Nebius Group NV Secures Multi-Billion Dollar AI Infrastructure Deal with Microsoft
Nebius Group NV, a leading AI infrastructure company, has secured a multi-billion dollar agreement with Microsoft to provide dedicated capacity from a new data center in Vineland, New Jersey. The deal is valued at $17.4 billion over a five-year term, with the potential to increase to $19.4 billion through 2031. This partnership aims to accelerate Nebius' AI cloud business growth and secure long-term contracts with leading AI labs and tech companies. CEO Arkady Volozh expressed confidence in the deal's success and future prospects.