Jane Street Capital has invested $1 billion in AI infrastructure company CoreWeave and signed a $6 billion cloud services agreement, according to sources familiar with the matter. The deal represents one of the largest private investments in AI compute infrastructure to date.
CoreWeave, founded in 2017 as an Ethereum mining operation, has pivoted to become a specialized provider of cloud computing services for AI workloads. The company operates data centers equipped with Nvidia’s latest GPUs, which are in high demand for training large language models.
“This partnership reflects the growing recognition that AI compute is becoming a strategic asset class,” said a financial analyst at a major investment bank who asked not to be named. “Wall Street firms are positioning themselves to both profit from and participate in the AI infrastructure boom.”
The agreement comes amid soaring demand for AI-optimized computing power. Industry analysts estimate the global market for AI cloud services could exceed $300 billion by 2027. CoreWeave has reportedly been in talks with multiple financial institutions about similar arrangements.
Some experts caution that the rapid expansion of AI infrastructure investments may outpace actual demand. “We’re seeing speculative positioning in what remains a nascent market,” noted a technology analyst at a research firm. “While the long-term potential is real, current valuations assume near-perfect execution and adoption curves.”