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Nvidia's $2B Bet on Nebius Aims to Boost AI Capacity

3/12/2026

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Story summary
  • Nvidia will invest $2 billion in Nebius Group to expand AI data center capabilities, following Nvidia's $700 million investment in Nebius in 2024.
  • The collaboration aims to deploy over 5 gigawatts of capacity by 2030.
  • Nebius Group, formerly part of Yandex, is expanding its customer base beyond large tech firms to startups.
  • Critics say Nvidia's circular investment strategy could inflate the AI market.