7% to CoreWeave's last closing price. The ⁠investment will bring Jane Street's position in CoreWeave to about $1.44 billion, according to LSEG data, making the firm the fifth-largest shareholder in the company. CoreWeave shares, which have surged nearly 64% so far this year, were down marginally in premarket trading. Last week, ⁠the company struck a multi-year deal with Claude-creator Anthropic to supply the AI company with computing capacity and also announced an expanded $21 billion deal with Meta.

Jane Street doubles down on CoreWeave as AI boom intensifies

Proprietary trading powerhouse Jane Street has finalized a deal worth approximately $6bn to secure cloud services from CoreWeave, a specialist in AI-dedicated infrastructure. Concurrently, the firm invested $1bn in equity at a price of $109 per share, representing a discount of roughly 7%. This transaction brings its total stake to nearly $1.44bn, positioning Jane Street as the group's fifth-largest shareholder. The agreement underscores the surging demand for AI-related computing power. CoreWeave, which counts Nvidia among its backers, has been securing a string of major contracts, notably with Anthropic and Meta -- the latter recently expanded to $21bn. So-called "neo-cloud" providers are capitalizing on this trend by offering infrastructure tailored to the escalating requirements of companies developing AI models. CoreWeave's valuation has now reached $61.61bn, up from $23bn at the time of its IPO, while its share price has climbed nearly 64% YTD, despite a recent slight pullback. To fuel its expansion, the company plans to invest between $30bn and $35bn in 2026, primarily in Nvidia chips and data centers, though this growth comes at the cost of a heavy debt load exceeding $14bn.