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CoreWeave will provide AI cloud computing services to Jane Street and has reached a $6 billion agreement with them.
Mars Finance reports that, according to Cointelegraph, publicly traded AI cloud infrastructure company CoreWeave announced a $6 billion deal with quantitative trading firm Jane Street, which will provide AI cloud computing services through multiple data centers to support its trading and research operations.
According to the announcement, Jane Street also purchased $1 billion worth of CoreWeave Class A common stock at a price of $109 per share.
CoreWeave, which transitioned from a cryptocurrency mining business to an AI cloud computing infrastructure company as early as 2019, has established a leading position in the “new cloud computing” sector.