Microsoft Signs Nebius Cloud Deal Worth Up to $19.4 Billion

Microsoft has signed a multiyear deal with Nebius Group NV, a technology company spun out from the Russian internet giant Yandex. The deal is worth up to $19.4 billion and will provide Microsoft with access to Nebius' AI cloud computing power. The agreement is seen as a strategic move by Microsoft to expand its cloud computing capabilities and strengthen its position in the rapidly growing AI market. Nebius, which was formed in 2021, has developed advanced AI and machine learning technologies that are expected to complement Microsoft's existing cloud services. The partnership is expected to benefit both companies, as they will work together to develop new AI-powered solutions and services for their respective customers. The deal also highlights the growing importance of AI and cloud computing in the technology industry, as companies continue to invest in these emerging technologies to stay competitive.