Nebius sells over $1 billion in computing power to AI startup Reflection AI

According to Bloomberg, cloud computing service provider Nebius Group announced that it has reached an agreement with artificial intelligence model development company Reflection AI to sell computing power worth over $1 billion.

According to statements from both parties, the agreement is valid until 2029, and Reflection AI will gain access to computing resources using NVIDIA GB300 AI chips to support its artificial intelligence model research and development.