It alsorecently announcedplans to build its first GPU cluster in the US.

This strategic financing gives us additional firepower to do it faster and on a larger scale.

40% off TNW Conference!

Nvidia, Accel back Netherlands-based AI firm Nebius in $700M deal

It will also deploy additional capacity through colocation.

Nebius core product is an AI-centric cloud platform for intense AI workloads.

The deal is not about the GPUs,Volozh told Bloomberg.

Siôn Geschwindt

But, of course, it shows our close relationship, which we hope will influence our pipeline.

Investors are pouring huge sums of money into AI compute.

Story bySion Geschwindt

Sion is a freelance science and technology reporter, specialising in climate and energy.

Also tagged with