Prominent neocloud company Nebius (NBIS) has inked a billion-dollar agreement with Reflection AI to provide AI compute through 2029. Under the terms of the deal, Reflection AI will gain access to Nebius's capacity of Nvidia's (NVDA) GB300 chips. Although not the latest generation of Nvidia chips (that distinction belongs to the Rubin GPU), the GB300 is a high-performance system built on Blackwell Ultra GPU technology.
The deal would represent annual revenues of about $290 million throughout its tenure if spread evenly. Notably, this would be close to 55% of the company's total revenues in 2025.
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The deal would represent annual revenues of about $290 million throughout its tenure if spread evenly. Notably, this would be close to 55% of the company's total revenues in 2025.
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Oracle Stock Crashes to a 52-Week Low. Here's Why It Might Be Time to Buy.
Short Seller Hunterbrook Attacked Bloom Energy's Supply-Chain Claims. BE Stock Is Bruised, But Not Broken.
4 months ago
