Nebius Group and Microsoft Finalize AI Infrastructure Deal
The multiyear agreement, valued at up to $19.4 billion, will see Nebius supply Microsoft with GPU-based neocloud infrastructure starting later this year.
Law firm Morgan Lewis announced on Sep 15, 2025, that it had advised Nebius Group N.V. on a major artificial intelligence infrastructure agreement with Microsoft. The multiyear deal is valued at up to $19.4 billion and represents a significant capital commitment to the hardware layer of the AI ecosystem. The transaction underscores the immense and ongoing cost of acquiring the computational power necessary to train and operate frontier AI models.
Agreement Details
Under the terms of the agreement, Nebius will deliver GPU-based neocloud infrastructure to Microsoft. Nebius is scheduled to begin providing dedicated capacity to Microsoft later in 2025 …
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