$NBIS just landed another deal. Reflection AI signed a $1B+ deal with Nebius for compute capacity, including access to Nvidia’s latest chips. That’s the ex-DeepMind, Nvidia-backed lab valued at $25B building the open-source answer to OpenAI and Anthropic. Three weeks ago Reflection signed up to $6.3B with SpaceX. Now a billion more with Nebius. One AI lab stacking ~$7B in compute across two providers in under a month, because there isn’t enough anywhere. Demand isn’t drying up. It’s lining up.
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