"The Amsterdam-based GPU costermonger is owned by Dutch parent company the Nebius Group, the outfit formerly known as Yandex N.V. Back in 2024, the Dutch group split off entirely from its Russia ops, keeping its AI-focused businesses in cloud, data, self-driving cars and education tech. Yandex's cofounder and former chief Arkady Volozh is Nebius's chief exec. In August of 2023, about a year after stepping down as Yandex's CEO, Volozh publicly denounced Russia's invasion of Ukraine. The company no longer has ties to Russia."
"Nebius says it will deliver dedicated capacity to Microsoft from its new datacenter sited in Vineland, New Jersey. These GPU services will be deployed in several tranches during 2025 and 2026, with the total contract value expected to be about $17.4 billion through 2031. However, the Windows-maker has the option to acquire additional services or capacity under the agreement, which would bring the total contract value to about $19.4 billion, Nebius states in its Form 6-K regarding the deal, filed with the US Securities and Exchange Commission."
Nebius Group, formerly Yandex N.V., split off from its Russian operations in 2024 and retained AI-focused businesses in cloud, data, self-driving cars, and education technology. Arkady Volozh serves as Nebius chief executive and publicly denounced Russia's 2023 invasion of Ukraine. Nebius will deliver dedicated GPU capacity to Microsoft from a new datacenter in Vineland, New Jersey. GPU services will be deployed in tranches during 2025 and 2026, with a contracted value expected at $17.4 billion through 2031. Microsoft has an option to expand the agreement to about $19.4 billion. Nebius plans to finance capex through deal cash flow and debt secured against the contract and is evaluating additional financing options for faster growth.
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