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Nvidia has unveiled a new generation of AI chips designed for intensive workloads like code and video generation. The Rubin CPX GPU can process "million-token" contexts, making it ideal for AI coding assistants and generative video applications. Alongside hardware innovations, Nvidia introduced software solutions and APIs to help enterprises integrate AI into their operations. The company's focus on generative AI tools supports content creation and development across industries, from autonomous vehicles to media production. These developments are expected to accelerate AI adoption in enterprises while giving developers and content creators improved performance capabilities, particularly in video production.

Nebius Group's shares surged 44% to a record high after securing a $17.4 billion deal with Microsoft to provide dedicated GPU infrastructure for AI services. The five-year agreement, potentially expanding to $19.4 billion, will begin with deliveries from Nebius's New Jersey data center later this year. Analysts consider this partnership transformative, significantly reducing risks associated with Nebius's expansion plans while solidifying its long-term revenue outlook. The Amsterdam-based company specializes in AI infrastructure and cloud services built on Nvidia computing.

Nebius, an AI infrastructure company, has secured a $17.4 billion multi-year agreement with Microsoft through 2031 to provide cloud computing power for AI workloads. The deal sent Nebius shares soaring by 55% and involves Microsoft accessing GPU infrastructure from Nebius's New Jersey data center. The arrangement benefits Microsoft through creative financing that reduces direct capital expenditures. Amsterdam-based Nebius, which spun out from Russian tech company Yandex, specializes in GPU and AI cloud services. The partnership is viewed as potentially signaling a broader industry shift toward off-balance-sheet arrangements for companies seeking AI infrastructure while managing capital expenditure risks.

Nebius has secured a major $17.4 billion multi-year agreement with Microsoft through 2031, allowing Microsoft to use Nebius' AI cloud computing platform for AI workloads. The deal helps Microsoft limit upfront capital expenditures through a pay-as-you-go model. Nebius, a spin-out from Yandex specializing in GPU services and AI infrastructure, saw its stock surge 60% following the announcement. Beginning later this year, Microsoft will access Nebius' dedicated GPU infrastructure in New Jersey. This partnership signals a trend of major tech companies relying on external cloud specialists for AI infrastructure, as reflected by rising shares of similar providers like CoreWeave.