tech
April 15, 2026
Jane Street Signs $6 Billion AI Cloud Deal with CoreWeave, Invests $1 Billion in Equity
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).
TL;DR
- Jane Street signed a $6 billion AI cloud agreement with CoreWeave.
- Jane Street invested $1 billion in CoreWeave equity at $109 per share.
- The investment makes Jane Street one of CoreWeave's five largest shareholders.
- The deal provides Jane Street access to NVIDIA's next-generation Vera Rubin compute.
- CoreWeave has existing large contracts with Meta ($35B) and OpenAI ($12B).
- Jane Street is a research-driven trading firm that already uses significant GPU infrastructure.
- CoreWeave specializes in AI workloads, differentiating itself from hyperscale cloud providers.
- NVIDIA's Vera Rubin technology promises significantly lower cost per token.
- Jane Street's investment aligns its financial interests with CoreWeave's infrastructure buildout.
- The concentration of AI spending is reshaping the infrastructure market.
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