Nebius Lands $1B Compute Deal With Reflection AI
DavidLinthicum · x · 2026-07-17
AI infrastructure provider Nebius has signed a multi-year agreement worth approximately $1 billion with Reflection AI, securing compute supply through 2029.
- Infrastructure Expansion: The agreement relies on Nvidia's latest GB300 chips. This marks Nebius's ability to compete at scale with cloud giants like Microsoft and Meta, firmly establishing it as a core compute provider.
- Financials: Nebius saw an 8x year-over-year revenue increase and has achieved positive operating cash flow. It currently holds $3.7 billion in cash with only $24.5 million in debt.
- Nvidia Backing: Nvidia owns an 8.3% stake in Nebius and provides early access to its cutting-edge hardware, highlighting a deeply integrated upstream-downstream relationship in the compute supply chain.
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