Microsoft announces multi-billion dollar AI infrastructure deal with data center company Nebius

Nebius Group N.V. and Microsoft Sign $19.4 Billion Deal for Data Center Capacity

Nebius Group N.V., a company spun off from the Russian tech giant Yandex, has recently entered into a groundbreaking agreement with Microsoft. The deal, valued at up to $19.4 billion, will see Nebius providing computing power and data center capacity to Microsoft.

• As part of the agreement, Nebius will be delivering dedicated GPU infrastructure capacity to Microsoft from its state-of-the-art data center located in New Jersey. This collaboration is set to commence later this year, as confirmed by a recent press release and SEC filing.
• The deal, which was first reported by Bloomberg, is set to run through 2031. This long-term partnership highlights the strategic importance of the collaboration between Nebius and Microsoft in the rapidly evolving technology landscape.
• Microsoft’s decision to partner with Nebius underscores its commitment to expanding its cloud and AI capacity. The tech giant announced in July its plans to invest over $30 billion in capital expenditures in the current quarter, marking a significant milestone in its growth trajectory.