Jane Street said it needs GPU-based computing power to keep its trading and research operations competitive amid growing adoption of AI.
CoreWeave, a publicly traded AI cloud infrastructure company, announced on Wednesday a $6 billion deal with quantitative trading firm Jane Street, in which the firm will use CoreWeave’s AI cloud computing infrastructure to power its trading and research operations.
Under the agreement, CoreWeave will provide Jane Street with compute from multiple data center facilities, the company's announcement said.
Jane Street also purchased $1 billion in CoreWeave Class A Common stock at $109 per share, according to CoreWeave.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments