Nvidia has announced its plan to invest $2 billion in an AI cloud company called Nebius. The company is set to acquire an 8.3% stake in Nebius. The company is investing in Nebius as part of its strategy to increase the global ecosystem for AI and data centers. Nebius is working on building data centers with over 5 gigawatts of capacity by 2030 to cater to the growing need for AI services. The company is working with tech giants such as Microsoft and Meta Platforms to deliver AI based cloud services.
Nvidia to Invest $2 Billion in Neocloud Nebius Amid AI Data Center Push
