CoreWeave signs multibillion-dollar AI cloud deal with Hudson River Trading

CoreWeave just landed another whale from Wall Street’s algorithmic trading world. The AI cloud infrastructure company has signed a multibillion-dollar, multi-year agreement with Hudson River Trading, one of the most prominent quantitative trading firms in the industry, to provide GPU compute capacity for trading research and model development. The deal expands an existing relationship between the two companies. CoreWeave Chief Revenue Officer Jon Jones described the agreement as a “significant expansion” of that partnership. Wall Street’s GPU arms race accelerates In April 2026, Jane Street committed $6 billion to CoreWeave’s cloud platform. Earlier in August, CoreWeave expanded its agreement with IMC, another major trading firm. Now HRT joins the roster. The HRT contract comes with a notable sweetener: early and broad access to Nvidia’s upcoming Vera Rubin chips. Why quant firms are bypassing traditional cloud providers CoreWeave, which trades on the Nasdaq under ticker CRWV, built its entire infrastructure around GPU-intensive workloads. Traditional cloud providers offer GPUs as one service among many. Jon Jones framed the HRT deal as evidence of growing demand among financial in...