Jane Street Invests $1 Billion in CoreWeave, Boosts Spending Plans

Jane Street Group, a trading firm, has taken an additional $1 billion stake in AI cloud services provider CoreWeave Inc. and plans to spend about $6 billion on the company’s technology offerings.

Jane Street paid $109 a share to acquire CoreWeave Class A common stock as part of the deal, according to a statement Wednesday. The agreement will give Jane Street access to Nvidia Corp.’s Vera Rubin chips — set to come out this year — running in multiple CoreWeave data centers. The firm will also pay CoreWeave for products to help it develop and deploy its own AI software.