AI startup Reflection signs over $1 billion computing deal with Nebius

AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia’s latest chips.

The move builds on Reflection’s June agreement ‌with SpaceX ⁠for computing ⁠capacity, a deal that media reports said would see the startup pay about $150 million a month through 2029.

AI startups are racing to lock in the computing power needed to train and run their models as demand growth ⁠from businesses ‌adopting the technology outpaces new data-center supply.