Nebius to Provide Reflection AI With Over $1 Billion in Computing Power

Nebius Group NV has agreed to sell more than $1 billion in computing power to the artificial intelligence startup Reflection AI, the companies announced Tuesday. The deal, which runs through 2029, provides Reflection AI with crucial access to high-demand Nvidia Corp. GB300 AI chips.

Securing AI Infrastructure

This agreement marks a significant step for Reflection AI in securing the immense computational resources required to develop and train advanced AI models. The startup, founded by two former researchers from Google's DeepMind, is positioning itself as a major player in the rapidly expanding AI landscape.

The deal with Nebius is the second major computing power agreement for Reflection AI in recent months. In June, the company signed a separate multibillion-dollar deal with SpaceX to access the same Nvidia chip model, signaling an aggressive strategy to lock in infrastructure amid a global shortage.

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Market Context

Reflection AI, which counts Nvidia among its investors, has attracted significant market attention. According to The Wall Street Journal, the company has recently held discussions to raise $2.5 billion at a potential $25 billion valuation, underscoring strong investor confidence in its growth trajectory.

Nebius, based in Amsterdam, specializes in renting AI computing capacity. The company, which separated from Russian internet provider Yandex in 2024, serves a roster of major technology clients that includes Microsoft Corp. and Meta Platforms Inc. This deal further solidifies its role as a key infrastructure provider in the competitive AI sector.