- Nebius will provide AI infrastructure to Microsoft by 2031
- New Jersey Data Center will be the first project in the partnership
- The agreement is worth $ 17.4 billion – could reach $ 19.4 billion
The old spin-off of Yandex Nebius, now whose headquarters are in Amsterdam, has signed a multi-year agreement with Microsoft to deliver an AI infrastructure to the technology giant.
The contract, worth 17.4 billion dollars until 2031, will later start this year with the construction of a new data center in Vineland, New Jersey.
The announcement was supplemented by a 6 k depot, revealing that the agreement could reach $ 19.4 billion if Microsoft decides to acquire additional services and / or capacities.
Microsoft concludes an agreement of several billion dollars with Nebius
The founder and CEO of Nebius, Arkady Volozh, said that Microsoft’s agreement marks the first of a certain number of “important long -term contracts with the main AI laboratories and large companies”.
Volozh also noted that Nebius expects the agreement to help “accelerate the growth of [its] Ai Cloud Business even further in 2026 and beyond “, noting that the company” is ” [already] Close exceptionally well. “”
Supporting this was the 50% increase in shares two days after the announcement, following an increase in prolonged negotiation of 60% on the day of the announcement. Nebius’ shares are currently estimated at $ 95.72, compared to $ 64.19 before the announcement.
Nebius posted an increase of 625% of one year over the other and an increase of 106% of a quarter in the income district to $ 105.1 million in the second quarter, assigning growth to a high demand for AI infrastructure such as calculation, software and services.
This increased by $ 55.3 million in income from the first quarter.
Its Microsoft agreement will be funded in part by cash flows from the agreement, and partly by short -term loans that have experienced “improved” terms thanks to Microsoft’s solid support.
Microsoft did not publicly comment on the agreement.
In addition to Microsoft, Nebius has already received investments from other technology chiefs, including Nvidia and Accel.
For the future, NVIDIA’s financial director Colette Kress expects the infrastructure of IA to reach $ 3 to 4 billion by 2030.
Techradar Pro contacted Microsoft for his point of view on the agreement. Any update will be published here.
