Reflection AI signed a $1 billion compute deal with Nebius, underscoring how open-model startups are scrambling to secure scarce AI infrastructure.

Nebius announced plans to build one of Europe's largest AI data centers in Finland with a $10 billion investment to meet surging compute demand.

Meta has signed a landmark AI infrastructure agreement with Nebius Group worth up to $27 billion, providing massive cloud computing capacity for Meta's AI workloads and sending Nebius stock sharply higher.