Nvidia to invest USD2b in neocloud provider Nebius
Make us a preferred source
Make us a preferred source on Google
The news: Nvidia said it will invest USD2 billion ($2.8 billion) into AI cloud company Nebius as the companies partner to develop and deploy AI data centres.
The numbers: In a statement released Wednesday, the companies said that the collaboration will see Nebius deploy more than 5 gigawatts of Nvidia systems by the end of 2030.
The context: The partnership build on the Amsterdam-based Nebius’ existing use of Nvidia infrastructure and bolster its adoption of Nvidia’s latest generation of chips.
Nebius explained that the collaboration will see it build “inference and agentic AI” software, as it builds “one of the first and largest cloud for all AI builders everywhere.”
Nvidia’s funding is similar to its USD2 billion investment into Nebius rival, CoreWeave, announced in January this year. The news is hot on the heels of Nvidia’s plans to invest in and supply AI chips to AI startup Thinking Machines Lab announced on Tuesday.
What they said: Jensen Huang, founder and CEO of Nvidia said in a statement: “Nebius is building an AI cloud designed for the agentic era, fully integrated from silicon to software and powered by NVIDIA’s next-generation accelerated compute. Together, we are scaling the cloud to meet the surging global demand for intelligence.”
The source: Nvidia Nebius statement
