Reflection AI secures $1B computing power deal with Nebius for Nvidia's latest chips

Reflection inks $1B compute deal with Nebius

Reflection AI, a U.S. startup vying to develop open models, has signed a $1 billion compute deal with European AI infrastructure company, Nebius. Nebius, formerly the international arm of Russian tech giant Yandex, will provide Reflection access to Nvidia's latest chips. The deal comes just a few weeks after the startup signed a similar deal to access SpaceX's computing resources, and mirrors several partnerships by AI firms as they race to secure compute for training and deploying their models. Along with its increasingly capable Chinese counterparts, Reflection is one of several open-weight AI model developers that have received ample attention lately as debate rages over the value of top-shelf, closed-source AI models -- especially with data retention concerns surging up, as well as government intervention. Just last month, the Trump administration pressured Anthropic and OpenAI to restrict their most powerful new models, raising concerns that access to AI models could be taken away overnight. That, plus the release of more capable open models from China, has led to an increase in mainstream interest in open source AI. Reflection, currently valued at $8 billion, was founded in 2024 by two former Google DeepMind researchers. It has already raised close to $2.6 billion in funding from backers including Nvidia, Sequoia Capital, and Lightspeed Venture Partners. Shortly after securing a $2 billion investment from Nvidia, Nebius signed a five-year infrastructure deal with Meta worth up to $27 billion. Last year, Nebius signed a multi-year deal with Microsoft worth up to $19.4 billion. TechCrunch has reached out to Reflection and Nebius for more information.

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

July 14 (Reuters) - AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius (NBIS.O), opens new tab, 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. Reflection, launched by two former Google DeepMind researchers, develops open-source models that serve as an alternative to the offerings from OpenAI and Anthropic. Open-source models, typically ⁠easier to customize and cheaper to run than closed-weight rivals, have drawn growing interest as rising AI bills push businesses to cut costs. Last month's U.S. curbs on ⁠Anthropic's advanced models also exposed the risks of relying on providers that can be cut off overnight. "The need for ⁠open models is clear, and this additional compute capacity will allow Reflection to continue to build ⁠and train frontier AI models at scale," said Reflection's chief technology officer and co-founder, Ioannis Antonoglou. Reporting by Aditya Soni in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles., opens new tab

Nebius to sell over $1B in computing power to Reflection AI By Investing.com

Investing.com -- Nebius Group NV has agreed to sell more than $1 billion worth of computing power to Reflection AI through 2029, the companies said Tuesday. The deal provides Reflection AI access to Nvidia Corp. GB300 AI chips. Reflection AI was launched by two former Google DeepMind researchers and develops artificial intelligence models. Last month, Reflection AI signed a multibillion-dollar agreement with SpaceX to access the same chip model. The company is backed by Nvidia and other investors. The Wall Street Journal reported that Reflection AI has held discussions to raise $2.5 billion at a $25 billion valuation. Nebius, based in Amsterdam, split from Russian internet provider Yandex in 2024. The company rents AI computing capacity and has existing agreements with Microsoft Corp. and Meta Platforms Inc.. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Nebius Reportedly Selling Over $1 Billion Worth of Computing Power to Reflection AI

Nebius Group NV is a Netherlands-based infrastructure company operating in the technology industry. The Company is engaged in developing a portfolio of artificial intelligence-related technology assets. It is involved in creating an artificial intelligence-centric player to integrate the essential elements of artificial intelligence development with infrastructure, data and advisory globally. It offers products and services such as a cloud platform for artificial intelligence-related workloads, development team services for autonomous vehicles, development of generative artificial intelligence. Nebius builds full-stack infrastructure to service the growth of the global AI industry, including GPU clusters, cloud platforms and tools and services for developers. Company is developing three other businesses that operate under their own brands: Toloka AI, TripleTen and Avride.