Reflection AI signs $1 billion compute deal with Nebius

Jul 14, 2026

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.