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AI Startup Reflection Signs $1bn Capacity Agreement with Nebius
The deal adds access to Nvidia’s latest chips as Reflection expands its open-source models and builds on a June SpaceX compute agreement.
- On Tuesday, AI startup Reflection signed a $1 billion deal to secure computing capacity from European AI infrastructure company Nebius, including access to Nvidia's latest chips.
- AI startups are aggressively locking in computing power as demand outpaces supply; Reflection, valued at $8 billion, develops open-source models as an alternative to proprietary systems from OpenAI and Anthropic.
- This contract follows Reflection's June agreement with SpaceX for a $6.3 billion compute capacity deal at the Colossus 2 data center in Memphis, Tennessee.
- Recent U.S. government pressure on Anthropic and OpenAI to restrict models exposed dependency risks for firms relying on providers that can be cut off overnight.
- "The need for open models is clear, and this additional compute capacity will allow Reflection to continue to build and train frontier AI models at scale," said Reflection's chief technology officer and co-founder, Ioannis Antonoglou.
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Nebius to Sell $1 Billion in AI Capacity to Reflection
Cloud provider Nebius Group NV agreed to sell more than $1 billion worth of computing power to Reflection AI, a developer of artificial intelligence models that was launched by two former Google DeepMind researchers.
·New York, United States
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AI startup Reflection signs over $1 billion computing deal with Nebius
·London, United Kingdom
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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