Quant trading firm Jane Street signs $6B AI cloud deal with CoreWeave, makes $1B equity investment

Quantitative trading firm Jane Street has committed to $6 billion in AI cloud capacity from CoreWeave, with the deal also including a $1 billion equity investment in the cloud provider. The agreement will provide Jane Street with access to Nvidia Vera Rubin hardware across multiple CoreWeave facilities, though no specific timeline for the capacity deployment has been disclosed. In addition to the $6 billion capacity commitment, Jane Street is investing $1 billion in CoreWeave through Class A common stock at $109 per share. Jane Street described the partnership as supporting its research in global financial markets, which involves training large, complex models on massive volumes of data and deploying them at scale. The company said access to CoreWeave's AI cloud platform enables its researchers to move at the competitive pace required in financial markets. CoreWeave's senior vice president of revenue, Max Hjelm, noted that Jane Street operates like a frontier lab, continually advancing deep learning and pushing the scale of its models. The cloud provider said its infrastructure was built to support such demanding workloads. Beyond its trading operations, Jane Street has previously invested in CoreWeave, leading a $650 million funding round for the company in 2024. The quantitative firm also holds investments in AI chip startup MatX, small modular reactor company X-energy, and AI developer Anthropic. This marks the third major contract CoreWeave has announced this month, following multi-billion-dollar agreements with Anthropic and Meta.