U.S. AI startup Reflection AI has signed a $1 billion compute deal with European infrastructure company Nebius, which will give Reflection access to Nvidia’s latest chips. Nebius, formerly the international arm of Russian tech giant Yandex, joins a growing list of infrastructure partners racing to supply compute to AI labs building and training large models.
The agreement follows a similar deal Reflection struck with SpaceX for computing resources just weeks earlier, reflecting an industry-wide scramble among AI companies to lock in training and deployment capacity. Reflection is among several open-weight model developers, alongside Chinese competitors, drawing increased attention as debate grows over the merits of closed-source AI, fueled partly by rising data retention concerns and recent government pressure on Anthropic and OpenAI to limit their most powerful models.
Founded in 2024 by two former Google DeepMind researchers, Reflection is currently valued at $8 billion and has raised roughly $2.6 billion from backers including Nvidia, Sequoia Capital, and Lightspeed Venture Partners.
Nebius has been expanding aggressively, having recently secured a $2 billion investment from Nvidia and signed major infrastructure agreements with Meta and Microsoft. Both Reflection and Nebius have been contacted for further comment.
