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Reflection signs more than $1 billion Nebius compute deal

Reflection signs more than $1 billion Nebius compute deal

The agreement runs through 2029, gives Reflection access to Nvidia GB300-powered Nebius infrastructure, and comes as Nebius expands AI cloud capacity amid persistent GPU supply constraints.

Fact Check
Every element of the claim is corroborated. Bloomberg, Investing.com, and Yahoo Finance all report the July 14, 2026 deal in which Nebius agreed to sell more than $1 billion in computing capacity to Reflection through 2029 using Nvidia GB300 chips. The separate detail about Reflection discussing a $2.5 billion raise at a $25 billion valuation is confirmed by the WSJ/Reuters reporting from March 2026 (via Yahoo Finance). No conflicting evidence was found.
Summary

Reflection has signed a multi-year deal worth more than $1 billion with Nebius Group for AI computing capacity through 2029, securing access to Nebius infrastructure using Nvidia GB300 chips for AI model development. The agreement adds to Reflection's earlier multi-billion dollar chip acquisition deal with SpaceX and comes as the startup pursues a reported $2.5 billion fundraising at a $25 billion valuation. The deal also highlights Nebius's broader push as an AI-focused cloud provider at a time when startups are seeking alternatives to larger hyperscalers amid reported GPU shortages. Nebius, which spun off from Yandex in 2024, has said it partnered with Nvidia on March 11, 2026, to deploy more than 5 gigawatts of Nvidia systems by the end of 2030 and is investing about $2.3 billion to build UK-based capacity targeting 65 megawatts by 2027 using Nvidia Blackwell Ultra infrastructure.

Terms & Concepts
  • AI compute power: Specialized processing capacity and infrastructure used to train and run artificial intelligence models
  • Nvidia GB300 chips: High-end Nvidia processors designed for demanding AI workloads
  • GPU shortages: Limited supply of graphics chips used for AI computing