AI startup Reflection AI has signed a deal worth over $1 billion with cloud provider Nebius to secure computing power through 2029. The agreement gives Reflection, founded by ex-Google researchers, access to Nvidia's latest GB300 chips to train its open-source models. This move comes amid a fierce race for AI compute and growing interest in open-source alternatives to closed models from firms like OpenAI and Anthropic.
Reflection-Nebius compute deal
- ▪The deal provides Reflection AI with access to Nvidia Corp.'s latest GB300 AI chips
- ▪This agreement follows a June deal where Reflection AI secured computing capacity from SpaceX
- ▪AI startup Reflection AI signed a deal with cloud provider Nebius Group NV for more than $1 billion in computing capacity
- ▪The computing agreement between Reflection AI and Nebius runs through 2029
Open-source AI model competition
- ▪Interest in open-source models has grown due to their customizability, lower cost, and concerns over government restrictions on closed-source providers
- ▪The Trump administration pressured Anthropic and OpenAI in June 2026 to restrict their most powerful models
- ▪Demand for computing power from AI companies is currently outpacing the supply of new data centers
- ▪Reflection AI develops open-source models as an alternative to closed-source offerings from companies like OpenAI and Anthropic
Reflection AI company profile
- ▪Reflection AI is valued at $8 billion and has raised nearly $2.6 billion from investors including Nvidia and Sequoia Capital
- ▪Reflection AI was founded in 2024 by two former researchers from Google DeepMind
Nebius infrastructure partnerships
- ▪Nebius previously signed a five-year, $27 billion infrastructure deal with Meta and a multi-year, $19.4 billion deal with Microsoft
- ▪Nebius is a European AI infrastructure company that was formerly the international division of Russian tech company Yandex
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