US quantitative trading firm Hudson River Trading has signed a multi-year, multibillion-dollar deal with CoreWeave for AI computing services to support trading research and models.

CoreWeave, a US cloud provider focused on AI workloads, said the agreement expands an existing partnership.

Hudson River Trading first became a client in March.

CoreWeave also said Hudson River Trading will be one of the first customers to get large-scale access to Nvidia’s Vera Rubin AI chips.

The deal supports CoreWeave’s push to broaden its customer base beyond technology companies and AI labs, with a focus on financial firms.

US quantitative trading firm Jane Street, Hudson River Trading’s largest competitor, has also agreed to spend US$6 billion on CoreWeave capacity and took a US$1 billion equity stake in the company.

In June, CoreWeave closed a US$2.6 billion loan facility to expand financing flexibility for AI infrastructure.

🔗 Source: Bloomberg

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