Nebius, which was turned out of the Russian internet giant Yandex, offers graphics processing units or GPUs for the training of artificial intelligence models.
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Infrastructure artists artificial intelligence NEBIUS group On Tuesday in the US Premarket trade on Tuesday after the announcement of a multi-billion dollar contract with the company with the company Microsoft.
Nebius’ share rose by 51% at 10:39 a.m. London time (05:39 a.m.
The company based in Amsterdam announced that it had concluded a multi-year contract with Microsoft worth $ 19.4 billion in order to provide cloud computing stream for AI workloads. Nebius, which was turned out of the Russian internet giant Yandex in 2023, offers graphics processing units – or GPUs – for training models.
The deal will have a value of 17.4 billion US dollars by 2031 to 2031, which counts Nvidia and Accel as investors. Microsoft can also acquire an additional computing capacity as part of the arrangement.
The NEBIUS shares rose by 60% on Monday in extended trade and continued to rise on Tuesday because investors were excited about the business. The news also increased the shares of the competing AI infrastructure company CoreweaveWhat has increased by 6.6% in the Premarket trade.
The NEBIUS Microsoft Pact suggests that the demand for powerful computer devices that are required for training and carrying out advanced AI systems are still strong.
Last month, Nvidia, the largest player in the area of AI infrastructure, reported better than the expected profits and sales for three months to June and expects sales growth to remain over 50%for the current quarter, since the demand for AI chips will continue to be in demand.
Colette Kress, Chief Financial Officer from NVIDIA, said in the company’s profits at the time of time that it was expected to expect between 3 trillion US dollars and 4 trillion dollars for AI infrastructure expenditure by the end of the decade.
The markets were dropped last month after the Openai CEO Sam Altman and a number of experts and analysts had expressed concerns that the AI market could be in a bladder.
The reviews of private AI companies have increased in the past three years. Openai is to achieve an assessment of 500 billion US dollars, while Anthropic secured a funding round of $ 13 billion in the past week with an assessment of $ 183 billion.
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