Quantitative Trading Giant Jane Street Inks $6 Billion AI Cloud Deal with CoreWeave, Makes $1 Billion Equity Investment
April 16, 2026
The race for advanced artificial intelligence computing capacity is intensifying, with major financial institutions now emerging as some of the most aggressive buyers. In a landmark deal underscoring this trend, quantitative trading firm Jane Street has committed to a $6 billion agreement with specialized cloud provider CoreWeave to secure critical AI infrastructure, while also making a separate $1 billion equity investment in the company.
The comprehensive agreement grants Jane Street access to CoreWeave's AI cloud platform across multiple data center facilities, including capacity powered by Nvidia's next-generation Vera Rubin hardware. This massive commitment highlights the scale of compute required by leading quantitative firms, which train and deploy increasingly complex models on vast datasets to gain an edge in global financial markets. The equity investment component involves the purchase of Class A common stock in CoreWeave at $109 per share.
In a statement, Jane Street emphasized the strategic importance of the deal, stating, "We are deeply committed to investing in cutting-edge technologies that support our research in global financial markets, training large, complex models on massive volumes of noisy data, refining them continuously, and deploying at a scale to help make markets more efficient. Access to CoreWeave’s leading AI cloud platform enables our researchers to move at the pace our competitive business demands."
CoreWeave, which has positioned itself as a cloud provider built specifically for large-scale AI workloads, welcomed the expanded partnership. Max Hjelm, senior vice president of revenue at CoreWeave, noted, "Jane Street operates like a frontier lab, continually breaking new ground in deep learning and pushing the scale and complexity of their models. CoreWeave was built for this purpose, and we’re excited to expand our collaboration with Jane Street."
The deal marks the third multi-billion-dollar contract announced by CoreWeave this month alone, following similar agreements with AI company Anthropic and tech giant Meta. For Jane Street, this move represents a significant external infrastructure commitment, complementing its own private data center operations. The firm is currently recruiting data center engineers with experience in multi-megawatt GPU deployments across key global hubs including New York, Chicago, London, Hong Kong, Singapore, and Mumbai. The partnership builds on a prior relationship, as Jane Street previously led a $650 million funding round for CoreWeave in 2024.
This transaction signals a broader convergence of high-performance computing, AI, and finance. It demonstrates how quantitative trading firms, which have long been at the forefront of algorithmic innovation, are now making capital-intensive, long-term bets on specialized cloud infrastructure to fuel the next generation of their models, potentially reshaping competitive dynamics within both the financial services and cloud infrastructure sectors.
Source: datacenterdynamics
