CoreWeave reaches a $60 billion deal with Jane Street to expand into AI quantitative trading.

Techub News reports, according to DL News, AI cloud infrastructure service provider CoreWeave has entered into a deep cooperation agreement worth $60 billion with Jane Street. CoreWeave will leverage its high-performance GPU computing resources distributed across multiple data centers to provide AI cloud computing support for Jane Street's high-frequency trading algorithms and complex research operations. In addition to the business cooperation, Jane Street has further increased its stake by subscribing to $1 billion worth of CoreWeave Class A common shares. The equity transaction price for this share purchase is set at $109 per share, representing a discount of approximately 7% compared to CoreWeave's recent closing price. Upon completion of this stake increase, Jane Street's total shareholding value in CoreWeave will reach approximately $1.44 billion, making it the company's fifth-largest shareholder.

This agreement marks the third major deal secured by CoreWeave within a week. Previously, the company had just signed a multi-year computing power supply agreement with Anthropic and reached a cooperation expansion worth $21 billion with Meta.