Jane Street signs $13bn five-year AI cloud deal with Crusoe

Jane Street, a proprietary trading firm, has signed a $13 billion five-year AI cloud contract with Crusoe, a data center company, securing extensive AI chip clusters and infrastructure. This deal, alongside a $6 billion contract with CoreWeave, marks Jane Street as a major AI compute consumer, surpassing many model developers. Crusoe benefits from this commitment amid its $3 billion fundraising efforts, using the contract as collateral for chip loans.