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

Synopsis

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.

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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.

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