Jane Street Signs $60 Billion AI Cloud Deal with CoreWeave, Invests $1 Billion to Become Fifth-Largest Shareholder
2026-04-16 10:14
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en.Wedoany.com Reported - CoreWeave and Jane Street announced on April 15, 2026, that Jane Street has committed approximately $60 billion to utilize CoreWeave's artificial intelligence cloud platform. Under this new agreement, CoreWeave will provide Jane Street with next-generation computing resources across multiple data centers, including the NVIDIA Vera Rubin platform and the software and services required to deploy and scale AI solutions. Simultaneously, Jane Street invested $1 billion to purchase Class A common stock of CoreWeave at $109 per share, a 7% discount to CoreWeave's previous closing price. Jane Street's holdings in CoreWeave will reach approximately $1.44 billion, making it the company's fifth-largest shareholder.

Jane Street is a global technology-driven quantitative trading firm founded in 2000, with over 3,500 employees across five offices in New York, London, Hong Kong, Singapore, and Amsterdam. Jane Street's R&D team has deployed tens of thousands of high-end GPUs to build neural network models supporting trading strategies in global financial markets, processing massive amounts of market data in real-time. In a statement, Jane Street stated that the company is committed to investing in cutting-edge technologies to support its research in global financial markets, training large, complex models on vast amounts of noisy data, continuously optimizing and deploying them at scale to help markets operate more efficiently. Access to CoreWeave's leading AI cloud platform enables researchers to advance their work at the speed required for competitive operations. Max Hjelm, Senior Vice President of Revenue at CoreWeave, stated that Jane Street operates like a frontier lab, constantly pioneering new directions in deep learning and increasing model scale and complexity.

Vera Rubin is the next-generation AI supercomputing platform officially launched by NVIDIA at the GTC conference in March 2026. It consists of seven new chips, including the Vera CPU, Rubin GPU, NVLink 6 switch, ConnectX-9 SuperNIC, BlueField-4 DPU, Spectrum-6 Ethernet switch, and Groq 3 LPU, and is now in full production. The platform's NVL72 rack connects 72 Rubin GPUs and 36 Vera CPUs via NVLink 6. Compared to the previous-generation Blackwell platform, it requires only a quarter of the GPUs to complete Mixture of Experts (MoE) large model training, delivers a 10x improvement in inference throughput per watt, and reduces the cost per token to one-tenth. NVIDIA founder and CEO Jensen Huang stated that Vera Rubin represents a generational leap, marking the beginning of the largest infrastructure buildout in history.

CoreWeave has signed three major deals intensively this week. On April 10, the company announced an expansion of its cooperation agreement with Meta to $21 billion, extending the partnership until 2032. On April 11, CoreWeave announced a multi-year collaboration with Anthropic to provide computing power support for deploying its Claude series models. Jane Street's $60 billion deal becomes the third multi-billion-dollar partnership announced by CoreWeave in the past week. Furthermore, CoreWeave had previously signed an approximately $22.4 billion cooperation agreement with OpenAI and a $6.3 billion computing capacity agreement with NVIDIA. Its cumulative backlog of contracts to be fulfilled is approximately $66.8 billion, with the weighted average contract term now extended to about five years. In 2025, CoreWeave's revenue reached $5.13 billion, a year-on-year increase of approximately 134%, with Microsoft accounting for about 67% of its total revenue.

CoreWeave plans capital expenditures between $30 billion and $35 billion in 2026, primarily for purchasing NVIDIA chips, building data centers, and securing power supply. Its current total debt exceeds $14 billion. The company went public on Nasdaq in March 2025 and currently has a market capitalization of approximately $61.6 billion, significantly higher than its IPO valuation of around $23 billion. Jane Street's involvement significantly improves CoreWeave's customer concentration risk and also signals that financial institutions' bets on AI computing infrastructure are accelerating. Jane Street's net trading revenue for the full year 2024 reached $20.5 billion, and its revenue for the first nine months of 2025 exceeded $24 billion, providing ample financial support for this investment. The agreement covers both computing resource leasing and product services to help Jane Street develop and deploy AI software, indicating that CoreWeave's business model is extending from pure computing power rental to comprehensive AI technology services.

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