Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

FILE PHOTO: A screen displays the company logo for CoreWeave, Inc., Nvidia-backed cloud services provider, during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid/File Photo

April 15 (Reuters) - Trading firm Jane ⁠Street has committed about $6 billion for CoreWeave's cloud services, marking the ⁠third major deal for the Nvidia-backed cloud company in a ‌week and underscoring surging demand for computing capacity.

Jane Street also made a $1 billion equity investment in CoreWeave at a purchase price of $109 per share, the companies said on Wednesday. That represents ​a discount of 7% to CoreWeave's last closing ⁠price.