buttonMicrosoft Signs Up to $19.4B AI Cloud Deal with Nebius
Microsoft inks a massive multi-year agreement (worth up to $19.4B) with Nebius for GPU-based AI cloud infrastructure, signaling a major boost in AI computing capacity.
Microsoft has entered into a multi-year agreement with Nebius Group NV to lease GPU-powered AI cloud infrastructure. The deal is valued between $17.4 billion and $19.4 billion over five years, depending on demand. Nebius will provide computing capacity from its new data center in New Jersey, enabling Microsoft to meet the surging demand for AI workloads.
This move underscores Microsoft’s aggressive strategy to scale its cloud and AI infrastructure as competition in the sector intensifies. It also signals the rise of “neocloud” providers like Nebius, who are positioning themselves as alternative suppliers to traditional hyperscalers. Following the announcement, Nebius’ shares surged by more than 47%, reflecting investor optimism about the growing AI cloud market.