TechFlow News, April 16: According to Cointelegraph, publicly listed AI cloud infrastructure company CoreWeave announced a $6 billion agreement with quantitative trading firm Jane Street to provide AI cloud computing services across multiple data centers, supporting Jane Street’s trading and research operations. Per the announcement, Jane Street also purchased $1 billion worth of CoreWeave’s Class A common stock at $109 per share.
CoreWeave transitioned from cryptocurrency mining to an AI cloud computing infrastructure company as early as 2019 and has since established itself as a leader in the “new cloud computing” space.
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