Jane Street Secures $6B CoreWeave Cloud Deal and $1B Equity Stake to Power Next-Gen AI Trading
Summary
Jane Street strikes a $6 billion cloud computing deal with CoreWeave while securing a $1 billion equity stake, gaining exclusive access to NVIDIA's next-gen Vera Rubin architecture that promises 10x lower AI costs, positioning the $20.5 billion revenue trading giant at the cutting edge of AI-powered finance.
Key Points
- Jane Street, a quantitative trading firm that generated $20.5 billion in net trading revenue in 2024, signs a $6 billion AI cloud deal with CoreWeave and takes a $1 billion equity stake at $109 per share, making it one of CoreWeave's five largest shareholders.
- The agreement grants Jane Street access to NVIDIA's next-generation Vera Rubin compute architecture, which promises up to ten times lower cost per token than current Blackwell systems, giving the firm a potential edge in training and deploying advanced trading models.
- CoreWeave continues its rapid expansion, adding Jane Street to a growing roster of major clients that includes Meta ($35B), OpenAI ($12B), and NVIDIA ($6.3B in capacity commitments), with its stock now trading at nearly triple its March 2025 IPO price of $40 per share.