CoreWeave has secured a $6 billion cloud services agreement with Jane Street, alongside a $1 billion equity investment, marking its third major deal in a week as demand for AI computing capacity accelerates. The investment gives Jane Street a stake worth about $1.44 billion, making it one of CoreWeave’s largest shareholders.
The agreement follows a series of high-profile partnerships, including an expanded $21 billion infrastructure deal with Meta and a multi-year contract with Anthropic to support deployment of its Claude AI models. These deals underscore CoreWeave’s growing role as a key provider of GPU-powered cloud infrastructure for AI development.
CoreWeave’s rise reflects broader momentum among so-called “neocloud” providers, which offer specialized compute capacity built around Nvidia chips. Its close relationship with Nvidia has helped position the company as a critical supplier to AI firms racing to scale models and services. The company’s market valuation has climbed to over $60 billion, up sharply since its public debut last year.
To meet demand, CoreWeave plans to spend between $30 billion and $35 billion on capital expenditures this year, more than doubling its 2025 outlay. The investment will fund data center expansion, chip procurement, and energy infrastructure, though it comes alongside rising debt levels exceeding $14 billion.
The wave of deals highlights intensifying competition for AI compute, as companies lock in long-term capacity to support increasingly resource-intensive models.
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