Microsoft signs $19.4 billion deal with Nebius for AI computing power
Microsoft has signed a deal with neocloud company Nebius Group NV worth up to $19.4 billion, reports Bloomberg. As per the report, the deal is aimed to secure computing power for its internal AI projects and consumer AI assistant. The report quotes people familiar with the matter who said that Microsoft will gain access to more than 100,000 of Nvidia’s latest GB300 chips under the agreement.
The deal comes as Microsoft looks to tackle a global shortage of data center capacity needed for AI training. By using Nebius and other neocloud providers, Microsoft can free up its own servers to deliver more AI services to customers.
