Reflection inks $1B compute deal with Nebius
Summary
Reflection AI, a U.S.-based startup focused on open models, has entered into a $1 billion agreement with European AI infrastructure provider Nebius. This partnership grants Reflection access to advanced Nvidia chips, helping the company scale its model development. The deal highlights the intense industry demand for computing power as firms seek to secure infrastructure amid rising concerns regarding government regulations and potential restrictions on closed-source AI access. Founded in 2024 by former Google DeepMind researchers, Reflection is currently valued at $8 billion and is backed by major investors such as Nvidia, Sequoia Capital, and Lightspeed Venture Partners.
(Source:TechCrunch)