CoreWeave Inc. (NASDAQ:CRWV) has landed a multibillion-dollar agreement with Hudson River Trading, intensifying Wall Street’s race for the newest AI chips from Nvidia Corp. (NASDAQ:NVDA).
The multiyear deal gives Hudson River access to Nvidia’s Vera Rubin and B200 systems, according to a company announcement Thursday. CoreWeave Chief Revenue Officer Jon Jones called the deal “a material expansion” of an existing partnership in an interview with Bloomberg.
The agreement follows rival Jane Street’s $6 billion commitment to CoreWeave’s AI cloud and separate $1 billion investment in the company.
Wall Street’s AI Arms Race
Hudson River uses AI computing power to train trading models, test strategies and search vast datasets for profitable patterns.
