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Nebius Powers AI Boom Amid $25B Cost | Raleigh News
Nebius Group just snagged a $1 billion AI contract with startup Reflection, signaling a feverish demand for AI computing power that’s outpacing supply. Backed by former Google DeepMind talent, Reflection aims to offer open-source AI alternatives. Nebius, already locked in multi-billion dollar deals with Microsoft and Meta—including a $27 billion five-year pact with Meta—is riding the AI cloud wave, with revenue nearly eightfold higher in Q1 than last year. The company’s contracted power now exceeds 3.5 gigawatts, with a new target of over 4 gigawatts by year-end. But scaling this…
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