Latest AI News

Databricks secured $1 billion in Series K funding, reaching a $100 billion valuation. The company exceeded $4 billion in annual revenue run-rate with 50% year-over-year growth. Its AI products generate over $1 billion in revenue, with 650+ customers spending $1M+ annually. The funding will expand Databricks' AI capabilities, particularly Agent Bricks and Lakebase, amid strong investor confidence.

Nebius has signed a $17.4-19.4 billion six-year deal with Microsoft to provide AI infrastructure from a new New Jersey data center starting in 2025. The agreement helps Microsoft meet growing AI demand while enabling Nebius to finance capital expenditures and accelerate growth in its AI cloud business. The partnership represents one of the industry's largest infrastructure deals and highlights the trend of tech giants investing in external data center capacity for AI workloads.

Nebius Group and Microsoft have signed a $19.4 billion AI infrastructure partnership, announced September 2025. Nebius will build a dedicated AI data center in Vineland, New Jersey to support Microsoft's advanced AI workloads, including LLM training. The deal positions Nebius as Microsoft's preferred AI infrastructure provider, with Nebius planning to fund expansion through cash flow and debt financing.

Nebius Group has secured a $17.4 billion multi-year partnership with Microsoft to expand AI cloud infrastructure. The deal centers on Nebius providing dedicated AI computing capacity from its new Vineland, New Jersey data center, which will begin operations later this year. Following a 625% revenue increase in Q2 2025, Nebius will finance this expansion through cash flow and secured debt. The partnership strengthens Nebius's position against competitors like AWS and CoreWeave, bringing the company closer to its 1 GW data center power target for 2026.