Trading firm Jane Street takes an additional $1B stake in CoreWeave and plans to spend ~$6B to access CoreWeave's Nvidia Vera Rubin chips to build and deploy AI
Bloomberg
Related Coverage
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Discussion
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@firstadopter
Tae Kim
on x
HFT biz must be going good “Jane Street Signs $6 Billion AI Cloud Agreement With CoreWeave” [image]
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@kakashiii111
@kakashiii111
on x
CoreWeave is the most important Nvidia independent SPV and has become almost too big to fail, and could create a domino effect across all the other [SPV] neoclouds. Therefore, Nvidia is working overtime brokering clients and helping with financing, brokering banks and lenders,
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@negligible_cap
@negligible_cap
on x
*JANE STREET INVESTS $1 BILLION IN COREWEAVE, UPS SPENDING PLANS Jane Street's dumping money into $CRWV to gain access to $NVDA Vera Rubin chips set to come out this year [image]
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@marypcbuk
Mary Branscombe
on bluesky
That's a classic Azure deal (buy some Azure services/launch your own product on Azure marketplace) and lots of Coreweave leadership are ex Microsoft; they don't have a marketplace so taking a stake is the closest equivalent [embedded post]
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r/quant
r
on reddit
Jane Street Signs $6 Billion AI Cloud Agreement with CoreWeave